Lopsided Approach to Federal Deficit Reduction Would Cost Wisconsin Billions of Dollars

August 8, 2012

If significant new revenue isn’t included, efforts to reduce federal deficits would almost certainly damage Wisconsin’s economic recovery and future growth by drastically cutting federal investments in schools, roads and bridges, safe communities, and disaster relief.

The House-passed budget from Congressman Paul Ryan is an example of an unbalanced deficit-reduction strategy that does not include revenue. Under Ryan’s plan, Wisconsin would lose an estimated 22%, or $413 million, of its in federal funding for education, clean water, law enforcement, and other state and local services in 2014 alone. Read the full press release.