Democrats

Press

DNC Chair Debbie Wasserman Schultz: Romney-Ryan Economics Would be a Disaster for Seniors and the Middle Class

Democratic National Committee Chair Debbie Wasserman Schultz released the following statement today on Mitt Romney naming Congressman Paul Ryan as his running mate:

“Today, Mitt Romney named Congressman Paul Ryan as his pick for Vice President. Congressman Ryan has been called a serious person, but he, like Mitt Romney has seriously flawed ideas for our economy that have only failed us in the past.

“Congressman Ryan laid the groundwork in Congress for Mitt Romney’s budget-busting scheme that gives an additional $250,000 tax cut for millionaires while punishing middle-class families with tax hikes of up to $2,000 a year. This tried and failed trickle-down economics scheme is familiar and troubling: cuts to education and other job creating initiatives, ending Medicare as we know it and saddling our seniors with the bill all to pay for more tax cuts for millionaires and billionaires. And I can say with no doubt, middle class families and seniors in my home state of Florida want no part of a Romney-Ryan economic scheme that puts millionaires ahead of Medicare and throws the middle class under the bus to give more tax breaks to the wealthy.

“The American middle-class and our seniors cannot afford to go back to the failed policies of the past, and it is unconscionable to ask them to foot the bill for the Romney-Ryan scheme. A Romney-Ryan ticket is sure to take us back and repeat the same catastrophic mistakes that got us into the mess we found ourselves in in the first place.”