Press Releases | Budget, Taxes, and Public Investment

News from EPI Ryan’s budget cuts cost 2.2 million jobs over two years

For Immediate Release: Wednesday, April 13, 2011
Contact: Phoebe Silag or Karen Conner, 202-775-8810

In All would suffer from Chairman Ryan’s budget cuts, EPI policy analysts Ethan Pollack and Andrew Fieldhouse use economic models to measure the economic impact of the proposed Republican budget for 2012, which House Budget Committee Chairman Paul Ryan released last week.  They find that the cuts in non-security discretionary (NSD) spending would result in stunning job losses – 2.2 million jobs over the next two years.  Furthermore, the NSD portion of the budget funds programs that invest in a more capable workforce and a more dynamic economy.  Cutting this funding during a stalled recovery is not just counterproductive, it is economically irresponsible.