The Path to Prosperity

The Path to Prosperity: Restoring America's Promise was the Republican Party's budget proposal for the United States federal government in the fiscal year 2012. It was succeeded in March 2012 by "The Path to Prosperity: A Blueprint for American Renewal", the Republican budget proposal for 2013. Representative Paul Ryan, Chairman of the House Budget Committee, played a prominent public role in drafting and promoting both The Path to Prosperity proposals, and they are therefore often referred to as the Ryan budget, Ryan plan, Ryan proposal, etc.

The plans stand in contrast to the 2012 and 2013 budget proposals, outlined by President Barack Obama and the Congressional Progressive Caucus.

The 2012 Republican proposal was formalized and passed by the House of Representatives on Friday, April 15, 2011 by a vote of 235 to 193, largely along party lines. No Democrats voted in favor of the bill, and only four Republicans voted against it: Walter B. Jones, Jr., David McKinley, Ron Paul and Denny Rehberg. A month later, the Senate voted against the budget by a vote of 57–40.

The 2013 proposal provides workers currently under the age of 55 (beginning in 2023) a choice of private plans competing alongside the traditional fee for service option on a newly created Medicare Exchange. Medicare would provide a premium payment to either pay for or offset the premium of the plan chosen by the senior. This was similar to a plan developed with Senator Ron Wyden of Oregon, but different enough so that the Democrat opposed it. To secure Medicaid benefits, the budget proposed converting the federal share of Medicaid spending into a block grant indexed for inflation and population growth. The 2013 proposal also caps non-defense discretionary federal spending at $1.029 trillion and consolidates the six existing income tax brackets into two.

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