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Ryan Budget Is Bad for Young Adults

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Press Releases, Health Care, Higher Education, Workforce & Finances

FOR IMMEDIATE RELEASE:

April 2, 2014

Contact: Colin Seeberger, colin.seeberger@younginvincibles.org, 214.223.2913

FY2015 Ryan Budget Is Bad for Young Adults

Cuts to Health Care, Higher Education, and Job Training Programs Would Threaten Young Adults’ Economic Security

[WASHINGTON]— Yesterday, the House Budget Committee released its fiscal year 2015 budget proposal. The House Budget Committee’s largely symbolic proposal slashes funding for Pell Grants, repeals the Affordable Care Act, and eliminates programs that help young adults bounce back after the Great Recession.

Jennifer Mishory, Deputy Director for Young Invincibles said, “This budget proposal would eliminate some of the most significant protections for young people. In an economy where many young adults are desperate for economic stability, this budget builds barriers between young adults and their ability to get back to work, pay for college, and afford health care.”

Specifically, the House Budget Committee’s FY2015 budget:

  • Repeals the Affordable Care Act and turns its back on the over 9 million Americans that have been able to get covered thanks to the law’s dependent coverage, Medicaid expansion, and cost support provisions.
  • Removes mandatory funding for Pell Grants and freezes them for 10 years;
  • Eliminates AmeriCorps and other volunteer service programs, which have helped many young adults launch their careers by helping their communities;
  • Weakens job training programs for young adults, at a time when unemployment numbers remain severely high for our generation;
  • Warps the way that the government accounts for federal student loans by adding accounting penalties for lending to students and families.

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Young Invincibles is a national organization committed to amplifying the voices of young adults, ages 18 to 34, and expanding economic opportunity for our generation. Young Invincibles ensures that young adults are represented in today’s most pressing societal debates through cutting-edge policy research and analysis, and innovative campaigns designed to educate, inform and mobilize our generation to change the status quo.