Reid: Ryan-Koch budget harms students, seniors

Senate Majority Leader Harry ReidHarry ReidNo GOP leaders attending Shimon Peres funeral Overnight Regulation: Feds finalize rule expanding sick leave Anti-trade senators say chamber would be crazy to pass TPP MORE (D-Nev.) said Wednesday that Rep. Paul RyanPaul RyanOvernight Defense: GOP leaders express concerns after 9/11 veto override | Lawmakers press for Syria 'plan B' | US touts anti-ISIS airstrikes Overnight Finance: Lawmakers float criminal charges for Wells Fargo chief | Scrutiny on Trump's Cuba dealings | Ryan warns of recession if no tax reform Overnight Healthcare: Watchdog says ObamaCare program made illegal payments MORE’s (R-Wis.) budget would result in “more poverty and less opportunity.”

Ryan released his budget Tuesday, which reduces taxes, but cuts federal programs. 

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Reid said the spending cuts to Medicare and financial aid harm seniors and students.

“The Ryan-Koch budget tells our nation’s children you’re on your own,” Reid said on the Senate floor. “It rolls back federal financial aid to students. 

“The Koch-Ryan budget breaks the promise to seniors. … It would be the end to Medicare as we know it.”

Reid said Ryan designed his budget to help the wealthy, such as David and Charles Koch — billionaire oil tycoons Reid has often criticized.

Senate Democrats decided not to release a budget because a two-year budget agreement was reached last year. Instead Democrats are focusing on wealth inequality issues, such as raising the minimum wage and extending long-term unemployment benefits.