The budget-balancing plan from House Budget Committee Chairman Paul Ryan is a "total uncompromising" blueprint, Democratic Rep. Chris Van Hollen told CNBC on Tuesday.
In a "Squawk Box" interview, the ranking member on the panel warned that going from "manufactured crisis to manufactured crisis" will put a drag on the economy.
Van Hollen said he's glad the stock market has been "performing well," but he expressed concern about whether Republicans will hold "the debt ceiling hostage" for more spending cuts when it needs to be raised in the coming months.
He acknowledged that government spending must be reduced, but insisted that tax increases also need to be part of the mix.
In an op-ed in The Wall Street Journal, Ryan wrote that his plan—unveiled Tuesday—would balance the federal budget in a decade with no new taxes.
Under our proposal, we'll spend $41 trillion. On the current path, spending will increase by 5% each year. Under our proposal, it will increase by 3.4%. Because the U.S. economy will grow faster than spending, the budget will balance by 2023, and debt held by the public will drop to just over half the size of the economy.
The Wisconsin Republican and 2012 vice presidential nominee said his budget would expand opportunities in domestic energy, repeal and replace the president's health care law, extend the 1996 welfare reform model to other federal aid programs and pave the way for comprehensive tax reform.
(Programming Note: Watch Rep. Paul Ryan on "The Kudlow Report" Tuesday at 7 p.m. ET)