Jan 23, 2011
This is standard GOP fraternity boy tripe. Ryan's budget is essentially based upon 'trickle down" assumptions. Rightarida doubts that Ryan's ideas will create jobs.
On Meet the Press this morning, Republican Leader Eric Cantor said that Republicans support the Ryan Road Map.
When David Gregory asked Cantor about Budget Committee Chairman Ryan's "draconian cuts" and said that "Republicans don’t stand behind him,"
Republican Leader Cantor quickly said, "That’s not true, we devoted a chapter in our book about it, the direction the road map goes is something we need to embrace."
FACT: The Ryan Budget is good for corporations and the wealthiest people at the expense of hardworking, middle income Americans.
* Ryan Budget eliminates income taxes on corporations and investments earned on Wall Street
* Ryan Budget gives tax breaks to wealthiest Americans
* Ryan Budget increases taxes on middle income Americans
* Ryan Budget increases the debt
Ryan Budget Would Eliminate Income Taxes on Corporations And Investments Earned on Wall Street
According to the Center on Budget and Policy Priorities, the Ryan Budget would eliminate income taxes on corporations and investments earned on Wall Street. The CBPP says the Ryan proposal would make sweeping changes to the federal tax system. It would:
* Repeal the corporate income tax and replace it with an 8.5-percent value-added tax, a form of sales tax on most goods and services. This tax is passed on to consumers.
* Entirely exempt capital gains, dividends, and interest from taxation
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
Ryan Budget Would Lower Taxes For Wealthiest Americans
According to the Center on Budget and Policy Priorities, the Ryan Budget would dramatically lower taxes for the wealthiest Americans, while increasing the tax burden for middle-income groups. According to the estimates the Tax Policy Center issued this week, average tax cuts under the plan would equal:
* $1.7 million a year for the highest-income 0.1 percent of Americans (those with incomes over $2.9 million a year in 2009 dollars)
* $502,000 a year for people with incomes over $1 million
* $280,000 a year for people in the top 1 percent of the population (those with incomes over $633,000)
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
According to the Center on Budget and Policy Priorities, the Ryan Budget would raise taxes on the bulk of taxpayers. According to the CBPP, those, “with incomes between $20,000 and $200,000 — would see their taxes go up. For example, those with incomes between $40,000 and $50,000 would see their taxes rise by an average of $788.”
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
Ryan Budget Increases Debt
According to the Center on Budget and Policy Priorities, the Ryan Roadmap would allow debt to increase. See the rest of the story at http://dccc.org/blog/entry/fact_check_the_ryan_budget_is_a_bad_deal_for_middle_income_americans/
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My name is Paul Ryan and I shill for corporations and the affluent.
This is standard GOP fraternity boy tripe. Ryan's budget is essentially based upon 'trickle down" assumptions. Rightarida doubts that Ryan's ideas will create jobs.
On Meet the Press this morning, Republican Leader Eric Cantor said that Republicans support the Ryan Road Map.
When David Gregory asked Cantor about Budget Committee Chairman Ryan's "draconian cuts" and said that "Republicans don’t stand behind him,"
Republican Leader Cantor quickly said, "That’s not true, we devoted a chapter in our book about it, the direction the road map goes is something we need to embrace."
FACT: The Ryan Budget is good for corporations and the wealthiest people at the expense of hardworking, middle income Americans.
* Ryan Budget eliminates income taxes on corporations and investments earned on Wall Street
* Ryan Budget gives tax breaks to wealthiest Americans
* Ryan Budget increases taxes on middle income Americans
* Ryan Budget increases the debt
Ryan Budget Would Eliminate Income Taxes on Corporations And Investments Earned on Wall Street
According to the Center on Budget and Policy Priorities, the Ryan Budget would eliminate income taxes on corporations and investments earned on Wall Street. The CBPP says the Ryan proposal would make sweeping changes to the federal tax system. It would:
* Repeal the corporate income tax and replace it with an 8.5-percent value-added tax, a form of sales tax on most goods and services. This tax is passed on to consumers.
* Entirely exempt capital gains, dividends, and interest from taxation
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
Ryan Budget Would Lower Taxes For Wealthiest Americans
According to the Center on Budget and Policy Priorities, the Ryan Budget would dramatically lower taxes for the wealthiest Americans, while increasing the tax burden for middle-income groups. According to the estimates the Tax Policy Center issued this week, average tax cuts under the plan would equal:
* $1.7 million a year for the highest-income 0.1 percent of Americans (those with incomes over $2.9 million a year in 2009 dollars)
* $502,000 a year for people with incomes over $1 million
* $280,000 a year for people in the top 1 percent of the population (those with incomes over $633,000)
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
Middle Class Families Would Pay Higher Taxes, $788
According to the Center on Budget and Policy Priorities, the Ryan Budget would raise taxes on the bulk of taxpayers. According to the CBPP, those, “with incomes between $20,000 and $200,000 — would see their taxes go up. For example, those with incomes between $40,000 and $50,000 would see their taxes rise by an average of $788.”
[Center on Budget and Policy Priorities, http://www.cbpp.org/cms/index.cfm?fa=view&id=3114#_ftn3, accessed 9/1/10]
Ryan Budget Increases Debt
According to the Center on Budget and Policy Priorities, the Ryan Roadmap would allow debt to increase. See the rest of the story at http://dccc.org/blog/entry/fact_check_the_ryan_budget_is_a_bad_deal_for_middle_income_americans/
If you are not PO'd about Paul Ryan's tax ideas, you must be a Republican.
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