Ryan Roadmap Lays Out Sweeping Tax Changes Including Massive Cuts For The Rich

[babylonsister]

Ryan Roadmap Lays Out Sweeping Tax Changes Including Massive Cuts For The Rich
Christina Bellantoni | February 10, 2010, 8:55AM


If some Republicans are squeamish about Rep. Paul Ryan's proposal to privatize Social Security, there's plenty of tax cuts for the rich included in the plan they might find more to their liking.

TPMDC has been scouring the "Roadmap for America's Future" budget blueprint that Ryan, ranking Republican on the Budget Committee, proposed a few weeks ago. Among the nuggets that have GOPers running a bit scared are his plans to dramatically slash Social Security and Medicare benefits to cut the deficit.

Under the plan, Ryan (R-WI) also would give taxpayers a choice of a "simpler" system with just two tax brackets and he would repeal the corporate income tax. In its place he creates a "consumption tax" of 8.5 percent that experts tell us would unfairly burden the lower and middle classes. That's a tax on all goods and services that shifts the tax burden from corporations to individual consumers.

Ryan says the consumption tax for businesses will make it easier for the companies to "invest and create more jobs in the U.S."

more...

http://tpmdc.talkingpointsmemo.com/2010/02/ryan-roadmap-also-includes-sweeping-tax-changes---big-cuts-for-the-rich.php?ref=fpa

[sinkingfeeling]

1. What district is this guy from? I always thought Wisconsin was 'liberal'.

[deminks]

2. Sounds like another contract on America to me.

[mod mom]

3. Can some journalists please get some GOP candidates on record whether they support this proposal!

Just sent an email to a political journalist friend asking that he do this to our GOP Senate & Governors candidate!

[OHdem10]

4. The Party of the Rich and Big Business.