Tornado Alley (PROG)

[arizona1]

There's so much more but this is Ryan's plan for taxes. To read about his plan for SS and Medicare, your link is terrific.

I would really like for a repub to come on this board and defend Ryan's tax plan

MIDDLE CLASS TAX INCREASES

Citizens for Tax Justice found that Ryan's Roadmap would raise taxes on 90 percent of taxpayers and drastically lower them for the richest Americans.

The Economic Policy Institute (EPI) recently reported that the rates for the middle class would be higher than those for the rich under Ryan's plan. "Middle-class families earning between $50,000 and $75,000 a year would see their average tax rate jump to 19.1% (from 17.7%) under this plan -- an increase of $900 on average," EPI says, while at the same time, "Millionaires would see their average tax rate drop to 12.8%, less than half of what they would pay relative to current policy." As EPI's Andrew Fieldhouse concluded, under the Roadmap, "a long tradition of progressive taxation would be abandoned; millionaires and Wall Street bankers would pay significantly lower tax rates than middle-class workers. ... Income inequality would soar."
http://www.care2.com/causes/politics/blog/ryans-radical-vision-who-is-the-republican-responder-to-the-state-of-the-union/

It’s difficult to design a tax plan that will lose $2 trillion over a decade even while requiring 90 percent of taxpayers to pay more. But Congressman Paul Ryan has met that daunting challenge. This analysis makes obvious that Congressman Ryan’s budget plan has nothing to do with balancing the budget, but has everything to do with creating a system that takes more from the poor and less from the rich.

According to CTJ, Ryan's plan would mean:

* The federal government would collect $183 billion less in 2011 and more than $2 trillion less over a decade than it would if Congress adopted President Obama’s tax proposals.

* Federal taxes would be lower for the richest ten percent, and higher for all other income groups, than they would be if President Obama’s proposals were enacted.

* The bottom 80 percent of taxpayers would pay about $1,700 more, on average, than they would if President Obama’s proposals were enacted.

* The richest one percent would pay about $211,300 less on average than they would if President Obama’s proposals were enacted.

* The poorest 20 percent would pay 12.3 percent of their income more than what they would pay under the President’s proposal, while the richest one percent would pay 15 percent of their income less than they would pay under the President’s proposal.
http://www.ourfuture.org/blog-entry/2011010426/paul-ryan-selling-economic-pain-smile