For most of the past 7 years I have said little by way of outrage at political budgets, either Democratic or Republican. Now we have Obamacare kicking in and, to add insult to injury, the Ryan budget. I've already expressed serious objections to Obamacare; no need to repeat those points yet again. I'm already getting shafted by some of the new provisions, just kicking in this year --looking forward to medical procedures that I will no longer be able to reasonably afford because of the sonovabitch in the WH and his colleagues in the Congress. Now, at least if the Ryan budget was to pass, an actual possibility if the GOP takes the Senate in November, what is today a serious problem could become literally life threatening. Hell, if I criticize the Democrats you can be 100% sure that I won't be in the least reluctant to criticize Republicans for making matters even worse. RC is not the Republican Party Lite. At least speaking for myself, both parties are full of crap and while I may despise one more than the other any given year, each makes me sick --and metaphor now could become medical reality. Damn right I am angry and upset. Billy ===================================== 3/22/2012 9:59:31 P.M. Pacific Daylight Time, [email protected] writes:
What do you expect today's progressives to say?? Applause and encore??? Sad to see you enlist them in your quest against Libertarianism. I'm disappointed in extremis.... This is making for uncomfortable bedfellows. VERY UNCOMFORTABLE. David _ "Free speech is meant to protect unpopular speech. Popular speech, by definition, needs no protection."—Neal Boortz On 3/21/2012 12:03 PM, [email protected]_ (mailto:[email protected]) wrote: from the site : Think Progress _Paul Ryan’s Budget Includes $3 Trillion Giveaway To Corporations, The Rich_ (http://thinkprogress.org/economy/2012/03/20/448057/paul-ryan-claims-to-maintain-revenue-in-budget-that-gives-away-3-trillion-to-corporations-and-the- wealthy/) By _Travis Waldron_ (http://thinkprogress.org/author/twaldron/) on Mar 20, 2012 The _budget_ (http://budget.house.gov/prosperity/fy2013.htm) unveiled by House Budget Committee Chairman Paul Ryan (R-WI) this morning includes _substantial changes_ (http://www.washingtonpost.com/blogs/2chambers/post/republican-budget-proposal-to-be-unveiled/2012/03/19/gIQALstqNS_blog.html) to the American tax code, both for corporations and individuals. Ryan’s tax plan shrinks the number of income tax brackets from six to two, with marginal tax rates set at 10 percent and 25 percent. He repeals the Alternative Minimum Tax (AMT), slices the top corporate tax rate to 25 percent, and repeals all of the health care taxes contained in the Affordable Care Act. It also repeals the repatriation tax on profits corporations earn overseas then bring back to the United States. In all, those tax breaks amount to a _$3 trillion_ (http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=2969&DocTypeID=5) giveaway to the richest Americans and corporations, according to the Tax Policy Center. Repealing the repatriation tax would add roughly $130 billion to that. This morning on MSNBC’s Morning Joe, Ryan insisted that the plan would generate the same amount of revenue as the government currently receives. In true Ryan form, though, he wouldn’t say how: RYAN: We’re taking the tax system and reforming it along the way this new bipartisan compromise and consensus is showing. Get rid of the special interest loopholes, special deductions, lower everybody’s tax rates, bring in at least as much revenue to the government but grow the economy and create jobs, and get spending under control so we can pay off this debt. SCARBOROUGH: So you say that you want to bring as much revenue into the government even with lower tax rates. There are obviously only a few ways to do that as far as eliminating tax loopholes, whether you’re talking about the home mortgage loophole, the health care loophole, or the charitable interest deductions. Which one of those do you eliminate? RYAN: We want to do this in the light of day and in front of everybody. So the Ways and Means Committee, which is in charge of the tax system, sent us the plan here, which is a 10 and 25 percent bracket for individuals and small businesses, and then they want to have hearings and, in light of day, show how they would go about doing this. The taxes Ryan wants to repeal all primarily impact the richest Americans and corporations. Repealing the repatriation tax, as Republicans have attempted multiple times since taking control of the House in 2011, amounts to a _huge giveaway_ (http://thinkprogress.org/economy/2011/08/08/289504/video-the-corporate-dollars-behind-congresss-push-for-a-huge-corporate-tax-holiday/) to corporations. And ending the AMT and investment taxes from the ACA while dropping the top income tax rate would give massive tax breaks to the rich. That isn’t surprising — it’s _virtually identical_ (http://krugman.blogs.nytimes.com/2011/04/08/3-trillion-here-3-trillion-there/) to what Ryan attempted in last year’s budget, which he called the “Path to Prosperity.” Ryan’s plan for income taxes, meanwhile, is similar to GOP presidential candidate Rick Santorum’s, and the Tax Policy Center found that his plan would reduce total federal revenues by _$900 billion a year_ (http://taxpolicycenter.org/taxtopics/Santorum-plan.cfm) . Though Ryan offered no specifics, it ’s clear that to avoid blowing a hole in the federal budget, the GOP will have to make up lost revenue by raising taxes on the poor and middle class (or by ending tax breaks that primarily benefit them) or by taking the axe to _vital_ (http://thinkprogress.org/politics/2011/04/15/158910/ryan-budget-no-food/) _safety net_ (http://thinkprogress.org/politics/2011/04/15/158910/ryan-budget-no-food/) _programs_ (http://thinkprogress.org/health/2011/04/05/172014/paul-ryan-budget-medicare-medicaid-myths/) that the poorest Americans — including _women, infants, and children_ (http://thinkprogress.org/economy/2011/02/09/173778/gop-war-on-babies/) — depend on the most. Again, that shouldn’t be surprising — this edition of Ryan’s plan is simply a worse version of last year’s “_Path to the Poorhouse_ (http://www.americanprogress.org/pr/2011/04/pr20110406) .” -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org
