Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFox News Pundits Wonder If Republicans Can Defend ‘Tax Cuts For The Wealthy’ With Ryan On The Ticket
Fox News Pundits Wonder If Republicans Can Defend Tax Cuts For The Wealthy With Ryan On The Ticket
By Igor Volsky
Bill Kristol, who had predicted that Mitt Romney would name Paul Ryan as his vice presidential running-mate, expressed some concern Saturday morning that Republicans may have a hard time defending the GOP budget, which disproportionately cuts taxes for the rich.
Its the tax cuts for the wealthy, where Republicans have not done a particularly good job of defending it and I think youll see Democratic attacks focus on that side of the equation, he said. The Wall Street Journals Stephen Moore agreed, but noted, whos better to defend those policies that Paul is, I mean he knows this stuff better than anyone. Watch it:
<...>
Paul Ryans infamous budget which Romney embraced replaces the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent. Federal tax collections would fall by about $4.5 trillion over the next decade as a result. To avoid increasing the national debt, the budget proposes massive cuts in social programs and special-interest loopholes and tax shelters that litter the code.
But 62 percent of the savings would come from programs that benefit the lower- and middle-classes, who would also experience a tax increase. Thats because while Ryan would extend the Bush tax cuts, which are due to expire at the end of this year, he would not extend President Obamas tax cuts for those with the lowest incomes, which will expire at the same time. Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.
http://thinkprogress.org/economy/2012/08/11/678701/fox-news-pundits-wonder-if-republicans-can-defend-tax-cuts-for-the-wealthy-with-ryan-on-the-ticket/
By Igor Volsky
Bill Kristol, who had predicted that Mitt Romney would name Paul Ryan as his vice presidential running-mate, expressed some concern Saturday morning that Republicans may have a hard time defending the GOP budget, which disproportionately cuts taxes for the rich.
Its the tax cuts for the wealthy, where Republicans have not done a particularly good job of defending it and I think youll see Democratic attacks focus on that side of the equation, he said. The Wall Street Journals Stephen Moore agreed, but noted, whos better to defend those policies that Paul is, I mean he knows this stuff better than anyone. Watch it:
<...>
Paul Ryans infamous budget which Romney embraced replaces the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent. Federal tax collections would fall by about $4.5 trillion over the next decade as a result. To avoid increasing the national debt, the budget proposes massive cuts in social programs and special-interest loopholes and tax shelters that litter the code.
But 62 percent of the savings would come from programs that benefit the lower- and middle-classes, who would also experience a tax increase. Thats because while Ryan would extend the Bush tax cuts, which are due to expire at the end of this year, he would not extend President Obamas tax cuts for those with the lowest incomes, which will expire at the same time. Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.
http://thinkprogress.org/economy/2012/08/11/678701/fox-news-pundits-wonder-if-republicans-can-defend-tax-cuts-for-the-wealthy-with-ryan-on-the-ticket/
Why Ryan Makes Romney's Tax Problem Even Worse
http://www.democraticunderground.com/10021113316
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 1198 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Fox News Pundits Wonder If Republicans Can Defend ‘Tax Cuts For The Wealthy’ With Ryan On The Ticket (Original Post)
ProSense
Aug 2012
OP
blm
(113,101 posts)1. The Ayn Rand ticket: Reward the rich. Enslave the working class. Blame the poor.
Most anti-Christian ticket in history.
ProSense
(116,464 posts)2. There's a reason
for this: whos better to defend those policies that Paul is, I mean he knows this stuff better than anyone.
Flim-flam man. Krugman nailed Ryan. his plan is absurd.
blm
(113,101 posts)3. yep - hang em high, Pro.
; )
SidDithers
(44,228 posts)4. DU rec...nt
Sid
Blackhatjack
(11,061 posts)5. Amazing that Fox News would allow reality to creep into the discussion
just amazing.
ProSense
(116,464 posts)6. It was just
"Amazing that Fox News would allow reality to creep into the discussion"
...an excuse to hype Ryan.