This Week's Biggest Conservative Enemy of the Working Poor and Middle-Class - Paul Ryan (R-WI)
Our new report shows that House Budget Committee Chairman Paul Ryan’s tax plan would provide $265,000-a-year tax cuts to the nation’s highest-income households. Here’s an excerpt:
Even as House Budget Committee Chairman Paul Ryan’s budget would impose trillions of dollars in spending cuts, 62 percent of which would come from low-income programs, it would enact new tax cuts that would provide huge windfalls to households at the top of the income scale. New analysis by the Urban-Brookings Tax Policy Center (TPC) finds that people earning more than $1 million a year would receive $265,000 apiece in new tax cuts, on average, on top of the $129,000 they would receive from the Ryan budget’s extension of President Bush’s tax cuts. . . .
Millionaires Would Receive More Than One-Third of New Ryan Tax Cuts
Underscoring how tilted the proposal is toward the top, the TPC figures show that people making more than $1 million a year would receive 37 percent of the new Ryan tax cuts even though they constitute less than one-half of one percent of U.S. households (see graph).
Let's say you are a janitor, a teacher's aid, a sales clerk, a seasonal farm worker or a taxi driver - someone who works hard and lives a very modest lifestyle. For some reason, Ryan like most conservatives has nothing but contempt for the fact that you do work for every penny. Like most conservatives Ryan thinks the people made rich via your labor and your purchases of their products deserve even more money that didn't earn. Ryan believes in redistributing money upwards to the lazy plutocratic elite. You know the people that if they all got up and left the country tomorrow we wouldn't miss them.