|Under Paul Ryan's budget, Mitt Romney would pay 0.82% taxes
||[Aug. 17th, 2012|01:01 pm]
Under Paul Ryan's budget, Mitt Romney would pay 0.82% taxes
The Atlantic writes how Romney would pay 0.82% in taxes under Paul Ryan's budget plan
My. I can see why Paul Ryan is popular with the rich -- and despised by the elderly, the 99%, and pretty much anyone else who's paying attention.
Ryan's 2010 "Roadmap" budget echoes the Bush tax cuts, only worse: instead of lowering capital gains, he would eliminate all taxes on capital gains and investments.
Since Romney's income, like many who've inherited their wealth, is almost entirely capital gains, he would pay nothing on his millions. All that would be taxed would be his speaking fees -- and even those taxes would be reduced.
The taxes for the middle class and lower income people, however, would increase. (Why????)
Of course, middle class income has been shrinking over the last thirty years as corporate profits grow. And lower income people never have any money. So Ryan's Roadmap budget would create massive deficits -- unless his Roadmap cuts spending. And cut it does. Everything. Medicare, Social Security, L&I, unemployment insurance. He plans to starve every single government program from Head Start for kindergarteners to the FBI.
You want clean air, clean water, a Park Service, someone to tend the graves of our soldiers at Arlington National Cemetery? Too bad. Veteran benefits, cut, museums and libraries, cut, grants for college educations -- hahaha, Ryan's plan laughs at that.
I also note that federal employees would be dumped into the workforce, increasing unemployment, right when he plans to cut unemployment insurance.
How does this benefit us?
It doesn't. But it paves the road for corporations to run rough shod over the people, and not have to contend with pesky laws.
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