Most Ryan Budget Cuts Come From Poor, Most Tax Cuts Go To Rich
The Ryan budget plan has been embraced by Speaker of the House John Boehner as “the vision” of what the GOP would do if it had full control of the government.
It’s also a tale of two cuts — cuts for the poor and cuts for the rich. But not in a fair sort of way.
According to Ezra Klein, “In the end, the Center on Budget and Policy Priorities estimates that 62 percent of the cuts come from programs for low-income Americans and 37 percent of the tax benefits go to the few Americans earning more than $1 million. In other words, Ryan’s budget fails even Ryan’s tests for encouraging social mobility: It focuses its cuts on programs for the poor rather than programs for seniors, and it doesn’t eliminate any tax loopholes.”
President Barack Obama referred to the plan as “so far to the right that it makes the Contract With America look like the New Deal.” But really, it is the epitome of the Reverse Robin Hood, taking from the poor to give to the rich.
Wisconsin Rep. Paul Ryan didn’t take kindly to the characterization, criticizing President Obama for not having a “credible” plan of his own. “Like his reckless budgets, today’s speech by President Obama is as revealing as it is disappointing: While others lead by offering real solutions, he has chosen to distort the truth and divide Americans in order to distract from his failed record.” But how exactly is cutting subsidies for education, food and health care in order to provide even more tax credits to those who make over $1 million a “real” solution?
Perhaps Ryan should look a little closer at who is really dividing Americans — into the ultra-wealthy and the utterly destitute.
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