House GOP Budget Cuts Taxes For The Rich, Raises Taxes On The Poor

[cal04]

http://thinkprogress.org/economy/2012/04/12/463694/gop-budget-raises-taxes-on-poor/

As ThinkProgress has detailed, the House Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), pays for massive tax cuts for the wealthiest Americans by cutting spending from programs that primarily benefit lower-income Americans. While giving an average of $187,000 to each millionaire, the budget finds 62 percent of its cuts from programs that benefit the lower- and middle-classes, kicking millions off of food stamps, gutting Pell Grants, and slashing Medicare and Medicaid.

As if that weren’t enough, according to a report from the Center on Budget and Policy Priorities, the budget also raises taxes for low-income Americans:

The Urban-Brookings Tax Policy Center has published new numbers that show the Ryan plan would raise taxes on low-income working families — those making up to $30,000 a year. That’s because, while he would extend the Bush tax cuts, which are due to expire at the end of this year, he would not extend President Obama’s tax cuts for those with the lowest incomes, which will expire at the same time. Our updated report gives the details




Ryan Budget Would Raise Some Taxes; Guess Who Gets Hit?
http://www.offthechartsblog.org/ryan-budget-would-raise-some-taxes-guess-who-gets-hit/

[liberal N proud]

1. In America, you have to pay extra to be poor

[BeyondGeography]

2. Brother, can you spare a tax cut for a stay-at-home mom with a live-in nanny?

[gratuitous]

3. And even for those making $30,000 to $75,000

The tax cut bump is less than 2%. If you're scoring along at home, that's an extra $180-$1,350 annually. If you're making half a million or more, you take home between $44,000 and $125,000. Over a million? The sky's the limit.

And, before the nincompoops ask, yeah, I would gladly pay an extra $15 a month in taxes, especially if it meant the wealthy folks were paying their extra $10,000 a month. But remember, these numbers are on top of the already-low tax rates the wealthy enjoy.

[progressoid]

4. Now that's how you create jobs!

The poor will get so trickled on, they'll be swimming in it.

[jwirr]

5. I wonder how many of the poor move to other states when this happens? And that brings up the

question: Is that part of the goal?