Paul Ryan's First tax cuts Legislation Adds Nearly $100 Billion To Deficit

[Ichingcarpenter]

WASHINGTON -- The first bills promoted by Rep. Paul Ryan (R-Wis.) as the new chairman of the tax-writing Ways and Means Committee would add nearly $100 billion to the deficit over 10 years.

Ryan, a deficit hawk during his time as the chairman of the Budget Committee for the previous six years, made his fame proposing budgets that aimed to dramatically cut domestic spending and balance the budget within a decade.

But in his first legislative act as head of the committee that will be central to expected tax reform efforts over the next two years, Ryan pushed through a package of seven tax cut bills that would add $93.5 billion to the deficit in the next decade.

The largest, a measure that lets small business write off expenses more quickly, would add $77 billion to the deficit.

Other measures would allow companies to inflate the value of food donations (including things like old Twinkies), make it easier to donate.



http://www.huffingtonpost.com/2015/02/04/paul-ryan-taxes_n_6615076.html

[LuvNewcastle]

1. Another bill from the John Birch Society.

I hope the Democrats will be able to stop any of Paul Ryan's ideas from becoming law. He's an enemy of the people.

[riversedge]

5. Is Ryan connected to that vile organization?

[OverseaVisitor]

2. All I will say is that we living in the times of stupid

1) A person with a billion in asset will still have a billion worth in asset after tax cause tax is based on income.

2) So even if you earn 5% in income cause o your asset you still have 50 million in new asset value to add.

3) So if you keep giving them tax break they get richer

So you end up eroding the poor. Then you try to destroy the safety net. You even manage to brand socialist a bad word.
It call robbing the poor to create more wealth the rich.

Well the is only one possible outcome to all this.

The day will come when the 90% of the people find it so hard that we end up with social unrest.

IT IS ALREADY HAPPENING in some places around the world.

[B Calm]

3. He would cut social security benefits by $100 billion to make it work.

[riversedge]

4. I really wsh Ryan had run for Pres-then he would

not be in Congress now!

[Autumn]

6. This crap is what pisses me off about all the deficit talk.

Any democrat with half a brain known the republicans have no interest in cutting the deficit. They have proved it time and again and yet Obama and other democrats join in on the deficit cutting bullshit. The game is fucking rigged.