Ryan’s extreme budget plan would benefit the wealthy while raising taxes on middle-class families, slowing our economic recovery and hurting seniors and the middle class.
Deep tax giveaways for the wealthy:
Paul Ryan’s extreme budget includes a tax “reform” plan that would make the Bush tax cuts for the wealthy permanent, and give millionaires an additional tax cut worth over $250,000 a year. Paying for these tax cuts for the most fortunate families would require higher taxes on the middle class, gutting investments in our future, and ending Medicare as we know it.
Raise taxes on the middle class:
Just like Mitt Romney’s tax plan, middle-class families could pay thousands of dollars more a year in taxes to help fund tax cuts for millionaires. Ryan would cut or eliminate middle-class tax deductions like mortgage interest, charitable contributions, and health premiums.
Posted By: DAVID JOHNSON
Monday, August 13th 2012 at 2:55PM
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