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Under Ryan’s most recent proposal, the way Americans pay taxes would be markedly different. Taxpayers would fit into two tax brackets: Individuals falling in the top tax bracket would pay a rate of 25 percent, while those who fall into the lower bracket would pay 10 percent. (Ryan’s 2010 Roadmap plan went further, eliminating all taxes on capital gains, inheritance and interest. Such cuts would have permitted individuals like Mitt Romney, who derives much of his income from those sources, to get away with paying nothing in taxes.)
To balance Ryan’s proposed $4 trillion in tax cuts, many federal programs would have to be drastically revamped. The Atlantic’s Derek Thompson estimates 40 percent cuts in transportation and education spending, and 24 percent cuts to veterans’ programs, among others.
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‘Do as I say, not as I do.’
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I want all the libertarians to come out and say this guy is their wet dream.
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He is such an idiot!
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Notes
About The 12
The 12 is a group Tumblr of The Washington Post and student journalists in 12 battleground states documenting the 2012 presidential election and capturing perspectives of young voters.
Submit your ideas
Do you have interesting news, notes, quotes, campaign materials or multimedia that we should feature? Do you have something to report about young voters?
Contributors to The 12
amzam
ngjennings
ryankellett
slcarothers
washingtonpostpolitics
alison-noon
cpozernick
haleykmetz
jakepdeschuiteneer
lagore2012
mechellehankerson
news-junkie
rileyjsnyder
sarahglen
tessafox
thatgoeshere
thejadedouso
themizzou12
tylerborchers
ymgonzal
zachtilly
