Multi-millionaire Congressman Paul Ryan wants to raise YOUR taxes, while cutting his own

25 posts / 0 new

The Congressional Joint Economic Committee released a new report on the House’s Paul Ryan budget – finding that while it gives huge tax cuts to the top 2% of Americans – it actually raises taxes on middle class families. Under the Ryan plan – which Republicans passed out of the House of Representatives nearly unanimously earlier this year – households earning more than a million dollars a year would see a tax cut of about $300,000 annually.

But average income households like the middle class would actually see their taxes go up by an additional $2,700 a year. The Ryan plan also reverses some of President Obama’s tax cuts for Americans working Americans who make less than $30,000 a year – basically raising their taxes, too. So when Republicans say they can’t raise taxes on anyone – and even sign pledges to not raise taxes on anyone – they’re lying.

What they really mean is – they can’t raise taxes on their Romney super-rich buddies who are funding their re-election campaigns.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

Comments

Maybe if the 50% of Americans that pay NO taxes have to chip in a little they will respect the cost of the services they demand. My father always told me growing up that if you down own it or pay for it you dont respect it.

What would EVER be the incentive for someone who pays NO taxes to worry about a balanced budget? Why would they care about who pays for 99 weeks of welfare? If you pay nothing into the system and only demand services you are a ZERO liability voter. Your only motivation is what is good for you and NOT what is good for the country.

liberalsyndrome's picture
liberalsyndrome
Joined:
Jun. 15, 2012 6:27 pm
Quote liberalsyndrome:

Maybe if the 50% of Americans that pay NO taxes have to chip in a little they will respect the cost of the services they demand. My father always told me growing up that if you down own it or pay for it you dont respect it.

What would EVER be the incentive for someone who pays NO taxes to worry about a balanced budget? Why would they care about who pays for 99 weeks of welfare? If you pay nothing into the system and only demand services you are a ZERO liability voter. Your only motivation is what is good for you and NOT what is good for the country.

There you go again. All of these poor and underpaid individuals "DEMAND" free services! LOL The only ones I ever hear making demands are the conservatards demands for everyone to live like they do.

Bush_Wacker's picture
Bush_Wacker
Joined:
Jun. 25, 2011 6:53 am

Wrong. I dont care how you or anyone else lives.

I dont care what you eat. (left bans soda, unpasturized milk, sugar, salt, and regulates every other part of what I consume)

I dont care if you are religious. (Left bans Christmas carols & Pledge of Allegiance for kids as someone might get offended)

I dont care who you screw. (left seems to want to force me to accept and condone your life choice. I DONT CARE)

I dont care if you like guns or not. (left wants the controlled, finger printed, 85 step process, with strict controls)

I dont care if you are pro-choice. (left wants to teach kids that abortion is alternative to responsible behavior, teach your own kids and I will handle my own)

I dont care how you spend your money. (buy whatever you like, save for retirement or die broke. The left loves telling me I dont pay enough and that I should spend on their healtchare, their park, their green energy, their failing education system)

I dont care what your healthcare is. (I buy my own and dont feel obligated to pay for anyone else. The left loves to tell me I need to pay for that too!)

Make you a deal, you live how you like and I will NEVER judge. In return, I ask you respect my choices as well.

liberalsyndrome's picture
liberalsyndrome
Joined:
Jun. 15, 2012 6:27 pm
Quote liberalsyndrome:

Maybe if the 50% of Americans that pay NO taxes have to chip in a little they will respect the cost of the services they demand.

Tough to pay taxes when your job went to a half-kernel-of-rice-a-day communist slave, in order to inflate executives' and corporations' income, those same execs and corporations that wave the flag and crow about "freedom" and "liberty."

al3's picture
al3
Joined:
Jul. 31, 2007 3:01 pm

The genius of LiberalSyndrome has created a conservative anthem, I'll put to the tune of Foghat's "I Just Wanna Make Love to You" - We'll split the royalties ;)

(1st Verse:)

Quote liberalsyndrome:

I dont care how you or anyone else lives.

I dont care what you eat.

I dont care if you are religious.

I dont care who you screw.

(Chorus)

(Guitar Solo)

(2nd Verse)

Quote liberalsyndrome:

I dont care if you like guns or not.

I dont care if you are pro-choice.

I dont care how you spend your money.

I dont care what your healthcare is.

(Outro)

al3's picture
al3
Joined:
Jul. 31, 2007 3:01 pm

I like this better:

Don't know much about history
Don't know much biology
Don't know much about a science book
Don't know much about the french I took

Don't know much about geography
Don't know much trigonometry
Don't know much about algebra
Don't know what a slide rule is for

chilidog
Joined:
Jul. 31, 2007 3:01 pm
Quote liberalsyndrome:

Maybe if the 50% of Americans that pay NO taxes

LIAR

chilidog
Joined:
Jul. 31, 2007 3:01 pm

Return to the Nixon tax code, and the federal government has plenty of revenues.

Phaedrus76's picture
Phaedrus76
Joined:
Sep. 14, 2010 7:21 pm

Thanks Thom and LS for a display of the moral bankruptcy of both side when it comes to budgets.

Quote liberalsyndrome:

Maybe if the 50% of Americans that pay NO taxes have to chip in a little they will respect the cost of the services they demand.

Gee... when the Right wants to sabotage the tax base they brag about how many taxpayers they removed off the rolls. When revenues predictably FALL, they then complain the system is unfair to the poor rich folks.... and how THEIR taxes should be cut more while again taxing the low income sector.

Any pattern here? Yup... the Right ALWAYS is trying to shrink revenues and deliver bigger tax cuts to the rich. How goddamn noble when We The People are 16 TRILLION in debt.

The simple fact is we could not afford the irresponsible Bush tax cuts or the FICA tax cut. It's time to reverse both, and to RAISE the taxes on the rich back to 1981 ERTA levels to recoup revenue that never should have been lost. It's not as if we had no debt back in 1981 or 2001... or today.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm
Quote Pierpont:We The People are 16 TRILLION in debt.

Given that this is an election year and the party i want to win are under heavy fire from
the otherside concerning deficits that i believe are needed for growth in this recession,
to practice, my talking points when i go canvassing..debt is a managable 90% of GDP during a recession, comparable to past
comparible to debt during past recessions we have recovered from.
US individuals hold 12% of the debt through US Treassury Notes... Feds hold 9%....
Pensions,Retirement Funds, Local Gov hold about 50% of the debt...Other Countries hold about 47%..
China IS NOT maority holer of the debt. China holds about 9.8%, Japan 9.6%,UK 5.2%,Saudia Arabia 2,6%....
We have Time to pay this majority of debt back into our own savings account by spending judicialy to
growing the economy in the meantime,.

Lynn2009
Joined:
Jul. 31, 2007 3:01 pm
Quote Lynn2009:

to practice, my talking points when i go canvassing..debt is a managable 90% of GDP during a recession,
comparible to debt during past recessions we have recovered from.

SEE WHY I NEED TO PRACTICE! I seem to be always flubbing my lines. I think debt went up to 90% during the eisenhower
recession, which we recovered well from because of the growth during that time.
I read on Yahoo.fianace for all opf 2009 the debt went to 1.43 trillion, 10% of GDP...not 90%..

Think we could have a practice section for answering questions during the election year canvasing?,,,monitore by other
members to correct and fine tune the statements we all agree on but some of us just have to be able to express them better.
help simplify(make them easier to remember). Maybe a remedial canvasing section,
for the non politically talented types.

Lynn2009
Joined:
Jul. 31, 2007 3:01 pm

Quote liberalsyndrome:

What would EVER be the incentive for someone who pays NO taxes to worry about a balanced budget?

As usual you're substituting your slavishly doctrinaire Orwellian Right narrative for simply observing the obvious.

The drive for more entitlements hasn't in recent memory come from the working class. The last entitlement, Medicare D, was a big wet kiss from the GOP to Big Pharma. As for unemployment, once it was pretty much a bipartisan idea to extend unemployment when the unemployment rate was over, I believe, 8%. Perhaps you're old enough to remember the great Reagan Recession of 81-83 when unemployment was over 8% for something like 28 months. Reagan said on March 22, 83

One of the most important pieces of legislation to be considered by the Congress this year is being held hostage by a small but highly funded and organized special interest group.

Until a few days ago, it appeared that an omnibus bill to make social security solvent and extend supplemental unemployment benefits would be enacted this week. I would have gladly signed this vital measure to relieve legitimate worries about the economic security of so many.

Now, however, a selfish special interest group and its congressional allies are attempting to make this vital economic security bill a legislative hostage. But let me make absolutely clear that an unrelated rider amendment -- based on a campaign of distortion and designed to prove that the banks and other financial institutions can still have their own way in Washington -- has no place in the bill pending before the Senate.

We should not accept an amendment designed to prevent the collection of taxes that are already owed on interest and dividends, even if the financial institutions find it inconvenient.

This morning, I have strongly urged the leadership of the Senate to take whatever steps may be needed to free the economic security bill from this blatant attempt at legislative hostage taking. The social security and unemployment insurance lifeline that extends to millions of Americans across the breadth and width of our land cannot be permitted to be severed by the obstructionist tactics of a Washington lobby and its congressional friends. As I said last week, it would be far better if the bankers spent less time lobbying and more time lowering interest rates.

http://www.reagan.utexas.edu/dtSearch/dtisapi6.dll?cmd=getdoc&DocId=2368&Index=%2aefd0fee5343905cffa0f0158ab4a751e&HitCount=7&hits=7+8+10+11+48+49+e8+&SearchForm=F%3a%5cReagan%5fPublic%5fWeb%5csearch%5cspeeches%5cspeech%5fsrch%5fform%2ehtml

And the call for more and more irresponsible tax cuts does NOT come from the working poor... it comes from those who protect the interests of the wealthy. They know they can't pass tax cuts for the rich without doing so across the board... knowing that will kick many low income taxpayers off the rolls. They could care less about deficits, debt, what happens to the safety net programs, or how much we piss away on interest... because to them it's better to waste money doing nothing than to help anyone. Insane thinking? Sure... but they justify it because they believe driving the US deep into debt even when times are good will eventually undermine the New Deal and Great Society programs they've always loathed. Rather than be honest about their agenda, they seek to sabotage the treasury.... and let their massive debt make the argument for them.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm

The lowest quintile gives .8% of their money to the federal government, the 2nd quintile gives 5.7%. Yet the top .1% gives 30.8%.

http://www.taxpolicycenter.org/briefing-book/key-elements/poor/households.cfm

Entitlement Society's picture
Entitlement Society
Joined:
Jun. 6, 2012 12:45 pm

Is this conclusive proof that Corporate Income Taxes are paid by shareholders and not paid by consumers through higher prices?

chilidog
Joined:
Jul. 31, 2007 3:01 pm

These 2011 figures are subject to change because I haven't filed my tax return yet.

Data Sources

Congressional Budget Office, Historical Effective Federal Tax Rates: 1979 to 2005, December 2007, Table 1-A (Washington, 2008).

Rohaly, Jeff, "The Distribution of Federal Taxes," Tax Notes June 25, 2007, p. 1293.

Tax Policy Center, "Share of Wages Paid at the Poverty Level for Individual Federal Taxes, 1970-2006," Tax Facts, May 4, 2007.

Author: Roberton Williams
Last Updated: June 22, 2011

chilidog
Joined:
Jul. 31, 2007 3:01 pm

The top .1% tax payments are rebated through gov't contratcts, subsidies, monopoly approvals of all m&a moves they want. They get more than they pay for.

douglaslee's picture
douglaslee
Joined:
Jul. 31, 2007 3:01 pm
Quote douglaslee:

The top .1% tax payments are rebated through gov't contratcts, subsidies, monopoly approvals of all m&a moves they want. They get more than they pay for.

I think the real source of most of this wealth isn't what you mentioned, but is largely because of the government structures we created. Which brings up this question... what is a killer idea worth in an impoverished 3ed or 4th world nation without the necessary infrastructure to exploit that idea?

What infrastructure? How about a nation secure from invasion provided by our military? How about law enforcement provided by various federal, state, and local agencies? How about a literate and educated workforce? A legal system that allows for the existence of limited liability corporations, intellectual patent rights, and contract law? A judicial system to oversee and enforce such laws? What about stable monetary and banking systems from which to get credit? What about a system to insure public health... from clean water to vaccination programs? What of publicly financed basic research from which to draw? A system that redistributes wealth so poor states or towns aren't left behind?

Without such infrastructures, that killer idea would be worth nothing. Or put another way... and to put a twist on that right wing question who ever got a job from a poor person... who ever got a decent job in an impoverished nation?

A well developed and well run PUBLIC sector is crucial in making that wealth possible... and THIS is the moral basis for a stongly progressive tax system.

But we stray from the topic.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm

Quote liberalsyndrome:

Wrong. I dont care how you or anyone else lives.

I dont care what you eat. (left bans soda, unpasturized milk, sugar, salt, and regulates every other part of what I consume)

You're making an ass of yourself thinking the right does NOT want to enforce their own PC values on others. Try getting rid of school prayer or students saying the Pledge of Allegiance… or the national anthem at sports games.

As for your claims above, just because ONE mayor went too far in banning large sizes of soda, you're accusing everyone on the Left of wanting this? I LOVE soda… and salt more than sugar. Unpasteurized milk? It was the FDA back in 1987 that banned interstate sales of such milk. Sugar? Salt? If corporations are getting use hooked on substances that are unhealthy, we as a society DO have a right to fight back. But I don't know of any call for these substances to be limited perhaps outside of schools. But what's your approach? Just let corporations run wild and do to us what they want with no protest? Actually you probably do. Your belief system is slavishly doctrinaire Right.

In the end the BEST solution I can think of is to tax what's unhealthy and use the money solely for dealing with the social costs of their use. Call it a market based approach. But paradoxically, it needs a socialistic national single payer system to make this work nationally... a subject way off topic here.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm

The rich have planned it so less of the lower earners have to pay fed. taxes. Cut lower earners pay and cut their taxes. That way you can't complain that your not getting anything for your tax dollars. That way the rich get more attention for the tax dollars they pay.Then they raise prices so all help pay their taxes, pay for their salary increases, pay for their lobbying and their prefered candidates.

As Mitt forgot to mention, who pays for corporate contributions and lobbying, it's people! But not really the rich people. It's the new hidden tax on everything we buy from the larger corps.

EdBourgeois's picture
EdBourgeois
Joined:
May. 14, 2010 11:24 am
Quote EdBourgeois:

As Mitt forgot to mention, who pays for corporate contributions and lobbying, it's people! But not really the rich people. It's the new hidden tax on everything we buy from the larger corps.

Who pays corporate income taxes? Who pays "hidden taxes?"

http://www.taxpolicycenter.org/briefing-book/key-elements/poor/household...

What does the column "Corporate Income Tax" represent here?

chilidog
Joined:
Jul. 31, 2007 3:01 pm
Quote chilidog:Who pays corporate income taxes? Who pays "hidden taxes?"

http://www.taxpolicycenter.org/briefing-book/key-elements/poor/household...

What does the column "Corporate Income Tax" represent here?

The Right has one agenda.... to protect wealth and business. So they'll use ANY problem as a pretense for that same agenda. Good economy? Cut taxes. Bad economy? Cut taxes. Nope, we can't increase (or restore) taxes for the so-called "job creators" or business because they won't hire anyone. So taxes have to go up for everyone else.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm

When you put the entire last 30 years in focus you can see the problem. The higher earners incomes have exploded over the last 30 years while the lower incomes have gained about 3% over that same period, taking into account inflation. As more and more money is shifted to the higher income section of the country then more and more taxable money is now in the effective tax rate bracket of around 15%. There's less gross income in the tax brackets of 25% to 35%. That means that there's much less tax revenue collected nationally than if the over all wealth were more evenly distributed.

As more and more income goes into the higher income section of the country, less Social Security is collected as well due to the cap. A billion dollars in income for the average Joe's of the country would generate a substantially higher amount of Social Security revenue than a billion dollars in income of 20 billionaire's. The huge gap in income equality is the most important reason that tax revenue and Social Security revenue isn't keeping up with what's being spent.

Nobody wants us to use our brains and figure these things out. They just keep pushing the worn out meme of less spending. As long as they keep "we spend too much!" as the headlines in the media, we won't figure out what's really going on. I already have. It's kind of a no brainer.

Bush_Wacker's picture
Bush_Wacker
Joined:
Jun. 25, 2011 6:53 am
Quote Pierpont:
Quote chilidog:Who pays corporate income taxes? Who pays "hidden taxes?"

http://www.taxpolicycenter.org/briefing-book/key-elements/poor/household...

What does the column "Corporate Income Tax" represent here?

The Right has one agenda.... to protect wealth and business. So they'll use ANY problem as a pretense for that same agenda. Good economy? Cut taxes. Bad economy? Cut taxes. Nope, we can't increase (or restore) taxes for the so-called "job creators" or business because they won't hire anyone. So taxes have to go up for everyone else.

The right always argues that we can't increase taxes on corporate profits because corporations will just pass those tax increases onto consumers in the form of higher prices.

I interpret the chart presented in the link to mean that shareholders pay corporate income taxes, which is my position. Unless the chart is meant to suggest that the total amount of goods and services CONSUMED by one-tenth of one percent of citizens is five times greater than the total amount consumed by 80% of citizens.

chilidog
Joined:
Jul. 31, 2007 3:01 pm
Quote chilidog:The right always argues that we can't increase taxes on corporate profits because corporations will just pass those tax increases onto consumers in the form of higher prices.
Anyone can argue they should not pay taxes because it really hurts others. Of course Labor can play the same game. Labor doesn't really pay taxes... they pass them on to corporations in the form of higher wage demands... who pass those higher wages on to consumers in the form of higher prices, but they don't pay those higher prices because they demand more pay etc etc.

By this "logic" NO ONE pays taxes even if everyone does!! In the end the cost of taxes is imbeded in everything... and what government does is skim a percentage off the churn of money in the economy.

Pierpont's picture
Pierpont
Joined:
Feb. 29, 2012 1:19 pm

Currently Chatting

The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

Powered by Drupal, an open source content management system