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.