The GOP Budget In One Chart
By ThinkProgress War Room on Apr 13, 2012 at 4:38 pm
A Budget to Benefit the 1 Percent
Tax Day is coming up on April 17, so it’s worth remember who will pay more in taxes under the Ryan-Romney Republican budget — the poorest Americans — and whose taxes will be cut in dramatic fashion — the very wealthiest Americans.
If the percentages aren’t shocking enough, the Center on Budget and Policy Priorities reports that the Ryan-Romney budget would give each millionaire a $265,000 tax cut on top of the Bush tax cuts for the wealthy, which it of course also extends.
It should also be noted that Rep. Paul Ryan (R-WI) has promised to close trillions in unspecified tax loopholes, which would likely result in tax increases for millions more middle class Americans than are depicted in this chart. We can’t say for sure, however, because Ryan refuses to name a single one of the loopholes he’d close.
IN ONE SENTENCE: Instead of ending Medicare in order to slash taxes on millionaires, it’s time to pass the Buffett Rule so millionaire start paying their fair share.
Evening Brief: Important Stories That You May Have Missed
Gallup finds overwhelming public support for the Buffett Rule.
General election in a nutshell: President Obama wants to increase his own taxes, Mitt Romney wants to lower his own.
Ron Paul may finally get a chance to defeat the Federal Reserve after all.
For the U.S. Catholic Conference of Bishops, “religious liberty” means being able to discriminate against gay people.
American taxpayers are subsidizing dirty coal development to the tune of hundreds of billions of dollars.
One result of the tough economy is more job diversity on television.
Bank of America proves how heartless they are. Again.
Why the Buffett Rule is more than just a gimmick.
A city the size of Chicago that doesn’t have a sewer system.
Other recent Progress Reports
Apr 12, 2012: Mitt Romney’s Pledge to the 1%
Why is Mitt Romney Making Pledges to a Washington Lobbyist? We’ve previously told you about the 1% Pledge — a pledge run by Washington superlobbyist Grover Norquist that the vast majority of Congressional Republicans have taken. Instead of merely pledging to uphold the oath they take to “support and defend the Constitution of the United States,” these […]
Apr 11, 2012: GOP War on Women, Mitt Romney Edition
Equal Pay for Equal Work? Romney Will Have to Get Back to You Even as top party leaders, including Republican National Committee Chairman Reince Priebus, continue to denounce the GOP’s very real war on women as a “fiction” “manufactured” by Democrats and the media, Republicans continue to add more fuel to the fire. The Romney […]
Apr 10, 2012: Rick Santorum’s TOP TEN Attacks on Mitt Romney
The Primary Is Over, But These Attacks Will Live On Late this afternoon, Rick Santorum announced that he was suspending his campaign, effectively handing the Republican nomination over to Mitt Romney. A top aide to the former Pennsylvania senator told reporters that Santorum and Romney agreed to meet in the near future, and Romney sent out […]
Apr 9, 2012: NEW VIDEO: President Reagan Backs the Buffett Rule
Even the Gipper Wanted Millionaires to Pay Their Fair Share Last fall, when President Obama debuted the Buffett Rule — the simple idea that millionaires and billionaires should pay at least the same tax rate as middle class workers — we climbed into the wayback machine and found a video of President Ronald Reagan decrying “crazy” […]
Be a Seed for Change 
You must be logged in to post a comment.