04 Apr '12, 10am

Most Ryan Budget Cuts Come From Poor, Most Tax Cuts Go To Rich | Care2 Causes

Most Ryan Budget Cuts Come From Poor, Most Tax Cuts Go To Rich | Care2 Causes

The Ryan budget plan has been embraced by Speaker of the House John Boehner as “the vision ” of what the GOP would do if it had full control of the government. It’s also a tale of two cuts — cuts for the poor and cuts for the rich. But not in a fair sort of way. According to Ezra Klein , “In the end, the Center on Budget and Policy Priorities estimates that 62 percent of the cuts come from programs for low-income Americans and 37 percent of the tax benefits go to the few Americans earning more than $1 million. In other words, Ryan’s budget fails even Ryan’s tests for encouraging social mobility: It focuses its cuts on programs for the poor rather than programs for seniors, and it doesn’t eliminate any tax loopholes.” President Barack Obama referred to the plan as “so far to the right that it makes the Contract With America look like the New Deal.” But really, it is the epi...

Full article: http://www.care2.com/causes/most-ryan-budget-cuts-come-fr...

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