The Ryan budget proposes massive tax cuts for the wealthy and maintains military spending, all while being revenue neutral. He does not tell us what he proposes to cut in order to make this happen. Believe me,
liberals would love for him to be more specific.
Here’re some his options of what to eliminate:
- Medicaid
- Medicare
- Food Stamps
- Education
- Law Enforcement
- Middle class tax “loop holes” like those on mortgage interest payments
You can read more about it here:
latimes.com/business/la-fi-hiltzik-20120815,0,1949780.column
FYI: Here’s an interesting quote from the article:
“Ryan calls for eliminating consumer-friendly financial reforms enacted after the 2008 crash, removing environmental oversight of oil and gas production, and eroding legal protection for unionized workers. With a straight face, he lists these initiatives under the heading, “Ending Cronyism and Corporate Welfare.” The original version of his plan envisioned the national economic safety net as “a hammock that lulls able-bodied citizens into lives of complacency and despondency.” (He removed this
Ayn Randian phrase from the 2012 revision.)”
Ha! Ayn Rand again.