Paul Ryan’s “New” Plan: Squeeze the Poor, Boost the Rich


Oh Lord. I almost forgot that today is Paul Ryan Day, even though I wrote about it just yesterday. So what’s in the 2014 version of the Ryan budget? Let’s see:

  • Repeal of Obamacare (though we keep Obamacare’s cuts to Medicare, as well as its new taxes).
  • Medicare would be converted into a voucher system.
  • Big cuts to Medicaid.
  • Big cuts to other domestic programs.
  • Repeal of the sequester cuts in the Pentagon budget.
  • A “simplified” income tax system with only two brackets, 10 percent and 25 percent.
  • A reduction in the corporate tax from 35 percent to 25 percent.

I’ll dive into the details later. Maybe. But basically this is the same old same old. Big tax cuts on the rich, big tax cuts for corporations, and big spending increases for the military. For the poor, the middle class, and the elderly, we have big spending cuts and—though Ryan doesn’t admit it—the almost mathematical certainty of big tax increases.

At this point, I honestly have only one wish for all this: that the press finally wises up and refuses to call this a “deficit reduction” plan. It’s not. It’s a plan to dramatically cut domestic spending, full stop, mostly on the poor, the middle class, and the elderly. Every other component of the plan increases the deficit.

THANK YOU.

We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.