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.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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