Paul Ryan's Roadmap to Nowhere

Some highlight from Ryan's so call ed roadmap: The federal government would collect $183 billion less in 2011 and more than $2 trillion less over a decade Federal taxes would be lower for the richest ten percent, and higher for all other income groups The bottom 80 percent of taxpayers would pay about $1,700 more The richest one percent would pay about $211,300 less The Ryan plan would not make... [more]

Some highlight from Ryan's so call ed roadmap: The federal government would collect $183 billion less in 2011 and more than $2 trillion less over a decade Federal taxes would be lower for the richest ten percent, and higher for all other income groups The bottom 80 percent of taxpayers would pay about $1,700 more The richest one percent would pay about $211,300 less The Ryan plan would not make permanent the expansion in the refundable Child Tax Credit and Earned Income Tax Credit that was included in the 2009 recovery act, as President Obama’s plan would. (These differences are the reason why the poorest fifth of taxpayers would pay more, on average Congressman Ryan would repeal the federal estate tax, which affects only the very largest estates (less than one percent of estates It’s difficult to design a tax plan that will lose $2 trillion over a decade even while requiring 90 percent of taxpayers to pay more. But Congressman Ryan has met that daunting challenge. http://ctj.org/pdf/ryanplan2010.pdf [less]