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Tue Oct 2, 2012, 09:09 PM

Paul Ryan: Cut taxes first, balance budget later

Source: Washington Post

A number of folks are having fun with Paul Ryan’s Sunday interview on Fox News, in which he declined to explain how the Romney/Ryan tax cuts will be paid for: “I don’t have the time, it would take me too long to go through all the math.” Jon Chait sees this as the latest sign that Ryan will “emerge from the race with his legend punctured.”

But there’s another line from Ryan that is arguably just as revealing: Ryan explicitly admits that he and Romney would cut taxes even if they can’t make the math show that the tax cuts would be paid for.

* * *
The Romney tax plan promises everyone an across the board tax cut, which would be paid for by ending loopholes and deductions, beginning with those enjoyed by the rich. Romney promises that the plan would be revenue neutral. The Tax Policy Center found, however, that it’s mathematically impossible to keep all these promises — the only way to pay for all those tax cuts is to target loopholes enjoyed by the middle class, ultimately hiking their tax burden. Romney sometimes deals with this by insisting the study is wrong and vaguely promising that he will, in fact, make the math work somehow, through negotiations with Congress — after he is elected president, of course.

But here Ryan allowed that even if the math explicitly indicates that the tax cuts cannot be paid for without raising middle class taxes — the conditional Wallace laid down — the Romney administration would proceed with the tax cuts, anyway. Cutting taxes is a more important short term policy goal in Romney’s plan than having it pay for itself. Indeed, Ryan’s claims, by any reasonable measure, represent a confirmed disavowal of the notion that the plan will be “revenue neutral,” if by “revenue neutral” we mean that the plan can be demonstrated to pay for itself up front.


Read more: http://www.washingtonpost.com/blogs/plum-line/post/paul-ryan-cut-taxes-first-balance-budget-later/2012/10/01/83313c38-0bf1-11e2-bb5e-492c0d30bff6_blog.html



While many news outlets are noting Ryan's statements that the American people would get too bored to know about the details of Romney's tax plan, here the Washington Post notes that Ryan also admitted that Romney's primary objective is to implement the tax cut even if it explodes the deficit further. I guess if it turns out that the tax cut did not increase revenues (when does it ever), the Republicans can always demands the end to Medicare and Social Security.

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Reply Paul Ryan: Cut taxes first, balance budget later (Original post)
TomCADem Oct 2012 OP
rfranklin Oct 2012 #1
DemKittyNC Oct 2012 #2
Populist_Prole Oct 2012 #3
SoapBox Oct 2012 #4
King_Klonopin Oct 2012 #5
Populist_Prole Oct 2012 #7
jmowreader Oct 2012 #6

Response to TomCADem (Original post)

Tue Oct 2, 2012, 09:12 PM

1. Don't steal my Social Security, dude! There will be consequences...

 

Serious consequences...

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Response to TomCADem (Original post)

Tue Oct 2, 2012, 09:13 PM

2. Grr...

I can't wait till this lying sack of crap is out of a job come November 7th

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Response to TomCADem (Original post)

Tue Oct 2, 2012, 09:37 PM

3. Is he really STRIVING to needle the 99 percent? Feels he doesn't have the nutjob vote?

Those are the only 2 reasons for him to double down on the shit headery. For every teabagger vote he feels he doesn't yet have, he's pissing off many times more in his tone deafness. What a putz!

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Response to TomCADem (Original post)

Tue Oct 2, 2012, 11:10 PM

4. Cut taxes....and worry later.

GEE, Coupon Care Man, wasn't that the BushCo. plan? And look where that shitty plot got us!

I swear, I swear, I swear...it's some kind of twisted death wish for America.

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Response to TomCADem (Original post)

Tue Oct 2, 2012, 11:44 PM

5. He is not, and never has been, serious about debt reduction.

He uses the debt (created by GW Bush) as a tool to manipulate
the gullible public into backing him on what he really wants:

1) To end to Medicare, Medicaid, Social Security, EBT, SCHIP, headstart, etc.

2) Another tax cut (i.e. the redistribution of money from the working class
to the obscenely rich)

In the end, the rich get richer, the safety net -- which they hate -- is destroyed,
and the middle class are left to pay for an even larger debt.

You see, when you're a republican, you get to take out a $750,000,000,000 cash
advance (called a tax cut) and charge a trillion dollar "war on terror" on the
national credit card, and leave the middle class and democrats on the hook for
paying it all back. It's brilliant.

"Deficits don't matter"
-- Dick Cheney

Yup. They don't matter to the wealthy republicans like Dick, because they
know they won't have to pay the tab.

He is a Lying Sack of Shit. LSOS

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Response to King_Klonopin (Reply #5)

Wed Oct 3, 2012, 01:27 AM

7. Well put

And welcome to DU.

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Response to TomCADem (Original post)

Tue Oct 2, 2012, 11:48 PM

6. Ending social spending is always the ultimate goal of a Republican tax cut

Here's where it gets fun: Medicare and Social Security are paid for by their own taxes. If the Republicans get rid of those two programs to try to unfuck the economy, how long will it take for the 'baggers to notice that they're paying for something they will not receive? They'd be absolutely right. So, would they keep income tax the same, eliminate the payroll tax and fuck the economy further, or increase income tax by the amount the payroll tax currently brings in?

And is it possible to impeach a president for lies told on the campaign trail?

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