The GOP Economic Plan

Once again, here's what the Republican party's top budget mind, Rep. Paul Ryan, has in mind for America once the GOP gets back in charge with his "Roadmap" plan.

The Roadmap would give the most affluent households a new round of very large, costly tax cuts by reducing income tax rates on high-income households; eliminating income taxes on capital gains, dividends, and interest; and abolishing the corporate income tax, the estate tax, and the alternative minimum tax. At the same time, the Ryan plan would raise taxes for most middle-income families, privatize a substantial portion of Social Security, eliminate the tax exclusion for employer-sponsored health insurance, end traditional Medicare and most of Medicaid, and terminate the Children’s Health Insurance Program. The plan would replace these health programs with a system of vouchers whose value would erode over time and thus would purchase health insurance that would cover fewer health care services as the years went by.

Got it?  Because this is what's coming for us as soon as we put the GOP back in charge:  the rich would get substantially richer, the rest of us would pay substantially more taxes so that the rich and corporations can get tax cuts (or eliminated taxes period) and Social Security and Medicare will be phased out in favor of private insurance...and you'll lose the tax exemption on insurance benefits making it all but unaffordable for everyone but the wealthiest among us.

We'll be right back on the road to a straight Pareto Distribution economy where the wealthiest have hundreds of millions and the vast majority of us have nothing.


But let's keep hating on the Democrats.