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Paul Ryan and MittRomney
Paul Ryan and Mitt Romney's real promise is to the richest of the richest. (Darren Hauck/Reuters)
It's official: the Mitt Romney-endorsed Paul Ryan budget would put the burden of tax cuts for the rich squarely on the backs of the middle class. A report by Senate Democrats, reviewed by non-partisan Tax Policy Center, concludes that the plan would have to displace the tax burden of huge cuts for the wealthy onto the rest of us.

The plan would change the tax structure to have just two brackets, 25 percent and 10 percent, bringing the top rate down from 35 percent. Because that would mean a loss of $4.5 trillion in revenue over the next decade, Ryan says he'd make this plan revenue neutral. That would have to mean closing loopholes. Loopholes that help middle class tax payers. Like the mortgage interest deduction and the tax exclusion on employer health benefits. It would also probably require taxing 401(k) contributions.

The net result: Married couples in that income range would pay an additional $2,700 annually to the Internal Revenue Service, on top of the tax increases that are scheduled to hit every American household when the George W. Bush-era cuts expire at the end of the year.

Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.

What's that look like? From the report [pdf]:
Graph from Senate Democrats' report on Ryan tax plan
Those making under $100,000 a year (or, most of us) would see little, if anything, back in our pockets, while the top of the top 1 percent would make out like bandits.

Remember, this is just the tax side of the Ryan plan. The devastating cuts to everything from Pell Grants to Medicaid and Medicare would put even bigger burdens on low-income and middle-class America.

This is the Republican plan for America, led by Paul Ryan and endorsed by Mitt Romney: protect the rich and screw everyone else.

For more discussion, see eXtina's diary.

Originally posted to Joan McCarter on Wed Jun 20, 2012 at 10:17 AM PDT.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, German American Friendship Group, and Daily Kos.

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Comment Preferences

  •  Tip Jar (33+ / 0-)

    "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." —Warren Buffett

    by Joan McCarter on Wed Jun 20, 2012 at 10:17:01 AM PDT

  •  If we don't have as much $$$ as the GOP ... (18+ / 0-)

    ... to fund the election, we should use every cent of it to drive home the message that the Romney-endorsed Ryan plan will end Medicare, raise taxes on the lower and middle classes and gut Medicaid. Simple, straightforward words for otherwise disengaged voters.

    "It does not require many words to speak the truth." -- Chief Joseph, native American leader (1840-1904)

    by highfive on Wed Jun 20, 2012 at 10:23:18 AM PDT

  •  Yes it would. Extina has a good diary (10+ / 0-)

    about that on the Rec List.

    Good post, mcjoan.

    I'm from the Elizabeth Warren and Darcy Burner Wing of the Democratic Party!

    by TomP on Wed Jun 20, 2012 at 10:24:07 AM PDT

  •  It can't be shouted enough. (10+ / 0-)


    Obama wants your guns = Romney wants your Medicare Stop choosing your guns over your health You're shooting yourself

    by blueoregon on Wed Jun 20, 2012 at 10:43:01 AM PDT

  •  Will the Paul Ryan/Mitt Romeny Tax Giveaway (6+ / 0-)

    allow the deduction for Dancing Horses?

    Notice: This Comment © 2012 ROGNM

    by ROGNM on Wed Jun 20, 2012 at 10:49:54 AM PDT

  •  Umm, yeah... (2+ / 0-)
    Recommended by:
    TrueBlueMajority, laurnj

    You supposed to pay for fealty to our Lords.  Duh!

    The greatest trick the Devil ever pulled was convincing online commenters that they have anything to say.-- B.F.

    by lcj98 on Wed Jun 20, 2012 at 11:10:44 AM PDT

  •  The biggest problem with this argument of the (7+ / 0-)

    "middle class" paying for "tax cuts" for the "rich" is most people don't know where they stand.  And even if they can read a chart and figure out where they are today it's a part of human nature to hope for something better.  Who was it that said we Americans think of ourselves as "temporarily embarrassed millionaires"?  In other words I make $100K today but ...but tomorrow I could make $400K.  And suddenly in an instant I am the rich or soon-to-be.

    In other words these facts are valid but does the reader believe these issues apply to him/herself?  That's the trick.  Whoever hears this message has to own it. It has to be personal for them.  The Republicans did it on the other side by saying "these lazy people are living off you".  Now personally I don't mind feeding children but I do have a problem subsidizing a millionaire's dancing horse.

    •  The problem is taxes are taking out of paychecks (1+ / 0-)
      Recommended by:

      and a lot of people will just listen to what the news and IRS tells them the rate is, they won't actually look at last years taxes paid and compare them to the new number they paid year over year and realize whether their taxes actually went up or down...

    •  Yes, this all rings true (3+ / 0-)
      Recommended by:
      Greenfinches, eps62, Hushes

      and brings to mind one of my favorite studies of all time wherein people were simply asked to self-identify their income stratification.

      Something like 18% of people identified themselves as being in the top percentile and 42% in the top 5%.

      So, extrapolating just a little bit, when it a proposal goes out to increase taxes on the top 10% - well over half the people out there think they're going to be victimized . . . .

      •  Which is why we have to stop using (0+ / 0-)

        terms like "middle class" and instead use real numbers. For example: Do you make less than $1million a year? Then you will get screwed by the Republicans' plans. Easy.

        "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

        by bryduck on Wed Jun 20, 2012 at 02:23:58 PM PDT

        [ Parent ]

      •  Exactly. I don't know if it's bad math or (0+ / 0-)

        delusional optimism or both.  As dryduck said, we have to stop using terms like "middle class".  The phrase has different meanings to everyone.

        We have to say things like: there are 3M millionaires in America.  3M millionaires?!  That's 1% of the population.  Unless you are a millionaire (the richest of the millionaires) you are not the 1%.

  •  Mitt and Paul show you the cost of their plan nt (0+ / 0-)

    Not blaming Bush for the mess we're in, is like not blaming a train engineer for a fatal train wreck because he's no longer driving the train.

    by JML9999 on Wed Jun 20, 2012 at 11:43:08 AM PDT

  •  the title says it all (6+ / 0-)
    Recommended by:
    buffie, labwitchy, tuma, eps62, cybersaur, Matt Z

    why are so many middle class and poor people willing to vote against their own economic interests???  WHY???

    "Politics is like driving. To go backward put it in R. To go forward put it in D."

    by TrueBlueMajority on Wed Jun 20, 2012 at 11:47:40 AM PDT

    •  Whatever the explanations... (3+ / 0-)
      Recommended by:
      TrueBlueMajority, buffie, eps62

      It's the central tragedy of our time.

      As for the explanations, let's just say the plutocrats have this game down cold.

    •  i've asked (7+ / 0-)

      my neighbors this exact question.  they truly don't think they are voting against their own interests, they're not looking at anything but the fact that rmoney is white, a christian and not obama.  that's it.  they're not paying one darn bit of attention to the true republican agenda.  

      they don't believe a white man would do anything to harm another white man.  (my neighborhood is 100% white) and they don't want to pay for anything that might help anyone that isn't white.

      they also believe that they too could be rich if the stars would just line up properly.

      it's insane.

      The effects of religious dogmatism on the lives of women have been transparently negative; they are consigned to a livestock-like breeding cycle. -- Sam Harris

      by labwitchy on Wed Jun 20, 2012 at 12:24:08 PM PDT

      [ Parent ]

    •  why are so many middle class and poor people (1+ / 0-)
      Recommended by:

      are willing to vote against their own interest?.
      Very easy explanation...the GOP has got these all figured out...that voters are a lazy lot, not educated enough and don't understand much nor pay attention to policy such, feed them just that which they can easily digest, that which feeds a bumper sticker, that which doesn't need any mental strain hence...
      --Government is the enemy
      --goverment is too big
      --Taxes are too high
      --Regulation is killing you
      --If only we could drown goverment in bathtub
      --If only millionaires paid less and less taxes, some of their money would fine its way to you
      --If only we got rid of government employees who are "mooching" off you
      --if only we were capitalist enough
      --if only we stayed true to the founding fathers
      --if only we had liberty
      --if only we had enough free enterprise...
      See how "easily digestable" these GOP talking points  are? When you have all your arguments  compressed into one tiny slogan small government/low taxes/no regulation...this is easy to understand and for lazy minds to gravitae towards...despite the fact that they are all full of bull?
      -On the contrary try explaining why we need regulation so that our water sources are not contaminated?
      -Try explaining that taxes  mean investment in public goods - schools, roads, brigdes, sewer systems,  research...
      see how difficult this is? See how it doesn't make a bumber sticker? That's the problem we have...despite the fact that we are right?

      "When fascism comes to America, it will be wrapped in a flag and carrying a cross." Sinclair Lewis, 1935 --Talk of foresight--

      by tuma on Wed Jun 20, 2012 at 12:52:10 PM PDT

      [ Parent ]

  •  The tax cuts for the third and fourth quintiles... (0+ / 0-)

    ...aren't peanuts, according to the chart.  And they do look like cuts, not increases.  I'm not sure that chart helps make your case.

    The road to Hell is paved with pragmatism.

    by TheOrchid on Wed Jun 20, 2012 at 11:49:04 AM PDT

    •  The problem with the chart (and plan) is that (0+ / 0-)

      you can only score the plan on the cut side because he never states what deductions will be gotten rid of. But if it is what has been mentioned, 401K contributions (which seems like a splendid idea now that we've eliminated pensions) and Health care would destroy any cut and increase taxes. So either he plans on increasing the deficit 5 trillion more, or we're all in for a nice tax increase under the top 10%

  •  And there are millions of voters eager to pay... (6+ / 0-) people's taxes for them, just as long as they have their guns, gays can't get married, and anyone darker than a fish's belly isn't in the White House.  

  •  There is no way that the title of this Diary can (1+ / 0-)
    Recommended by:

    be true.

    Everybody knows that all Republicans are devout Christians and of course this would be a very Un-Christian like thing to do.

  •  one question: (6+ / 0-)

    how is a "revenue neutral" tax schedule supposed to lower the deficit and the national debt? supposedly, that's what the republicans are soooooooooooooo concerned about, right? so any "revenue neutral" plan will do nothing to address those two issues.

    •  excellent point (1+ / 0-)
      Recommended by:

      this needs to be asked of them every time they start flapping their gums about this.

      Also, if this is revenue neutral, then why the heck are we even messing with it at all? Why go to all the trouble just to end up in the same place?

  •  And McConnell keeps putting the issue out there! (3+ / 0-)
    Recommended by:
    buffie, eps62, Mr MadAsHell

    Can you believe, he basically says? Why the unemployed and the poor, they pay no taxes at all! And, what a humongous part of the burden of government the wealthy are paying: 10% of taxpayers are paying almost 70 percent of federal revenues. On CBS, McConnell says:  "We have an extraordinarily progressive tax code already ... It is a mess and it needs to be revisited again.”

    That was McConnell. And now, the tag team of Romney and Ryan. If we have his two proposed brackets, loopholes that benefit middle-income taxpayers will have to go. Fat chance the mortgage interest deduction will be eliminated (although it could be narrow: one home, dollar limit, etc.) in anything short of a wholesale revision of the tax code. And that is a magician's trick that is all smoke and mirrors.

    If we fall for that one, we will deserve the result.
    How easy the GOP is making it for us this year, if we can just get the word out.

    Obama and strong Democratic majorities in 2012!

    by TRPChicago on Wed Jun 20, 2012 at 11:55:40 AM PDT

  •  it doesn't matter... (1+ / 0-)
    Recommended by:

    It doesn't matter if you go to bed hungry each night, assuming you still have a bed (and a home), as you can have happy dreams of the Ryans and the Romneys rolling around naked in all their money.  What could make you more fulfilled?  Doesn't it say something good about your character, because you sacrificed some little inessential thing, like food, so Ann Romney could have a $77,000 tax break for her horses?  Shouldn't Ann and Mitt and Paul have some happiness, too?  

  •  Talk about doubling down on Bush (2+ / 0-)
    Recommended by:
    annieli, eps62

    This plan makes Bush look like Clinton. Sort of. Well, you know what I mean.

  •  If those supporting Republicans wakeup to the (1+ / 0-)
    Recommended by:
    Laura Wnderer

    looming possibility of their own destruction in a dwindling  prospect of middle class security,  it would be my dream of reality.

  •  "loopholes" (0+ / 0-)

    I recommend avoiding use of that term for tax deductions that benefit middle-class tax payers. "Closing loopholes" has a positive connotation to my ears, and I believe the concept of eliminating tax benefits for the struggling middle class should be viewed negatively.

  •  they are utterly brazen now in their attempt to (5+ / 0-)

    undermine the middle class.  They are relying upon the stupid and underinformed to let it happen.

    The Dems better find a way to describe this Ryan Budget in a sentence or two for the horror that it is.

    If the plutocrats begin the program, we will end it. -- Eugene Debs.

    by livjack on Wed Jun 20, 2012 at 12:03:39 PM PDT

  •  If there was a political party that opposed cuts (2+ / 0-)
    Recommended by:
    Laura Wnderer, eps62

    this might have some value. The continuing Democratic meme that we need cuts, just not as much as the Republicans want, is not exciting the base. Or anyone else for that matter. We need real push back.

    I'm no philosopher, I am no poet, I'm just trying to help you out - Gomez (from the song Hamoa Beach)

    by jhecht on Wed Jun 20, 2012 at 12:05:52 PM PDT

  •  I got this opinion from other posts here on this (1+ / 0-)
    Recommended by:

    My opinion is that the biggest problem with the most wealthy not paying their fair share of taxes is inherent in the tax code itself.  The wealthy have just so many avenues to pay less in taxes on what they realize in "earnings" (notice I didn't say "income") than most of the rest of us.  I mean, capital gains is earnings...I don't care how you look at it.  And, it is taxes VERY differently than what the rest of us get in "earnings".  In addition, much of the money that the more wealthy people have is funneled overseas in accounts that don't ever see taxation from earnings that the rest of us see when we have savings accounts and so forth.  There are tax shelters and all sorts of breaks just too numerous to list here for a large amount of what the most wealthy have and receive from their holdings.  It's not republican-specific and therein I believe lies the difficulties in changing the tax code and the IRS laws/exemptions and so forth.  Go to Google and see who in congress are the most wealthy.  I think a great many people would be very surprised to see that it isn't in ANY way fact, it leans democrats when you look at the top.  So, tough to change what affects those that actually could be affected, y'know?

    This is where we...and I mean we democrats...need to work to get true "change".  We get a lot of rhetoric and spin about how the most wealthy don't pay their fair share...but, it won't change unless ALL of the wealthy politicians get on board to change it.

    The truth is sometimes very inconvenient.

    by commonsensically on Wed Jun 20, 2012 at 12:07:33 PM PDT

  •  Been saying this since Ryan proposed his budget (1+ / 0-)
    Recommended by:

    Sad that the media refuses to report the truth so the rest of the country will go on thinking Republicans want to cut "their" taxes and Democrats want to raise "theirs". This will be the biggest tax increase on the poor and middle class in the history of this country and no one ever think about reporting on it. Welcome to corporate fascism brought to you by our corporately owned media.

    Even if you ignore the elimination of deductions (which is a big ignore), if you use their plans as is and cut out the exemptions for income below a threshold (so as they say, everyone pays), you're already increasing taxes on everyon making close to under 65K a year (which is way more than half the country). Because contrary to the math deficient US voter, it may sound good in theory, but when you "flatten" the tax code at the bottom to make those "ingrate" poor folks pay, you also eliminate that same amount of deduction for your average middle class family, which will not actually make up for it with the small tax cut at the top...But the media will go on saying it will go from 28% to 25% for the middle class, and most won't even notice that for the 3% cut on their last 15K of income (round numbers for a 30K worker, not meant to be exact based on current tax code) they will now be paying 10% more on the first 15K...

    And that's before they eliminate middle class deductions under the guise of making taxes more "equitable"

  •  Ads that illuminate these issues (2+ / 0-)
    Recommended by:
    eps62, cybersaur

    could put Obama way ahead in the race (maybe today's poll is a leading indicator?) and would probably make the Dems a favorite to retain the Senate and take back the House.

    Alternative rock with something to say:

    by khyber900 on Wed Jun 20, 2012 at 12:10:49 PM PDT

  •  Doesn't the Ryan Budget (0+ / 0-)

    run afoul of the American Roman Catholic Bishops?

    Guess their eminences are too busy trying to stop gay marriage.

    rc bishops have no time to comment on this.

    Their tax exempt privileges should still be revoked.

    " makes [Mitt] Grover's Rover. Grover says fetch; Mitt fetches. Grover says beg; Mitt begs." Chris Matthews

    by wild hair on Wed Jun 20, 2012 at 12:11:01 PM PDT

  •  democrats are just dumb (0+ / 0-)

    Why aren't they on TV screaming this nonstop for the next 5 months. I guess the problem is they are in the pocket of the super rich almost as badly as republicans.
    The hilarious thing is republicans are so good at getting people to pick their own pocket.

  •  VP (0+ / 0-)

    Oh Mittens, puh-lease pick Paul "Ayn" Ryan as your running mate!

    "Well Clarice, have the lambs stopped screaming?"

    by buffie on Wed Jun 20, 2012 at 12:20:45 PM PDT

  •  oh so.. (0+ / 0-)

    not the "Hedge Fund" Loopholes...

  •  Socialist programs even GOP enjoys in hush hush... (0+ / 0-)
    Because that would mean a loss of $4.5 trillion in revenue over the next decade, Ryan says he'd make this plan revenue neutral. That would have to mean closing loopholes. Loopholes that help middle class tax payers. Like the mortgage interest deduction and the tax exclusion on employer health benefits. It would also probably require taxing 401(k) contributions.

    You know America is a funny place. We hate socialism just as we love it. There is no argument about the popularity of of SS, Medicare, Medicaid, Interest Mortgage deduction.
    It's perplexing that people don't even know that the government subsidizes their homes every yr.
    When you apply your Mortgage payments to you taxes and get a return of 3000K...wala!!, that is money the government  has just given you to subsidize your abode ( socialism 101),  and yet the GOPers and fundies love it. Huh?
    -The pathetic thing is some don't even know that the gop'ment just gave them money and to make up for that 3K, the gop'ment would then have to borrow..the same gop'ment they say they want to out of their lives.... talk of a dumb electorate....
    -and this is exactly why the GOP has been able to win in this nation and are counting on...some very very dump people..

    "When fascism comes to America, it will be wrapped in a flag and carrying a cross." Sinclair Lewis, 1935 --Talk of foresight--

    by tuma on Wed Jun 20, 2012 at 12:24:56 PM PDT

  •  in other words, (1+ / 0-)
    Recommended by:

    those already doing ten times better than you (at 100k) would get a refund three times bigger than than you make.


    by theChild on Wed Jun 20, 2012 at 12:27:11 PM PDT

  •  Why isn't Obama and the Dems going (1+ / 0-)
    Recommended by:

    directly after the Romney/Ryan plan on both taxes AND Medicare ending plan?

    I would be hitting that drum every single day this Summer.

    President Obama, January 9, 2012: "Change is hard, but it is possible. I've Seen it. I've Lived it."

    by Drdemocrat on Wed Jun 20, 2012 at 12:40:20 PM PDT

  •  Sometimes (0+ / 0-)

    I just want to punch these M-effers! Why do folks who think they way they do want to hurt people who are already hurting? I cannot stand these b#&$*rds, and I'm trying to get every fellow Veteran I know, to participate in removing the unfit Rethuglicans from office, as well as those unfit DINO's. Now, where's my glass of Glenlivet?

    "May today be as great as yesterday, and tomorrow be greater than both!" Author, Sharon B.

    by secret38b on Wed Jun 20, 2012 at 12:48:48 PM PDT

  •  My diaries about this from January (0+ / 0-)

    "We don't need someone who can think. We need someone with enough digits to hold a pen." ~ Grover Norquist

    by Lefty Coaster on Wed Jun 20, 2012 at 12:52:16 PM PDT

  •  Just like W. Non-rich income fell even before 07 (0+ / 0-)

    under his policies. (By $ 2000 grand per is what i remember reading.)  And the rich.. made out like bandits, of course.

    B/c that's how they were designed to work.

    And they created a depression. B/c that's inevitably what happens when you shift large sums from those who spend in the US economy to those who don't need to spend anymore money there.  

    And rMoney/Ryan will do exactly the same things.

    What could go wrong?  If your rich.

  •  national review racism (0+ / 0-)

    from DOJ website. at least until 2005 when they stopped keeping the stats it appears that blacks in the USA are more murderous then other races.
    Homicide Offending Rates per 100,000 Population by Race
              White     Black     Other
    1976           4.9     46.6     4.6
    1977           5.1     44.4     4.8
    1978           5.3     44.6     3.7
    1979           5.8     47.7     5.0
    1980           6.4     51.5     6.9
    1981           6.0     45.9     6.3
    1982           5.6     41.2     6.4
    1983           5.3     36.3     6.2
    1984           5.3     33.1     5.3
    1985           5.1     34.0     5.8
    1986           5.3     37.9     6.0
    1987           5.2     36.6     5.0
    1988           4.9     41.2     4.5
    1989           5.1     42.0     4.7
    1990           5.6     46.6     4.2
    1991           5.6     51.4     5.4
    1992           5.2     47.0     5.7
    1993           5.2     49.2     5.6
    1994           5.1     45.4     5.1
    1995           4.9     39.3     5.4
    1996           4.5     35.9     4.8
    1997           4.1     32.2     4.5
    1998           4.2     27.8     3.9
    1999           3.6     25.4     3.9
    2000           3.5     25.6     3.3
    2001           3.5     25.6     3.0
    2002           3.6     25.0     2.9
    2003           3.5     25.3     3.4
    2004           3.6     24.1     2.7
    2005           3.5     26.5     2.8

  •  Paul Ryan is mentally DERANGED. A Sick Twisted (0+ / 0-)

    Cretin who has no business living among decent human beings.

    "All the property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of: But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it."

     ~ Benjamin Franklin, letter to Robert Morris, December 25, 1783

    Where the HELL are our bold leaders today, calling out these SCUM in those kind of MORAL terms?


    Where is our leadership???

    Stop the party of Gut & Spend policies that gut our Earned Benefits programs like Social Security and Medicare and spends on tax breaks for the wealthy elite.

    by jillwklausen on Wed Jun 20, 2012 at 01:47:51 PM PDT

  •  Here's the problem (0+ / 0-)

    tell any republican that 'the republicans want the middle class to pay for the rich's tax cuts'

     their response?  

     'then the government needs to stop spending so that there is no need to make the middle class pay for their tax cuts'.

    tour biggest problem is a corrupt government that NEITHER taxes or spends responsibly.

    What's the point in fighting for a tax raise on the wealthy when the government won't even spend any new tax increases responsibly?

  •  Why don't we start calling it Feudalism? (0+ / 0-)

    They call everything we do Socialism. Why don't we call their plans Feudalism. The Dark Ages.

    It has the added benefit of being true.

  •  What middle class? (0+ / 0-)

    Those who forget the pasta are doomed to reheat it.

    by CarolinNJ on Wed Jun 20, 2012 at 06:07:35 PM PDT

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