Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Obama's Histrionic Hypercriticism of Paul Ryan's Budget
ATR ^ | 2012-04-03 | Hugh Johnson

Posted on 04/04/2012 12:05:40 PM PDT by 92nina

President Obama was hypercritical of Paul Ryan’s budget today, claiming that it is “thinly veiled social Darwinism.”

We decided to take another look at Rep. Ryan’s budget and compare it against the President’s plan to tax his way out of a spending hole.

President Obama's Plan

Paul Ryan's Budget

President Obama claimed in his speech today that the Ryan Budget, “Would increase health care costs and shift the burden to America's seniors.”

The Ryan Budget repeals Obamacare tax hikes by eliminating the entire Obamacare law.  This includes repealing the 20 new or higher taxes which have taken or are about to take effect from that law.

In his speech the President called Rep. Ryan’s budget, “radical.”  Furthermore, the President’s big-government budget and his Simpson-Bowles commission want to fix the government’s spending problem by raising taxes calling for a long-range revenue target of over 20 percent of GDP.

Rep. Ryan’s proposal is revenue neutral.  The budget calls for the House Ways and Means Committee to produce a tax reform package with a tax revenue target of between 18 and 19 percent of GDP.  This is in line with historical revenue figures and hardly radical.

The President renewed calls for a “Buffet Rule” to increase taxes on wealthy earners.  Additionally, the President’s budget plan keeps taxes the same for all Americans, increases the top rate to 39.6 percent, increases the AMT and raises taxes on capital gains and dividend.

The Ryan budget is a no tax hikes budget.  Paul Ryan’s budget reforms the individual income tax code eliminating loopholes and reducing taxes into two simple brackets: 10 percent and 25 percent.

The President has previously proposed to tax small business profits at 43 percent.

Lowers tax rates on small businesses to 25 percent.  It also lowers the federal income tax rate on larger corporate employers from 35 percent (the highest in the developed world) to 25 percent (closer to the developed nation average).  While this is a start, ATR believes the rate must fall to 20 percent or less.

A version of the President’s budget plan received a grand total of no support in the House failing to pass 414-0.

We’d like to compare Rep. Ryan’s budget to the Senate’s budget, but Harry Reid hasn’t passed one in over 1,070 days.

Read more: http://www.atr.org/obamas-histrionic-hypercriticism-paul-ryans-budget-a6828#ixzz1r6EoeqDY


TOPICS: Government; Politics; Reference; Society
KEYWORDS: 2012; bho44; bhofascism; congress; democrats; nobama2012; obama
Comparing President Obama's not so thinly veiled socialist budget with Rep. Paul Ryan's recent budget proposal.

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at Digg and at Reddit and in Stumbleupon and Delicious

1 posted on 04/04/2012 12:05:54 PM PDT by 92nina
[ Post Reply | Private Reply | View Replies]

To: 92nina
How many days are we overdue for a budget.
2 posted on 04/04/2012 12:15:12 PM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mountainlion

It is over 1000 (believe it is up to about 1050) days.....


3 posted on 04/04/2012 12:21:33 PM PDT by kevinm13 (Tim Geithner is a tax cheat. Manmade "Global Warming" is a HOAX!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: mountainlion

0b0z0 is operating now for three and a quarter years and his loaded Senate has yet to even pass one budget . What a friggin creep he is to ridicule anyone’s attempt at a budget . Even his own party will not pass his budget submittal .


4 posted on 04/04/2012 12:22:15 PM PDT by Lionheartusa1 (-: Socialism is the equal distribution of misery :-)
[ Post Reply | Private Reply | To 2 | View Replies]

To: 92nina

Here’s a video of Ryan taking on Obama’s points:
http://www.freerepublic.com/focus/f-news/2868148/posts


5 posted on 04/04/2012 12:48:41 PM PDT by Ooh-Ah
[ Post Reply | Private Reply | To 1 | View Replies]

To: mountainlion

Senate hasn’t passed a budget in 1,071 days I think?


6 posted on 04/04/2012 2:10:11 PM PDT by 92nina
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson