Paul Ryan "Path to Prosperity" a Home Run for Taxpayers [But We Need Loaded Bases First.]

ATR ^ | 2011-04-05 | Ryan Ellis

[92nina]

...Stopping Tax Increases on Families and Small Businesses

First, let's look at the level. Keeping taxes at 18-19 percent of GDP is what Americans have been paying for all of living memory. Raising this level would result in record and sustained tax hikes on families and small business owners. It should be the job of any budget to bring federal spending DOWN to the tax level, not bring the tax level UP to whatever level of spending Washington wants.

Three plans that fail in this regard are the Obama budget, the Simpson-Bowles commission report, and the "Gang of Six" rumors. All three of these agree on one thing: taxes are too low, and need to rise. All call for a tax level closer to 21 percent of GDP in order to pay for the massive spending explosion of the Bush-Obama years. This sustained level of taxation would be unprecedented in American history, and would almost certainly result in lower wages and higher unemployment.

Tax Reform without Raising Net Taxes

The "Path to Prosperity" stops all the tax increases baked into the cake over the next decade. All 21 new and higher taxes in Obamacare are repealed. Rather than seeing higher tax rates after 2012, the top rate will fall to 25 percent. The details will be fleshed out by House Ways and Means Committee Chairman Dave Camp (R-Mich.), but this outline for tax reform is powerful. When combined with a revenue target no higher than what Americans have been used to for the last 60 years, it's clear that this is the way to go.

To compare this reform plan with the three alternative plans described above...

Read more: http://www.atr.org/paul-ryan-path-prosperity-abr-home-a6017#ixzz1IxmCsKfY

[92nina]

One small step for members of Congress, one giant leap to fiscal sanity still necessary.

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

[Frantzie]

I think the USA beased on what happened in 2008 is too far down the path to a third world nation. Ryan is right but the percentage of responsible and somewhat intelligent citizens is has dropped to 20% of the populace. The idiots care more about freebies and American Idol.