Republicans and Democrats Both Want to Kill You!

Wednesday, March 21, 2012
By Paul Martin

By: PhilStockWorld
Market Oracle
Mar 21, 2012

What is happening to this country?

Robert Reich points out that, in announcing the Republicans’ new budget and tax plan Tuesday, House Budget Committee Chairman Paul Ryan said “We are sharpening the contrast between the path that we’re proposing and the path of debt and decline the president has placed us upon.” But the plan doesn’t do much to reduce the debt. Even by its own estimate the deficit would drop to $166 billion in 2018 and then begin growing again.

he real contrast is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor. “So what’s the guiding principle here?” asks Reich. “Pure social Darwinism. Reward the rich and cut off the help to anyone who needs it.

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