I wrote yesterday's Taxes post before Romney picked Paul Ryan as his running mate. And Ryan's plan has way more details than Romney's economic "directives" he's espoused so far. And with more details you see just how much the current Republican Party wants to give your money to rich people. Fuck the middle class. An Ayn Rand-ian wet nightmare. Here's the Paul Ryan plan for disaster in two quick paragraphs...
From the Atlantic:
Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain.
Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.
This is under Ryan's 2010 proposal. Ryan decided to muddy his proposal in its most recent iteration, but this is clearly Ryan's dream and Romney's as well. How can this be proposed? By destroying our social safety net and raising taxes on the 99%.