http://www.dailykos.com/story/2015/02/05/1362530/-Paul-Ryan-s-first-tax-package-adds-nearly-100-billion-to-the-nbsp-deficit?detail=email
Now that he's freed from having to come up with actual budgets that are supposed to add up, Rep. Paul Ryan is free to do what he really loves—create tax breaks for the wealthy. He's moved from the House Budget Committee to Ways and Means, where he can propose all the tax cuts he wants. Blowing up the deficit isn't a problem anymore, because blowing up the deficit with these tax cuts also gives Republicans the rationale to hike middle class taxes and slash programs.
[I]n his first legislative act as head of the committee that will be central to expected tax reform efforts over the next two years, Ryan pushed through a package of seven tax cut bills that would add $93.5 billion to the deficit in the next decade.
The largest, a measure that lets small business write off expenses more quickly, would add $77 billion to the deficit.
Other measures would allow companies to inflate the value of food donations (including things like old Twinkies), make it easier to donate retirement savings, and conserve land, among other things. […]
"This Republican ploy selects almost $100 billion of favored tax provisions to benefit a small portion of taxpayers by borrowing more money from abroad," Rep. Lloyd Doggett (D-Texas) told The Huffington Post as the hearing wound down. "Their package eliminates enough revenue to fund life-saving medical research through the National Institutes for Health for more than two years. Instead of a bipartisan commitment to comprehensive tax reform, they continue on a partisan path to promote the privileged."
The problem now is that making all of these cuts permanent and enshrining them in the tax code will give Republicans more ammunition to target other tax cuts that primarily help lower and middle income people. And the rationale for doing that, of course, will be the deficit. Funny how it always works out that way with Republicans, isn't it?
i think i may have mentioned before they put the same guy who's bogus budget voucher plan was rejected and presto chango move this to that and there to here and voila this time he made provisions for the poor and hungry and those with a sweet tooth, scrape the mold off old twinkies that is so republican of him. the plans will always benefit the right wing once you get through the thin layer of mustard and mayo and get to the meat is grade A republican. well this one will go the way of the other plan and the dodo bird.
