Tuesday, March 19, 2013

Paul Ryan Budget Hikes Taxes For Middle Class: Study - Business Insider


Paul Ryan Budget Hikes Taxes For Middle Class: Study - Business Insider: "The CBBP followed up on a study released Friday by the Tax Policy Center, which concluded that Ryan's budget would add $5.7 trillion to the deficit. The Tax Policy Center also suggested that Ryan's budget presented the same problem as Republican presidential nominee Mitt Romney's tax plan during the campaign. It found that the Ryan plan could not both trim the deficit and enact sweeping tax cuts on all income groups.
The CBBP's report, meanwhile, goes further on the TPC's implication and flatly states that Ryan's plan budget could not close the $5.7 trillion gap without a massive tax hike for middle-income earners."

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