"CHART: House GOP Budget Cuts Taxes For The Rich, Raises Taxes On The Poor"
As ThinkProgress has detailed, the House Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), pays for massive tax cuts for the wealthiest Americans by cutting spending from programs that primarily benefit lower-income Americans. While giving an average of $187,000 to each millionaire, the budget finds 62 percent of its cuts from programs that benefit the lower- and middle-classes, kicking millions off of food stamps, gutting Pell Grants, and slashing Medicare and Medicaid.
As if that weren’t enough, according to a report from the Center on Budget and Policy Priorities, the budget also raises taxes for low-income Americans:
The Urban-Brookings Tax Policy Center has published new numbers that show the Ryan plan would raise taxes on low-income working families — those making up to $30,000 a year. That’s because, while he would extend the Bush tax cuts, which are due to expire at the end of this year, he would not extend President Obama’s tax cuts for those with the lowest incomes, which will expire at the same time. Our updated report gives the details.
Ryan is, of course, taking up a fight Republicans have been waging for most of the last year. For instance, while working to ensure that the rich won’t face any tax increases any time soon, the GOP tried to block extension of a payroll tax cut, which primarily benefits the middle class, before finally relenting early this year. The GOP has also pushed the myth that nearly half of Americans don’t pay taxes in order to distort debates about tax fairness.
A majority of the Republican caucus has signed onto the radical anti-tax pledge authored by Americans for Tax Reform head Grover Norquist, assuring Americans that they would not raise taxes under any circumstance. But as their budget makes clear, Republicans do indeed support raising taxes in their quest to balance the budget, as long as those tax increases only hit the Americans who can afford them least.