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Paul Ryan Budget Proposal With Giveaways to the Rich and Corporations on Morning Joe.flv
 | Rep. Paul Ryan appeared on this Tuesday's Morning Joe and defended his latest terrible budget proposal which is more or less a repeat of the last one and that Republicans are apparently going to be willing to support again, despite the fact that once most Americans get a chance to take a good look at what he's proposing, reject the type of policies he's advocating for. Think Progress has done a good deal of fact checking on this and flagged this portion of Ryan's appearance on MSNBC -- Paul Ryan's Budget Includes $3 Trillion Giveaway To Corporations, The Rich: The budget unveiled by House Budget Committee Chairman Paul Ryan (R-WI) this morning includes substantial changes to the American tax code, both for corporations and individuals. Ryan's tax plan shrinks the number of income tax brackets from six to two, with marginal tax rates set at 10 percent and 25 percent. He repeals the Alternative Minimum Tax (AMT), slices the top corporate tax rate to 25 percent, and repeals all of the health care taxes contained in the Affordable Care Act. It also repeals the repatriation tax on profits corporations earn overseas then bring back to the United States. In all, those tax breaks amount to a $3 trillion giveaway to the richest Americans and corporations, according to the Tax Policy Center. Repealing the repatriation tax would add roughly $130 billion to that. This morning on MSNBC's Morning Joe, Ryan insisted that the plan would generate the same amount of revenue as the <b>...</b> | Views: 7  0 ratings |
| Time: 10:53 | More in News & Politics |
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