Wednesday, March 21, 2012

The Republican Budget

Let's compare the Republican budget proposal compared to the progressive budget in the last post. From Robert Reich's Huff Post article dated today:

"The real contrast is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor.  Seniors would get subsidies to buy private health insurance or Medicare -- but the subsidies would be capped. So as medical costs increased, seniors would fall further and further behind. Other cuts would come out of food stamps, Pell grants to offset the college tuition of kids from poor families, and scores of other programs that now help middle-income and the poor."

See the article for the rest. Which plan do you prefer?

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