1. 8/21/12
Paul
Ryan’s
tax
plan
in
7
simple
slides
As
passed
by
the
US
House
of
Representa@ves
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
These
are
the
US
income
tax
brackets
40%
35%
30%
25%
20%
15%
10%
5%
0%
Less
income
More
income
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
1

2. 8/21/12
Ryan’s
budget
collapses
6
brackets
into
2
(It
doesn’t
say
what
$
level
the
brackets
are)
40%
35%
30%
25%
20%
15%
10%
5%
0%
Less
income
More
income
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
Compare
the
two
40%
35%
Current
brackets
30%
25%
20%
Ryan’s
brackets
15%
10%
5%
0%
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
2

3. 8/21/12
In
Ryan’s
plan,
three
brackets
at
the
top
pay
less;
one
near
the
boQom
pays
less
40%
35%
30%
25%
20%
15%
10%
5%
0%
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
That
means
much
less
revenue
is
collected,
and
big
breaks
for
the
wealthiest
So
he
promises
to
close
loopholes
and
exemp@ons
that
mainly
the
rich
use
Paul
Ryan,
interviewed
by
Bob
Schieffer
of
CBS
for
60
Minutes,
Aug.
12,
2012
“Take
away
the
tax
shelters
that
are
uniquely
enjoyed
by
people
in
top
tax
brackets
so
they
can’t
shelter
as
much
money
from
taxa@on
and
so
we
can
lower
tax
rates
for
everybody
to
make
America
more
compe@@ve.”
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
3

4. 8/21/12
But
it’s
an
empty
promise:
The
Ryan
budget
eliminates
no
loopholes
and
he
won’t
offer
any
details
Ques@on
by
Brit
Hume,
Fox
News,
Aug.
14,
2012:
What
loopholes
and
deduc3ons
would
be
eliminated?
Answer
by
Paul
Ryan:
“That
is
something
we
should
do
in
the
light
of
day
through
Congress.”
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
What
are
we
le
with?
A
budget
that
slashes
revenue,
forcing
cuts
“Ryan’s
budget,
recall,
would
raise
$2
trillion
less
in
tax
revenue
over
the
next
decade
than
President
Obama’s
budget.
Ryan’s
plan
would
also
spend
$5.3
trillion
less
over
that
@me.”
Ezra
Klein,
Washington
Post
Aug.
12,
2012
Tax
Fairness
WI
-­‐-­‐
www.taxfairnesswi.org
4