Shocking, I know:
Yesterday, the Republican leadership in the U.S. House of Representatives released the outlines of a tax and spending plan that they argue is a more fiscally responsible alternative to the budget outline proposed by President Obama and the similar budget resolutions working their way through the House and Senate.
Comparing the income tax proposals in the House GOP plan to the income tax proposals in the President’s plan, we find that:
- Over a fourth of taxpayers, mostly low-income families, would pay more in taxes under the House GOP plan than they would under the President’s plan.
- The richest one percent of taxpayers would pay $100,000 less, on average, under the House GOP plan than they would under the President’s plan.
- The income tax proposals in the House GOP plan, which is presented as a fiscally responsible alternative to the President’s plan, would cost over $300 billion more than the Obama income tax cuts in 2011 alone.
The Citizens For Tax Justice has the complete breakdown, including a great comparison with Obama's budget plan.
The Republican's pathetic budget "alternative" might be a running joke by now, but's no laughing matter for the American people.
Forgive my french, but were these asshats really in charge for the last 8 years?