So apparently Republican U.S. Rep. Paul Ryan of Wisconsin’s first Congressional district supports tax increases after all, so long as those tax increases target the middle class and not the rich:
Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama’s payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy. “It hasn’t worked,” Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.
He also said he opposes the president’s proposal to require millionaires to pay the same tax rate as the middle class, known as the Buffett plan. “Class warfare might make for good politics, but it makes for rotten economics,” Ryan said…
So let’s recap.
According to Paul Ryan, letting temporary income tax cuts lapse that primarily benefit the wealthy constitutes “class warfare,” “rotten economics,” and a “tax increase,” while allowing temporary payroll tax cuts lapse that primarily benefit the poor and middle classes is hat’s just getting rid of a policy that “hasn’t worked.”
So in other words, if you’re among the top one percent of income earners in the United States, Paul Ryan is looking out for you, but if you’re poor or in the middle class, Paul Ryan could care less about you financial struggles.