I Prefer Paul Ryan's Vision for America
Conservative Congressman Puts Forward a Responsible Budget
By Bluey Posted in Congress | Featured Stories — Comments (3) / Email this page » / Leave a comment »
House Republicans have put together their fiscal 2008 budget proposal -- an alternative to the one introduced by Democrats that includes largest tax increase in U.S. history. The Republican plan was crafted by conservative Rep. Paul Ryan of Wisconsin. Here are some details:
• Balance by 2012, Without Raising Taxes. Retains 2001/2003 provisions; provides for one-year extensions of alternative minimum tax [AMT] relief, the State and local sales tax deduction, and the research and experimentation [R&E] tax credit.
• Annually Appropriated Spending: $1,079.6 billion in fiscal year 2008, $5,079.8 billion over 5 years.
- National Defense, and the War on Terrorism. Defense discretionary spending equals the President’s request for 2008 and 2009 – including funds for overseas operations in Iraq and Afghanistan.
- Nondefense Discretionary. Annually appropriated nondefense spending totals $433.9 billion in 2008, essentially a freeze at the 2007 level (excluding emergencies). Within this amount, the budget accommodates priority increases above the freeze for Homeland Security, Veterans’ Health Care, National Institutes of Health, Community Development Block Grants, and Science and
Technology.• Entitlement Reform. Following on the Deficit Reduction Act of 2005, the budget calls for continued reforms to make the government’s major entitlements more responsive, flexible, and sustainable – and in the process saves $279 billion over 5 years. This contrasts with the Democrat budget, which puts off reform for at least 5 years despite repeated warnings of the unsustainability of entitlements as currently structured.
• General Budget Enforcement: Includes emergency set-aside, Legislative Line Item Veto, PAYGO for spending only, and discretionary spending caps.
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I Prefer Paul Ryan's Vision for America 3 Comments (0 topical, 3 editorial, 0 hidden) Post a comment »
It would be helpful to expand the table presented in the document cited in the original table and specify how many of those taxes affect only those Americans who make a very high amount of money.
Gosh, I wonder why such proposals weren't pushed when Republicans controlled Congress?
Advancing the status of unborn human beings one or more persons at a time.
...to call Rep. Ryan my Congresscritter.
Now, for the bad news - none of this will see the light of day. If only the Pubbies had realized Ryan's brilliance 2 years ago, they might still have the House.