As the Center on Budget and Policy Priorities explained today, the roadmap "calls for radical policy changes that would result in a massive transfer of resources from the broad majority of Americans to the nation's wealthiest individuals."
The Roadmap would give the most affluent households a new round of very large, costly tax cuts by reducing income tax rates on high-income households; eliminating income taxes on capital gains, dividends, and interest; and abolishing the corporate income tax, the estate tax, and the alternative minimum tax.
At the same time, the Ryan plan would raise taxes for most middle-income families, privatize a substantial portion of Social Security, eliminate the tax exclusion for employer-sponsored health insurance, end traditional Medicare and most of Medicaid, and terminate the Children's Health Insurance Program. The plan would replace these health programs with a system of vouchers whose value would erode over time and thus would purchase health insurance that would cover fewer health care services as the years went by.
An analysis by the Urban Institute-Brookings Institution Tax Policy Center found that the richest 1% of Americans -- those making more than $633,000 a year -- would find their tax burden cut in half in 2014. The more one makes, the bigger the cut -- millionaires who Republicans have already taken good care of would find their taxes cut even more dramatically, by hundreds of thousands of dollars.
The congressional Republicans are simply declaring all-out war on America's vast middle class. The Radical Right is cozying up to the richest and most powerful in an even more shameless and blatant manner. And all of this won't even have an effect on the nation's indebtedness for years and years to come, if ever.
Spread the word. Spread this post. Get some action going on this. If the Democrats can take the offensive on this, maybe 2010 might not be so rough of an election year after all.