So far, I’ve focused most of my attention on Paul Ryan’s proposed cuts to Medicaid and Medicare, but it’s worth noting the extent to which the “Path to Prosperity” provides sharp tax cuts for corporations and the rich. In addition to keeping the Bush tax cuts, Ryan’s plan would further lower the top marginal rate from 35 percent to 25 percent, and reduce corporate taxes. Put another way, Ryan’s plan is a straightforward attempt to redistribute wealth upward by severely cutting benefits for the poor and middle class.
In other news, according to a USA Today analysis, the rich have continued to get richer, and in a big way:
