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Saturday, April 14, 2012

New Tax Cuts in Ryan Budget Would Give Millionaires $265,000 on Top of Bush Tax Cuts — Center on Budget and Policy Priorities

By combining large budget cuts (and tax increases) that disproportionately harm lower-income Americans with big tax cuts that disproportionately help those at the top of the income scale, the Ryan budget would significantly worsen inequality and increase poverty and hardship (and reduce opportunity as well, through deep cuts in programs such as Pell Grants to help low-income students afford college).

New Tax Cuts in Ryan Budget Would Give Millionaires $265,000 on Top of Bush Tax Cuts — Center on Budget and Policy Priorities