GOP: Obama Wants Top Tax Rate Near 45 Percent

Ad Feedback

Democrats have attacked Wisconsin Republican Rep. Paul Ryan's budget plan, saying it helps only the rich.

Senior White House advisor David Plouffe used the familiar liberal refrain that it "showers huge tax cuts on millionaires and billionaires paid for by seniors and veterans." 

Ryan countered that the budget represents a "sharp, clear difference" that will make America stronger economically.

"So, what we're saying is, clean up the past and have flatter, simpler, more competitive tax system," Ryan told Chris Wallace on "Fox News Sunday."

"And you have to remember, Chris, that eight out of ten businesses in America, they file their taxes as individuals. The president [is] saying he wants their top rate to go to high as 44.8 percent in January. You can't compete like that," he said.

The GOP budget aims to reduce the deficit by $3.1 trillion over the next decade with sweeping tax reforms, program cuts, and shifting oversight from the federal government to states.

Ryan said the Republican plan is the only alternative that effectively counters what he calls Obama's "path of debt and decline."

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.