PAUL RYAN’S 7 TERRIBLE IDEASYesterday, the new Speaker of the...

PAUL RYAN’S 7 TERRIBLE IDEAS

Yesterday, the new Speaker of the House, Paul Ryan, summed up his House Republican
agenda – vowing to pursue legislation that would frame a stark choice for voters
in 2016.





“Our No. 1 goal for the next year
is to put together a complete alternative to the left’s agenda,” he said. 

Despite the speech’s sweeping oratory
and careful stagecraft, Ryan clings to seven dumb ideas that are also cropping up among
Republican presidential candidates. 

Here they are, and here’s why they’re dumb:

1. Reduce the top income-tax rate to 25% from the current
39%.  A terrible idea.  It’s a huge windfall to the rich at a time
when the rich already take home a larger share of total income that at any time
since the 1920s.

2. Cut corporate taxes to 25% from the current 35%. 
Another bad idea.  A giant sop to corporations, the largest of which are
already socking away $2.1 trillion in foreign tax shelters.

3. Slash spending on domestic programs like food stamps and
education for poor districts.  What?!  Already 22% of the nation’s
children are in poverty; these cuts would only make things worse.

4. Turn Medicaid and other federal programs for the poor into
block grants for the states, and let the states decide how to allocate
them.  In other words, give Republican state legislatures and governors
slush funds to do with as they wish.

5. Turn Medicare into
vouchers that don’t keep up with increases in healthcare costs.  In effect
cutting Medicare for the elderly.  Another awful idea.

6.  Deal with rising Social Security costs by raising the retirement
age for Social Security.  Bad!  This would make Social Security even
more regressive, since the poor don’t live nearly as long as the rich.

7. Finally, let the
minimum wage continue to decline as inflation eats it away.  Wrong
again.  Low wage workers need a higher minimum wage.

These 7 ideas will harm most Americans.  Ryan is
wrong.