$1.5 trillion in tax increases, the bulk of it on the wealthy:
Democrats talk about having millionaires pay their "fair share" -- Republicans talk about "class warfare."
That's the term Rep. Paul Ryan, R-Wis., used to describe President Obama's proposed "Buffett Rule," which would set a higher tax rate for millionaires.
"Class warfare might make for good politics, but it makes for bad economics," Ryan said on Fox News Sunday.
Ryan said higher taxes -- part of the debt reduction plan Obama plans to roll out Monday morning -- will hurt job creators and create further uncertainty in the economy.
"Class warfare"? Ryan himself is a class warrior–but for the wealthy. He put forth a plan to dramatically cut Medicare and Medicaid while reducing the top tax rate from 25% to 35%–a shift of wealth from the lower and middle classes to the rich. Ryan's plan would also double seniors' health care expenses. He defends tax cuts for the wealthy, which result in cuts to education, health, energy and jobs programs and have added around $2 trillion to the national debt over 10 years. Ryan isn't for all tax cuts, however; he's opposed to payroll tax cuts for the middle class.
"Job creators"? This is the same empty slogan used by House Majority Leader Eric Cantor in explaining his opposition to Obama's jobs bill. If tax cuts to the wealthy created jobs, how do we explain an unemployment rate of 9.1 percent (Aug. 2011)? Do Ryan, Cantor and the rest of the GOP really believe this snake oil they're peddling?