The real contrast in Paul Ryan's budget is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor.
House Budget Committee Chairman Paul Ryan (R-WI) released a fiscal plan that promises trillions of dollars in tax cuts and a nearly balanced budget within a decade, but never says how he'd get there.
In their calls for tax reform, Republican Paul Ryan and Democrat Kent Conrad have a lot in common. But the question over tax revenues continues to drive the two sides apart.
Rep. Paul Ryan (R) of Wisconsin believes a European-style debt crisis faces the United States if it doesn't clean up its financial situation.
Rep. Paul Ryan (R) of Wisconsin said Thursday that the GOP needs an election that carries a mandate. In Ryan's view, Mitt Romney has offered a positive agenda for fixing the nation.