In Which Paul Ryan Steps On A Rake

Hiway-to-Hell

He makes it almost too easy:

Ryan has found himself caught between his career-long obsession with cutting taxes for the rich and the problem of what happens to the revenue that would be lost. During the 2012 campaign, he swept aside the problem by couching his plan as “tax reform,” promising not to cut taxes for the rich. Ryan’s new plan is just to go ahead and cut taxes.

He tells Klein, “Those of us who live in the tax system want to lower everybody’s tax rates.” If you lower everybody’s tax rates, then everybody will be paying less in taxes, and then the government will have less revenue, right? That’s where Ryan’s solution comes in: He plans to press the government budget agencies to adopt the optimistic assumption he prefers, which is that cutting tax rates for the rich creates faster economic growth. Ryan spent much of the Bush years assailing what he called “static scoring,” which is the standard budget practice of measuring the fiscal impact of tax cuts as if they do not contain magic pixie dust.

As Danny Vinick has noticed, Ryan has announced his intention to change the rules. Ryan reaffirmed that plan in his interview with Klein: “I’d like to improve our scorekeeping so it better reflects reality,” he said. “Reality” is Ryan’s description for a world in which Bill Clinton’s punishing tax hikes on the rich hindered the economy, which was restored to health when George W. Bush cut taxes.

Why is it too easy: well, it’s been done. A Red State did this, and because states have to balance their yearly budgets… Let’s look at Kansas

In 2012, Kansas governor Sam Brownback signed a massive tax cut into law, arguing that it would boost the state’s economy. Eventually, he hoped to eliminate individual income taxes entirely. “Our place, Kansas, will show the path, the difficult path, for America to go in these troubled times,” he said.

National conservative activists raved. Patrick Gleason of Americans for Tax Reform said Kansas was “the story of the next decade.” The Cato Institute praised Brownback’s “impressive” tax cuts and gave him an “A” on fiscal policy. And the Weekly Standard’s Bill Kristol said that, if reelected, Brownback would be “a formidable presidential possibility.”

Yet though Brownback is running for reelection this fall in a deep red state, he’s trailed his Democratic challenger in 3 of the 4 most recent polls — and his marquee tax cut appears to be the main reason. Kansas is now hundreds of millions of dollars short in revenue collection, its job growth has lagged the rest of the nation, and Moody’s has cut the state’s bond rating. “Governor Brownback came in here with an agenda to reduce the size of government, reduce taxes, and create a great economic boom,” says University of Kansas professor Burdett Loomis. “Now there’s been a dramatic decline in revenues, no great increase in economic activity, and we’ve got red ink until the cows come home.”

We keep saying it: Paul Ryan is a fraud, and probably the most disingenuous person holding elective office. Everything he says should be fact-checked, including “um,” and “the.”

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3 Responses to In Which Paul Ryan Steps On A Rake

  1. C Montgomery Burns says:

    There’s that Kansas and the lack of Braaaains-Goat Race thing again.
    Or is that…still.

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  2. Daddy Bear says:

    “that…still” is apparently what those politicians have been drinking from!
    😛

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  3. Dimitrios says:

    Give a poor man a tax break and he will spend it on something his family needs that they have been doing without. Give a rich man a tax break and he will bury it in T-bills or lose it playing Three-Card Monte with some Bankster on Wall Street – always assuming he isn’t a Bankster on Wall Street, himself.

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