Paul Ryan's Tax Plan Was Designed With The Rich In Mind

House Speaker Paul Ryan (R-WI) has been rolling out his “Better Way” agenda, a slate of proposals meant to offer new ideas from the Republican Party to benefit the country, over a number of weeks. The final plank was a tax plan full of recycled conservative ideas.

And now two analyses show that no matter how one looks at it, the package of tax reforms would overwhelmingly help the wealthy the most and leave little for everyone else.

The first analysis from Citizens for Tax Justice (CTJ), a left-leaning think tank, found that the top 1 percent of American earners make off with the biggest tax cut by far. Those in this rarified slice of the income scale would see an 8 percent increase in their after-tax income if the House Republicans’ tax plan were implemented, or an average of an extra $137,780 each. That represents a 60 percent cut of all the benefits the Republicans offer to individuals.

The poorest 20 percent of the country, on the other hand, would see income increase by just 0.7 percent, or $107. The middle class fares no better, with the middle 20 percent getting just a 1.5 percent bump, or $753. No group, under CTJ’s analysis, would get a more than 1.5 percent increase except for the top 1 percent....
http://thinkprogress.org/economy/2016/07/06/3795732/ryan-tax-plan-analysis/