The Republican party stands for one thing…tax breaks for millionaires.  In addition to the $265k average annual tax cut that the Ryan plan is offering to anyone making more than $1 million a year…when factoring in the Bush tax cuts for the rich – we’re talking about a total of $400k a year in tax cuts for someone making $1 million a year.

Some people like to parrot this notion that both parties are the same, but that’s a horribly ridiculous statement.  There is no Democrat proposing anything remotely close to this…and less than a handful would vote for such a plan in the first place.  This House Republican proposal gives tax cuts for millionaires in order to pay for deep cuts to Medicare and Social Security.  That IS CLASS WARFARE; this is not a fucking test.

The Center on Budget and Policy Priorities does the math:

A new TPC analysis finds that people with incomes above $1 million would receive a $265,000 average annual tax cut just from the new Ryan proposals (i.e., not counting what they would also receive from extension of the Bush tax cuts).  Middle-income taxpayers — those with incomes between $50,000 and $75,000 — would receive $1,045, on average.

Underscoring how tilted the proposal is toward the top, the TPC figures show that people making more than $1 million a year would receive 37 percent of the new Ryan tax cuts even though they constitute less than one-half of one percent of U.S. households.

Combined, the Bush and Ryan tax cuts would provide an annual windfall of nearly $400,000 apiece, on average, to people with incomes over $1 million (see Figure 3).  For these people, their tax cuts would be eight times the average total after-tax incomes of people in the middle 20 percent of the income scale.

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