Having successfully rammed through tax legislation that massively rewards America\u0026#039;s billionaires—including his long-time patrons Charles and David Koch—and sets the stage for his ultimate goal of obliterating the safety net, House Speaker Paul Ryan (R-Wis.) is reportedly set to tell his staff on Wednesday that he will not run for reelection in 2018.First reported by Jonathan Swan of Axios and confirmed by numerous other outlets, the news comes after rumors had been swirling for months about Ryan\u0026#039;s possible retirement from Congress. It also comes as a popular progressive candidate—Randy Bryce, aka \u0022The Iron Stache\u0022—is quickly gaining steam, outraising the corporate-funded Ryan by nearly $2 million in the first three months of 2018.We outraised @SpeakerRyan in the first 3 months of 2018 by $1.75 million! Incredible! And unlike Ryan, we aren\u0026#039;t taking corporate PAC money or cashing $500,000 checks from the Kochs. Help beat Paul Ryan where it matters most - at the ballot box: https://t.co/tHrhXZkapN— Randy Bryce (@IronStache) April 11, 2018\u0022House Republicans were already in very tough spot for midterms, with many endangered members and the good chance that Democrats will win the majority,\u0022 Swan noted in his report on Wednesday. \u0022Friends say that after Ryan passed tax reform, his longtime dream, he was ready to step out of a job that has become endlessly frustrating, in part because of President Trump.\u0022In his last tweet before reports emerged that he is retiring from Congress, Ryan celebrated President Donald Trump\u0026#039;s executive order on Wednesday that calls for more punitive work requirements for recipients of Medicaid, food stamps, and public housing assistance—an plan Republicans have celebrated as \u0022Welfare Reform 2.0.\u0022Reacting to the new reports on Wednesday, The Nation\u0026#039;s John Nichols argued that Ryan\u0026#039;s retirement \u0022would be a devastating blow for congressional Republicans.\u0022\u0022Ryan would not merely be giving up on his own profound ambitions, he would be giving up on the notion that the party he’s devoted his career to remains functional,\u0022 Nichols concluded.