For Immediate Release
Paul Ryan Still Missing the Point: "Lowering tax rates does not create jobs. Period."
WASHINGTON - Today, Speaker of the House Paul Ryan gave his first major speech on tax reform while at the NAM 2017 Summit. One thing was clear from this address: Ryan will continue to go to any lengths to pass off tax cuts for the wealthy as pro-growth legislation that would help Americans. Chair Morris Pearl sounded off this afternoon, saying:
Does Representative Ryan have constituents in Wisconsin who are entrepreneurs, but who said: “If I am really successful and make it to the top tax bracket, I will only get to keep 65% of the profits -- so I would rather not bother making any money at all”? I have yet to meet that business person.
What budding young entrepreneurs need is the social safety net in place, so that they can leave their nine-to-five jobs and start a new business in their garages (or in their local coffee shops) and not have to worry about their families going without health insurance.
SCROLL TO CONTINUE WITH CONTENT
The Stakes Have Never Been Higher.
The nonprofit, independent journalism of Common Dreams needs your help. Our journalists are working harder than ever to bring you journalism that is essential to the survival of our democracy. But we can't do it without you. Please support our 2020 Mid-Year Campaign today:
Let me make this clear: lowering tax rates does not create jobs. Period. Lowering tax rates just makes the one percent even richer. If someone has a profitable idea, the United States of America is the best country in which to make a lot of money, and 65% of a lot of money is still a lot of money. If it is not a profitable idea, lowering tax rates to zero won’t help.
The Patriotic Millionaires believe it is time for Ryan to go back to the drawing board with tax reform.
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Please select a donation method: