One way to read Rep. Paul Ryan’s budget is not as a collection of individual policies, but as a simple positioning statement: On fiscal matters, the Republican party would like to be most everything that President Obama is not.
Ryan’s budget plan defunds ObamaCare, attempts to balance the budget in 10 years, converts Medicare into a premium support system, and block grants Medicaid. It calls for reducing the corporate income tax rate and, in the long term, aims to convert the individual income tax to a two–tier system with just two tax brackets, 10 and 25 percent.
Source: Reason. Read full article. (link)