Paul Ryan is back!
He says he can grow the economy and get to a balanced budget within 10 years.
The basic idea?
- Tax reform. Eliminating loopholes. Reducing the top rate significantly. He wants to get to just two tax brackets.
- Cutting discretionary spending. He proposes a hard cap on spending relative to GDP. He wants more spending block granted to states.
- He favors killing Obamacare, although as Phillip Klein notes, he assumes Obamacare's Medicare savings stay.
- Establishing his voucher-based alternative to Medicare.
Source: Business Insider. Read full article. (link)