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Paul Ryan Releases Plan to Balance the Budget Within 10 Years

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)

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