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The WSJ broke the Ryan Plan down like this:
Spending-- 40.1 Trillion vs Obama 46.9 Trillion over 10 years
Tax Revenue--37 Trillion vs 40 Trillion
Lower tax rates and tax brackets
Medicare will stay the same for those over 55 and an additional
Choice-Medicare Type Program privatly run with additional Medicare type
plan to offer additional assistance for the poor.
Medicade made into a Federal Block Grant Program freeing States to tailor their
Prorgrams.
Individual Taxes- two tax rates %10 and %25 and includes removing loop holes
Corporate Taxes- lower top corporation from %35 to %25 while gutting exemptions
Reduce Defecit to %3 of GDP by 2014. Currently is %7.8 of GDP
Tax revenues would lag behind spending during a 10 year window.
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