On the recordMarch 12, 2013
I'm very glad my good friend from California does have a way to illustrate all of these points. Not only does Ryan reduce the top rate from 39.6--that's how much the very richest would pay--to 25 percent, but you may say, well, but he's got a 10 percent rate essentially for everybody else. Well, if everybody else paid 10 percent and the very richest paid 25 percent, there would be little revenue for the Federal Government. So what we're saying about Medicare and Medicaid is this would mean that there would not be the revenue to fund them. And that seems to be his point: get so little revenue coming into the Federal Government that in and of itself that will mean you do not have to worry about cuts. You'll get rid of these programs that we have been building for 50 years.
