March 25, 2010


Can This Man Save the GOP? (Mark McKinnon, 3/25/10, Daily Beast)

Ryan fans describe him as Jack Kemp on steroids. He believes that unbridled individual initiative, innovation, and industriousness lead to competitive advantage and national greatness.

Ryan outlined bold and muscular policy prescriptions for America’s most pressing problems in his “Roadmap for America’s Future." Among the things his plan would do:

• Simplify the tax code: 10 percent of incomes up to $100,000 for joint filers and $50,000. for single filers; 25 percent on higher incomes (or you can continue to pay under current system). No deductions.

• Eliminate taxes on interest, capital gains, dividends and death.

• Preserve Medicare and Social Security benefits for anyone currently 55 or older, but replace Medicare benefits for people under 55 with a voucher that would average $11,000 a year that people could use to buy private insurance.

• Achieve universal access to affordable health care with guaranteed refundable tax credits ($2,300 for individuals, $5,700 for families) for portable coverage in any state.

• Allow workers 55 and under to invest more than one-third of Social Security taxes in personal retirement accounts.

• Raise the retirement age. Finally, we’ve got a politician bold enough to propose this obvious solution.

Here’s how Ryan characterizes the health-care debate:

“The true shame of this debate is that there are real problems in health care that need to be fixed. Almost a year ago, I introduced the Patients' Choice Act to fix what's broken in health care, without breaking what's working. I've spoken with Wisconsinites for years about patient-centered reforms that would make possible universal access to quality, affordable health care with the patient and the doctor—not the government or insurance companies—as the nucleus of the health-care market. These alternatives were ignored by Democratic leaders in Washington—and the concerns from Wisconsinites and an engaged American public were dismissed by Washington's political class."

While a simplified tax is preferable to the current system, a consumption tax is even better and health insurance needs to be mandated, with folks pushed into HSAs.

Posted by Orrin Judd at March 25, 2010 5:43 AM
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