POWIP Piece of Work In Progress – Former Abode of Dan Collins

Paul Ryan completely pw3ns Chris Van Hollen

On Fox News Sunday during a discussion of the compromise to extend the current tax rates.  In a nutshell, Van Hollen contends that the Republican are holding out on the estate tax, dare I say holding the middle class hostage,  in order to "give 25 billion dollars to 6,600 families".  In addition to repudiating that bit of misinformation (the CBO scores the cost difference between the Democrat's preferred estate tax rate and the one in the bill to be 7 billion dollars), he explains the inherent immorality and economic penalties to small businesses and family farmers of the death tax.

He also calls out the Democrats on their belief in class warfare, and calls for tax reform that involves lower rates and a broader base in order to get the economy going; very much like his Roadmap proposal.  Which, as an aside, would not only benefit the economy, but address the moral dilemma of the non-tax-paying 47% of the electorate's incentive to perpetually vote for politicians that call for higher taxes and ever increasing redistributive schemes.

Quote Mr. Ryan: "Class warfare might make for good politics, but it makes for rotten economics."

Take a few minutes and watch it here if you didn't see it in real time, also take a moment to read his MJS op-ed.

Oh, and as always, enjoy your Sunday :)

Rocketman