GOP Budget Proposal: Massive Tax Cuts for the Wealthy...met with a "collective scoff"

GOP Budget Proposal: Massive Tax Cut For Wealthy

March 26, 2009 01:21 PM

Ryan Grim, Huffington Post

House Republican leaders called a press conference Thursday to unveil their "alternative budget." While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy.

Under the Republican plan, the top marginal tax rate would be slashed from 35 to 25 percent, facilitating a dramatic transfer of wealth up the economic scale. Anyone making more than a $100,000 would pay the top rate; those under would pay 10 percent.

"Two nights ago, the president said, 'We haven't seen a budget yet out of Republicans.' Well, it's just not true, because here it is, Mr. President," said House Minority Leader John Boehner (R-Ohio), waving a blue document in the air.

<...>

Reporters -- mainstream, liberal and conservative -- greeted the Republican document with a collective scoff.

<more: http://www.huffingtonpost.com/2009/03/26/gop-budget-proposal-massi_n_179598.html>