Update II: The Party of No (New Ideas)

Posted by AzBlueMeanie:

H/t to BarbinMD at Daily Kos:

This story just gets better and better – from The Washington Independent:

While reporters hooted at the comically simplistic charts and lack of details in the House Republican leadership’s budget plan, the green eyeshade types at Citizen’s for Tax Justice crunched the numbers (PDF). They conclude that a quarter of all households, most of them poor, would pay more taxes under the GOP plan, while the richest one percent would pay $100,000 less.

See the CTJ report here (pdf) – but be warned: there are numbers in it.

The GOP tax plan begins with making the Bush tax cuts permanent. The lowest 40 percent would pay more taxes (because the GOP does not make permanent the refundable income tax credits in the Obama tax plan), while the top 1 percent would realize a tax savings bonanza. The GOP plan would cost over $300 billion more than the Obama income tax cuts in 2011 alone.

In other words, let's just keep doing what we've been doing for the past eight years.

This isn't a plan, it's the definition of insanity.