US House Representative Paul Ryan (R-Wisconsin) stopped by Raleigh this morning for a brief breakfast with local business leaders. Ryan came to promote Mitt Romney’s economic message, while simultaneously criticizing the current president’s record on the economy.
Ryan noted that much of our nation’s economic trouble stems from an atmosphere of unpredictability and uncertainty in our nation’s capitol. The US House has drafted and passed a budget, but the US Senate has stubbornly refused to consider it. Ryan noted that this type of political game the Senate is playing harms business because business owners don’t know what to expect regarding taxes and regulations. A “wait and see” approach is embraced which naturally leads to economic stagnation.
On taxes, Ryan mentioned reform was greatly needed and that US tax rates should be competitive with other countries. His tax proposal would simplify the tax code. Tax rates would be set at 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. He also noted the need for removing tax loopholes that deprive the government of funds.
Ryan also talked about healthcare. Regarding Medicaid reform, Ryan wants the federal government to issue block grants to states, allowing them flexibility in funding their Medicaid programs. Furthermore, the congressman hammered Obamacare and stated that the president’s ultimate goal with his healthcare monstrosity is to over-regulate the healthcare and insurance industries, burdening them in such a way that government-run alternatives look appealing.
It was good to see the congressman in Raleigh. He brought a clear, conservative message that our state and nation needs to hear during this this time of economic strife.