Republicans should embrace Paul Ryan's Road Map | Washington Examiner
The plan would give everyone a refundable tax credit to buy health insurance, allow individual investment accounts to be carved out of Social Security, reduce the six income tax rates to two (10 and 25 percent), and replace the corporate tax (35 percent) with a business consumption tax (8.5 percent). And that's not the half of it.
As ranking Republican on the House Budget Committee, Ryan was able to get the Congressional Budget Office to run the numbers in his plan. CBO concluded the plan would "make the Social Security and Medicare programs permanently solvent [and] lift the growing debt burden on future generations, and hold federal taxes to no higher than 19 percent of GDP." Pretty impressive results, I'd say.
Man, if this is true and the facts check out, this Paul Ryan guy might be onto something. Supply-siders are normally a bit out there: there's little proof that Reganomics works exactly as designed, but holding down tax rates, providing a tax credit to buy insurance, and allowing private investment of SSI funds are not bad things.
The problem is that if you just subsidize health care costs without controlling costs or forcing insurers to accept high risk patients, you're just allowing health care inflation to go unchecked.
That said, this seems reasonable.
