Speaking of Congressional Budget Committee Ranking Members Who Write Op-Eds, Paul Ryan, Judd Gregg’s House counterpart, has a piece of his own in the Wall Street Journal. In it, he summarizes the bottom line of the budget (or the counter-part to the non-budget budget) he plans to release today. More on that very soon, but here’s what to expect:
- A budget that nixes all non-military federal discretionary spending for five years amid a recession.
- A budget that deploys “more clean and renewable energy sources free of greenhouse gas…by opening exploration on our nation’s oil and gas fields, and by investing the proceeds in a new clean energy trust fund, infrastructure and further deficit reduction.
- A budget that creates two tax brackets–10 percent for income below $100,000 and 25 percent for every dollar above that–and that cuts corporate income tax rate to 25 percent.
As this budget was supposed to be released a week ago, the House and White House are already well prepared with talking points.
Late update: At the end of his op-ed, Ryan writes, “[i]n the recent past, the Republican Party failed to offer the nation an inspiring vision and a concrete plan to tackle our problems with innovative and principled solutions. We do not intend to repeat that mistake.” Hmmm. He wouldn’t be talking about this and this, would he?
