House Speaker Paul Ryan said the nation’s current economic policies are making it harder to work during a Thursday discussion on poverty at the Conservative Political Action Conference.
The Wisconsin Republican argued the federal government has 92 programs stacked on top of each other – at the cost of $800 billion a year –that are encouraging Americans not to work.
“The top effective tax rate in America today is not being paid by Warren Buffett or Bill Gates or Aaron Rodgers – and Aaron Rodgers probably deserves that tax rate,” he said. “It’s paid by, you know, the single mom with two kids making $20,000 something that if she gets a raise she’ll lose 80 cents on the dollar, so if she doesn’t, or if she goes to work she loses more benefits than she gains in going to work.”
According to Ryan, While the federal government is needed to provide resources, communities are better and finding the solutions that work best for them.
The speaker said families are feeling the burden of high taxes, rising prices and burdensome regulations, which he believes traps people in poverty.“Regulation raises the price of your food, raises the price of your clothing, raises the prince of your energy, of your electricy,” Ryan said. “Regulation makes it harder to create jobs.
He went on to say the president has been ignoring cost benefit analyses showing how regulatory burden is affecting those living paycheck to paycheck.
Ryan has made it clear, as speaker, he will make the war on poverty a top priority.
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