Brendan Doherty has the wrong priorities for working Americans. He opposes the Buffet Rule, requiring millionaires to pay their fair share of taxes like everybody else. He also supports cutting taxes on big corporations and ending capital gains taxes. Meanwhile, he supports the Ryan Plan, which would cause painful cuts to Medicare and Social Security.

Working for the Rich
Doherty Opposed to the “Buffet Rule” to Require Millionaires to Pay Fair Share. In an interview, Doherty said he did not support the “Buffet Rule,” which would require millionaires to pay at least thirty percent of their income taxes. “First of all, Warren Buffett did very well by that system,” he said. “The new one [the Buffett rule] is just a new AMT. It’s just an AMT for the middle class, and that’s just a hidden tax for the middle class.” [WPRI, 3/11/12] Doherty Supported Ending the Capital Gains Tax and Repealing the Alternative Minimum Tax. According to Providence Journal, “Doherty called for reform of ‘the entire tax code to provide businesses with a consistent landscape in which to do business.’ He called specifically for a lower corporate tax rate, an end to capital gains taxes and repeal of the alternative minimum tax.” [Providence Journal, 9/12/11] Doherty Supported Decreasing the Corporate Tax Rate. In an interview, Doherty said he supported lowering corporate taxes below the current 35 percent rate. “We need to take our corporate tax rate down,” he said. [WJAR, 3/18/12]

Supports Ryan Plan
Doherty Called Ryan Plan “A Prudent Approach.” According to Providence Journal, “What about the budget resolution proposed by House Budget Committee Chairman Paul D. Ryan, R-Wis., that would turn Medicare into a defined benefit in which seniors would get vouchers covering a portion of the cost of buying private insurance? I need to sit down with my team to talk about that, Doherty said. But I think it sounds like a prudent approach if we can ensure that the people who are legitimately collecting that benefit are not affected by it. He said, We may save a tremendous amount of money. Coupled with that, there is a substantial amount of Medicare and Medicaid fraud.” [Providence Journal, 5/17/11]

Wall Street Journal: Ryan Plan Would “Essentially End Medicare.” According to Naftali Bendavid at the Wall Street Journal, “The plan would essentially end Medicare, which now pays most of the health-care bills for 48 million elderly and disabled Americans, as a program that directly pays those bills.” [Wall Street Journal, 4/4/11] Fort Lauderdale Sun-Sentinel: Ryan Budget Plan Would Nearly Double Out-OfPocket Costs for Seniors. The Fort Lauderdale Sun-Sentinel reported that “The Ryan budget plan would cut federal spending on Medicaid, which provides health care for the poor, and begin distributing money by block grant to states. The plan would do away with Medicare's direct payment for health care for seniors, replacing it with a voucher system in which recipients choose private insurers. The plan would do away with Medicare's direct payment for health care for seniors, replacing it with a voucher system in which recipients choose private insurers. The Congressional Budget Office found that part of the plan, which would take effect in 2022, could nearly double out-of-pocket costs for seniors.” [Ft Lauderdale Sun-Sentinel, 4/16/2011] Economic Policy Institute: Ryan Budget Would Result in Roughly 900,000 Jobs Lost in 2012 and Roughly 1.3 Million Jobs Lost in 2013. According to the Economic Policy Institute, “Using a standard macroeconomic model that is consistent with that used by private- and public-sector forecasters, we estimate that the shock to aggregate demand from near-term NSD spending cuts would result in roughly 900,000 jobs lost in 2012 and roughly 1.3 million jobs lost in 2013. Cumulatively, cuts of this magnitude would result in a loss of 2.2 million jobs over the next two years, or 3.1 million full-time equivalent (FTE) jobs. [Economic Policy Institute, 4/13/11] Center on Budget and Policy Priorities: Two-Thirds of the Ryan Plan’s Cuts Come from Programs Helping the Poor and Middle Class. In April 2011, Robert Greenstein, President of the Center on Budget and Policy Priorities said that nearly two-thirds – about $2.9 trillion of the Ryan Plan’s $4.5 trillion in budget cuts over ten years comes from programs aiding the poor or disadvantaged. The $2.17 trillion of these cuts come from Medicaid and repeal of the expansion of Medicaid under the 2011 health care reform law. The remainder of the $2.9 trillion would come from non-health related services to the poor, such as Pell Grants, food stamps, and low-income housing programs. [Center on Budget and Policy Priorities Press Release, 4/20/11, 4/20/11] New York Times Editorial: Ryan Plan Would End Medicare’s Guaranteed Benefit. The House Republican budget would mean that “older Americans no longer have a guarantee that Medicare will pay for their health needs. […] He would still offer the elderly a fixed amount of money to shop for their own health insurance, but allow the option of enrolling in traditional Medicare.” [New York Times Editorial, 3/20/12]

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