Stephen Colbert explains Ryan Math
Post by Jesse Russell on 9/21/2011 11:16am
Last night Stephen Colbert addressed the Republican talking point that President Barack Obama is engaged in "class warfare." Wisconsin's District 1 Rep. Paul Ryan was one of the many members of the GOP to go on the Sunday talk shows to push the party line. During his appearance on Fox News Sunday Ryan explained how he believes taxation impacts society "If you tax something more, Chris, you get less of it. If you tax job creators more, you get less job creation."
Colbert responded with a graph (to the right) stating, "Yes, job creators like me need low taxes so we can continue to create jobs. Just look at history. In 1995, the effective tax rate paid by millionaires was 30.4 percent. By 2009, it had dropped to 22.4 percent. And over that same period, unemployment plummeted from 5.6 percent all the way down to 9.3 percent."
The video is below:
Jesse was born and raised in Connecticut, began blogging in 1997, and moved to Madison in 2003. In 2005, he co-founded dane101 along with Kristian Knutson and Shane Wealti. In addition to helping nearly a dozen contributors run this website he's helped launch various events in the city including What's Your Damage?!, the MadPubQuiz of Awesomeness, the Fire Ball Masquerade, Dane101's Freakin' Halloweekend, and more.