Rhetoric: Senator Paul has claimed that he is concerned with “policies that allow the poor to get poorer and the rich to get richer.”
- His tax plan would increase inequality: his flat tax proposal would give a massive tax break to the rich, while even conservatives admit it would raise taxes on the poor.
- He would cut even more taxes for the wealthy, such as repealing the estate tax and the capital gains tax.
- While cutting taxes on the rich, Paul proposed plans that would hurt working families, like slashing Medicaid and SNAP benefits and not raising the minimum wage.
Rhetoric: Senator Paul plans to end the “cycle of poverty.”
- Paul opposes raising the Earned Income Tax Credit (EITC) as a wasteful program
- He even actually claimed that the poor are actually getting richer faster than the wealthy, despite the fact that income inequality has been increasing for the past 35 years and middle class wages have stagnated.
BOTTOM LINE: Given his rhetoric about helping ordinary Americans get ahead and making changes in his party, one might expect Paul’s policies on issues like poverty to have more of a positive impact. But instead of helping create an economy that works for everyone, the impact of his policies would have the opposite effect. In fact, they would benefit the same “fat cats, rich people and Wall Street” that he claims to be trying to move his party away from. CAP. The Progress Report.