Hill: Rising Dem star Tim Ryan splits with party, endorses corporate tax cuts

[BuckeyeNut]

I and every other Ohio Democrat I know is very confused by this. While Clinton bombed in Mahoning County and the rest of the Valley, Ryan maintained a very healthy margin, and this move makes no sense for his district.* It might make some sense for Ohio as a whole, but it wouldn't win him friends in any primary, and he's not running state wide anytime soon. That said, Tim Ryan is not a cuck, nor is he useless. The message going around is severely truncated. He also suggested a trillion-dollar expansion for the Earned Income Tax Credits.

* RJ is right this district would fall if a Justice Democrat successfully primaried Ryan. It's a moronic idea.

[BuckeyeNut]

The Swedish welfare state runs on a corporate tax of like 22%. Americans obsess way too much over specific taxes.

Reducing loopholes and lowering rates is a good idea either way.

Which, to be clear, Ryan also advocated.

[BuckeyeNut]

The Swedish welfare state runs on a corporate tax of like 22%. Americans obsess way too much over specific taxes.

Reducing loopholes and lowering rates is a good idea either way.

Which, to be clear, Ryan also advocated.

Which loophole did he talk about? Did he talk about effective tax rates? That idiot was making GOP talking points like you can't be the party of redistribution & business isn't competitive. Part of it is a lie, part just hackish.

Ryan is meeting a lot of donors for his rumored Presidential run. A 30% or 35% or 25% is a not a huge issue.

This is just false. Ryan said you can't just be the party of wealth redistribution and that Democrats also have to focus on the generation of wealth. Which is true.  I think he's wrong to say a corporate tax cut + the closing of loopholes will bring jobs to Youngstown, Detroit, and elsewhere, but he's 100% right that Democrats need to incentive job growth in those areas.

[BuckeyeNut]

The Swedish welfare state runs on a corporate tax of like 22%. Americans obsess way too much over specific taxes.

Reducing loopholes and lowering rates is a good idea either way.

Which, to be clear, Ryan also advocated.

Which loophole did he talk about? Did he talk about effective tax rates? That idiot was making GOP talking points like you can't be the party of redistribution & business isn't competitive. Part of it is a lie, part just hackish.

Ryan is meeting a lot of donors for his rumored Presidential run. A 30% or 35% or 25% is a not a huge issue.

This is just false. Ryan said you can't just be the party of wealth redistribution and that Democrats also have to focus on the generation of wealth. Which is true.  I think he's wrong to say a corporate tax cut + the closing of loopholes will bring jobs to Youngstown, Detroit, and elsewhere, but he's 100% right that Democrats need to incentive job growth in those areas.

I agree, generation of wealth is also very important, maybe not as much as redistribution, but it'll make redistribution easier. I'm not sure whether or not that's what Tim Ryan meant though.

If you look at the full quote -- which I would post instead of link, but there are some strange rules about pulling more than a few sentences from articles -- it's clear he means the Democratic party has to be the party of both wealth redistribution and creation. His conclusion you do the latter through cutting the corporate tax rate while also closing loopholes is a somewhat odd one.