Paul Ryan has been chosen as Mitt Romney’s running mate in the upcoming US elections. After his nomination he updated his new Twitter account @PaulRyanVp with the following: “I’m honored to join @MittRomney on America’s Comeback Team. http://mi.tt/Romney-Ryan  #RomneyRyan2012.”

Paul Ryan was born in the community of Janesville, Wisconsin. He is a graduate of Joseph A. Craig High School from his home town and earned a degree in economics and political science from Miami University in Ohio.

Ryan has served in Wisconsin’s first congressional district since 1999, but as of August 11, Ryan became the Vice President hopeful in Romney’s campaign.

As the Chairman of the House Budget Committee he gained notoriety by working to bring fiscal deficit and accountability to the government. He is seen as a “fiscal hawk,” representing what some believe Obama is not. He has criticized the exaggerated government spendings of the past years. He proposed a new plan that would eliminate medicare. He plans to change it from an insurance program to one where seniors get government subsidy to buy their own private insurance. Ryan’s ideas are clear: small government and low taxes.

In Ryan’s first speech he first thanked Romney for the opportunity of being his running mate and said that the former government is the leader the country needs during these difficult times. Ryan also introduced his family to the crowd, his wife, his daughter and his two sons.

Paul Ryan is only 42 years old. In his speech he said he is committed to putt his Congress ideas and experience into Romney’s administration. He declared that Romney is the one that would put America back into the prosperity road. Ryan connected easily with the crowd with simple words and stories, for example he told a story about his dad who died when he was young. He told that his dad always said: “Son, you are either part of the problem or part of the solution.” He added that Barack Obama has become part of the problem and Romney is the solution.

The Republican nominee also admitted that Obama did not inherit a good economic situation, but he explained that during the first two years in which the Democrat’s where in control of Congress and in which Obama was able to pass nearly “every item in his agenda, but that didn’t make things better.” Ryan criticized Obama’s economic management, saying that his has been “the worst economic recovery in 70 years, unemployment has been above 8% for more than three years, the longest run since the Great Depression.”

Ryan also said that the U.S. has now the biggest deficit and the largest government since WWII, and said that Obama’s government has a record of failure. He also criticized Obama for not being willing to make difficult decisions to fix the country because he is only thinking about the next election.

Ryan also made a declaration that pleased the conservatives. He said that our “rights come from nature and God, not from government.” He added that “this idea was founded on the principles of liberty, freedom, free enterprise, self-determination and government by consent of the governed.” Paul Ryan said that this idea is now under assault, freedom and security are being threatened and Ryan promised that if they were elected they “won’t replace the founding principles, they would reapply them.”

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Washington, U.S.A. — A Romney-Ryan White House would be a dream for the richest 1 percent of Americans who are millionaires, but an economic nightmare for the vast majority of middle-class and lower-income Americans, according to Americans for Tax Fairness Action.

“A Romney-Ryan White House would be Robin Hood in reverse, and that’s not the kind of America we want to live in,” said Frank Clemente, campaign manager for Americans for Tax Fairness Action. “Both of their budget plans would lavish the richest 1 percent of Americans who make over $1 million with yearly tax breaks of at least $250,000, while raising taxes on 95 percent of Americans who make less than $200,000. Politicians stacking the deck in favor of their wealthy campaign contributors and sticking the rest of us with the tab is not right.”

“We need to overhaul the tax code so that it reflects our values, and so everyone plays by the same rules and pays their fair share,” added Clemente. “That’s why we should end tax breaks for companies like those that Bain Capital invests in that ship jobs overseas, and level the playing field for small businesses that create jobs in America. We should end tax breaks for the rich like Mitt Romney who use offshore tax shelters in places like the Cayman Islands to avoid paying the taxes they owe, so they can pay a lower tax rate than the teachers who educate our kids.”

Romney’s tax plan, which would make the Bush tax cuts permanent, including for the richest 2 percent, and cut the top income tax rate by another 20 percent, would give people making over $1 million in 2013 a net tax cut of over $250,000, according to a new analysis by Citizens for Tax Justice. Romney’s tax plan would increase taxes by an average of $2,000 on families making less than $200,000 a year, according to a new report by the Tax Policy Center (see page 6 ).

Ryan authored the House budget t hat also wou ld make the Bush tax breaks permanent, including those for the richest 2 percent, and cut by 30 percent both the corporate income tax rate and the top tax rate paid by the wealthiest Americans.

It would give the richest Americans a tax break of nearly $300,000, while raising taxes on a typical household earning between $50,000 and $100,000 and filing jointly by over $1,350, according to the Joint Economic Committee. It also would end the Medicare guarantee and requires seniors to pay $6,000 more per year for fewer benefits than they get now, according to the Kaiser Family Foundation Program on Medicare Policy.

Americans for Tax Fairness Action is a 501c4 organization that is separate from the Americans for Tax Fairness coalition, which is a 501c3 organization The 140 organizations that comprise the ATF membership are separate and distinct from Americans for Tax Fairness Action. Any references to ATF action should not make any association between the coalition that comprises ATF and ATF Action

Image Courtesy of  Gage Skidmore

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