Paul Ryan: Obama Exploiting ‘Envy Economics’ with Tax Plan

Sunday on NBC’s “Meet The Press,” Rep. Paul Ryan (R-WI) said President Barack Obama is exploiting “envy economics,” with his proposed tax increases on the wealthy.

In discussing the president’s plan to tax inheritance Ryan said, “I think it is a bad idea. You’re actually making it really hard for a family to pass on a family business to the next generation. So what I think the president is trying to do here is to, again, exploit envy economics. This top down leadership doesn’t work. We have been doing it for six years. It may make for good politics. Doesn’t make for good economic growth.”

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