The richest 1% of taxpayers would pay $100,000 less, on average, while over 25% would pay more in taxes under the House GOP "plan" than they would under the President's plan.*  Rep. Paul Ryan unveiled (the drum-roll please ) the GOP's alternative budget in a Wall Street Journal op-ed.
First, last week's  "Road to recovery" joke  called a "marketing document, and now this sad reality, the GOP offers NOTHING that hasn't already aided in creating our collective mess.

Making the budget-busting Bush tax cuts of 2001-03 permanent, they also propose an alternative "highly simplified system that fits on a post card, with few deductions and two rates." Taxpayers making over $100,000 would see their rate drop to 25% from its current high of 35%. (Below that level, the rate drops to 10%.) Corporate taxes would also drop to 25%. While the capital gains tax rate would be frozen at its post-2003 level of 15%, the estate tax would be eliminated altogether.

* Based on initial examination.