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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt To The Poor: Pay Up
Mitt To The Poor: Pay Up
In broad effect, Mitt Romneys tax plan accomplishes the conservative goal of dramatically lowering taxes on the wealthy at the expense of the lower and middle classes.
CHART & MORE:
http://tpmdc.talkingpointsmemo.com/2012/01/chart-romney-plan-raise-taxes-on-lower-middle-class-cuts-taxes-on-wealthy.php?ref=fpa
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The Urban-Brookings Tax Policy Center crunched the numbers part of a series of analyses the group has done of the GOP candidates tax proposals and found that the plan constitutes a major tax cut for wealthy Americans. But compared to todays rates, Romney proposes effective tax increases for people making less than $40,000.
MORE:
http://taxpolicycenter.org/taxtopics/romney-plan.cfm
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The Tax Policy Center released an analysis today showing that, contrary to Romneys rhetoric, the overwhelming majority of the benefits under the plan would go to the wealthy. In fact, compared to the policy in place today, Romneys plan would give millionaires a $150,000 tax cut, while raising taxes on many low-income families.
http://thinkprogress.org/economy/2012/01/05/398758/romneys-tax-plan-analysis/
Tuesday Afternoon
(56,912 posts)Uncle Joe
(58,338 posts)Thanks for the thread, kpete.
LiberalEsto
(22,845 posts)Take away their jobs
Take away their homes
and then the repukes expect the poor to smile and pay more taxes so the rich can have more tax breaks?
If this isn't class warfare, I'm a jelly donut.
Angry Dragon
(36,693 posts)he owes the American people the right to see how
this would affect his taxes to make sure he does
not have a conflict of interest in any plan he wants to implement
Show your taxes Willard so we can see how it would affect you
lpbk2713
(42,751 posts)And then the defense contractors.
Then there won't be any need for the rest to contribute.
Possibly the most loathsome of all the candidates. That is quite a tremendous achievement.
Zorra
(27,670 posts)candidate by far.
He is of the 1%, from a background of wealth and privilege.
And, just like any 1% plutarch, he wants to further bleed working people so that his 1% peers can get even wealthier.
Quantess
(27,630 posts)Not acceptable for a potential POTUS. The president needs to have the country's best interests in mind.