Tuesday, January 31, 2012

Romney Tax Plan Benfits The Rich; Hurts Everyone Else (for 1/6/12)

Mitt Romney's tax plan would help those in the Top 1% the most. Millionaires will get an average tax cut of nearly $150,000. Those making up to $100,000 get small tax cuts ranging from $27 to $490. Those in the middle class would effectively get a tax hike, as everyone at $40,000 or under would have to pay $14 to 191 in extra taxes. It would also increase the Federal budget deficit, causing the National Debt to go up. http://www.dailykos.com/story/2012/01/06/1052212/-Mitt-Romney-tax-plan-would-hurt-low-and-middle-income-Americans,-give-huge-tax-cut-to-wealthy?via=blog_1 http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=3256

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