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Does Romney's Tax Plan Hurt Everyone But the Rich?

Albert185 Wrote: Aug 03, 2012 4:36 PM

have never viewed taxation as a means of rewarding one class of taxpayers or punishing another. If such a point of view ever controls our public policy, the traditions of freedom, justice and equality of opportunity, which are the distinguishing characteristics of our American civilization, will have disappeared and in their place we shall have class legislation with all its attendant evils. TAXATION: THE PEOPLE'S BUSINESS pp11-12 Andrew Mellon, 1924 http://www.archive.org/stream/taxationthepeopl033026mbp/taxationthepeopl033026mbp_djvu.txt

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Does Romney's Tax Plan Hurt Everyone But the Rich?

President Obama's new line of attack against Mitt Romney is that the Republican's tax plan would raise taxes on everyone except for the very wealthy:

“Pay attention here,” Mr. Obama said. “Folks making more than $3 million a year — the top one-tenth of 1 percent — they would get a tax cut under Mr. Romney’s plan that is worth almost a quarter of a million dollars. Hold on, it gets worse,” he added to a chorus of boos. “My opponent says he’s going to pay for this $5 trillion plan. But under this...

Related Tags: 2012 Election Mitt Romney Barack Obama Obamacare Mandate Tax Tax plan