In response to:

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

LibsHateAmerica Wrote: Aug 03, 2012 9:00 PM
You do realize that every time taxes have been lowered, revenues to the treasury have actually been higher. And you also realize the top 1% earns 13% of income, but foot 40% of the bill.

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...