New York (CNNMoney) – Mitt Romney's new tax plan would mean lower taxes for most Americans. But some would benefit more than others.
According to a new analysis from the Tax Policy Center, wealthy Americans would see their taxes fall precipitously under Mitt Romney's new plan - which scraps the Alternative Minimum Tax and cuts marginal tax rates by 20%.
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With all the tax breaks and financial help that Mittens is promising the wealthiest Americans if he is elected, we now know why the Kochs and Rove are backing Mittens with over a half of a billion dollars.
What a surprise! That was the worst kept secret of the past couple of months! Jeez!
Fine, I LL tone it down. Gee imagine that, a filthy rich man helping widen the gap till there is only The Upper Class & The Lower Class & no MIDDLE class. He DONT GIVE A DAMN ABOUT THE MIDDLE CLASS & WORKIN MEN & WOMAN in this great Country!!!!
So obvious! We all know that!
We've known this since last summer. Someone had estimated then that Romney's plan could save the Koch brothers $4 billion annually..
Of course. Tax giveaways to the wealthy. Not Robin Hood, but RomneyHood. Robs from the rest to give to the rich. So noble of him.
Romney says he will cut taxes (aparently, especially for the rich), increase defense spending, protect social security and medicare, AND balance the budget. The math won't work. It's a lie – the same lie that caused our national debt to triple during the Reagan Administrations. Tell Romney – WE WON'T BE FOOLED AGAIN !!!
Of course it would, do you really think he is for the middle or poor people.
Hey... Why don't we just have a "rich" threshold? If you earn (or somehow "acquire" a million dollars or more per year, you pay NOTHING in taxes. That way the "rich" people would be happy (although probably not) by having more and it would act as an incentive for all those poor, lazy, old, diseased, and disadvantaged folks to become rich, so that they could avoid taxes and trickle down on others, too!
Maybe I could run for Republican President!
Why do you think the establishment GOP = GREEDY OPPOSITION PARTY is backing him? Of course none of RoMoney's tax cuts add up to ever getting to a balanced budget much less ever paying off the national debt. Who cares – just leave it to the next generation.
The guy is just a pandering fool who is unfit to be president.
Interesting- Our tax code is not about fairness it is about controllig our behavior. Every line of code, every 'loophole' or deduction or rate has been designed to alter behavior. So, I'm not about to get bent over such tactics. I certainly am not going to get bent about people being able to keep what they earned. It is not the person who put into the pot that is the problem. There is only a problem when people take out of the pot. I'm not going to grow angry at those dropping into the pot.
and he'll still have some that want to put him in the White House and it won't all be wealthy ones either,
We are telling this long time back if Mitt win rich will became super rich
Quick poll: who's shocked?
Not surprising...Mr. 1% Romney bought & paid for by the 1% off the backs of privatizing our seniors' Medicare & other Americans who can least afford it.
No thank you.
What's new? They take care of their own so they can donate to their campaigns, thus allowing them to buy more votes.
The rich will always cash in when republicans are in office. The republican party has always beat down the little guy, then say President Obama is using class warfare. The republicans have been experts at class warfare, now they have become experts at passing the blame. The fact is that the super rich control 90% of the wealth. The disparity grows everytime republicans are in control.
No wonder his millionaire buddies are pouring millions into his super pac ads, so that they can get it all back with interests
when he becomes president. Unfortunately for him the middle class and the lower class are not going to stand for this so
you and your 1% can take your dollars and shove it where the sun don't shine. America is not for sale.
I repeat America is not for sale. If you want to sell America vote republicans but if you want restore America vote Democrats.
Wow. What a surprise – Mr. 1% of the 1% is taking care of himself and his own. He'd also balloon the deficit after claiming that he would put us on the path to a balanced budget. It's all hooey. Bush had business experience, just like Romney – and look at the disaster he left behind. I'm not buyin' what you're sellin' Willard.
how gross
Well... Duh!
Willard's plan throws the average American a few crumbs while the top 1% get's the cake.
Money talks and everything else walks.