Posted on 10/02/2012 6:25:22 AM PDT by Evil Slayer
A report by the Urban-Brookings Tax Policy Center (TPC) has been used to claim that Romney will hike taxes on the middle class. A closer look, however, and the TPC report falls apart.
Democrats launched a surprising attack on GOP presidential nominee Mitt Romney in recent weeks when they accused the governor of trying to raise taxes on the middle class. This criticism is odd coming from the party that unapologetically seeks hundreds of billions of dollars in tax hikes and that adopted numerous tax increases, including some on the middle class, in President Obama’s healthcare reform. The Democrats’ attack is also an about-face on their standard argument that Republicans think the solution to every problem is another tax cut.
The Democrats have spent millions of advertising dollars in an intensive and well-coordinated attack on Romney’s proposal to simplify, streamline, and reform the tax code—a tax code that virtually no one thinks works well. Two think tanks, Obama’s campaign, super PACs, and high-profile media reports have all converged on this message.
Romney recently spelled out his tax reform objectives to Meet the Press: “Bring our rates down to encourage growth, keep revenue up by limiting deductions and exemptions, and make sure we don’t put any bigger burden on middle income people.”
What Is Actually Included in Romney’s Tax Plan
In order to objectively assess the claims made by the critics, let’s begin by looking closely at the key components of Romney’s proposal: Reduce statutory income tax rates 20 percent, from 10, 15, 25, 28, 33, and 35 percent to 8, 12, 20, 22.4, and 28 percent. Reduce the corporate tax rate from 35 percent to 25 percent. Repeal the Alternative Minimum Tax for individuals and corporations. Repeal the estate tax. Eliminate, curtail, and reform numerous special provisions in the tax....
(Excerpt) Read more at american.com ...
We need to throw out the tax code and start over, Romney does not have the courage to do it!!
The Left find the truth to a quaint, but useless concept.
We need a tax hike on the middle class to move this country back from the “tipping point” where middle class voters vote themselves government benes on the backs of the “rich.” Taxes need to be more evenly distributed. Of course, spending needs to be chopped — I’m not saying increase taxes and keep spending the same — but once we chop spending, taxes need to be reformed so that EVERYONE pays for programs, including all but the very poor.
We've all heard Democrat politicians pontificate about 'strengthening the middle class' or 'helping working families'. Until now, I've always thought 'what a bunch of damn hypocrites! Then why are you enacting policies which are clearly shrinking the middle class?'
To the Marxist Socialist Democrats, the middle class doesn't mean people making $40,000 to $200,000 annually or whatever limits are commonly put on an economic definition of the middle class. To them, the middle class and working families specifically mean unionized workers, especially unionized government workers, to whom they can bestow government largess in exchange for political support.
If you are in a non-unionized private industry, then to hell with you. Your role is to provide support to their middle class whether it be in higher taxes, reduced wages and benefits or some combination thereof.
Your options are to (1)sink to one of the lower classes, where you become their clients for safety nets and other government goodies which they might grant you in exchange for political support, (2)move up to the rich class (as they define it) where you will provide tax revenue for the nanny state or (3)unionize your company or industry even if it means shrinking it, as it generally does, because the people thus replaced didn't appreciate their benefactors (Democrat party establishment) anyway whereas those who remain will.
I agree, EVERYONE, INCLUDING THE VERY POOR.
There are no free lunches and by letting the "very poor" off the hook, we create the illusion that a special class gets the free lunch.
Who defines the "very poor"?
Some bureaucrat that administers a program for the "very poor".
"It says so much that Obama is running against Mitt Romney on the basis that Romney will raise taxes."
Precious coming from the POTUS who instituted Obamatax- one of the biggest tax increases of all time.
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