Thursday, August 2, 2012

And then there's Romney's budget

As Rachel Maddow reports, Romney's budget raises taxes on everyone except the rich. The sources for this info are The Brookings Institution and the Tax Policy Center, which made every assumption in Romney's favor yet this is the realistic result. "If you're in the bottom 80%, your tax increase under Romney would range from $128 to $1,880, but if you're in the top 0.1%, your tax break would be worth nearly a quarter of a million dollars." What's it going to take for regressive dupes to understand Romney or the Republicans aren't for you unless you're rich?

Note that Romney denounced the Tax Policy Institute (TPI) as a liberal stooge. Yet recall that when Romney criticized Perry's budget proposal during the primary he said of TPI that they were an objective third party. Hypocrite.

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