Mitt Romney lies; he lies a lot. He lies about little things…He lies about big things. And now – the man who says what he thinks you want to hear is proposing cutting taxes for EVERY American by 20% but not adding to the deficit because he’s eliminating deductions for the wealthy but when the experts analyze what plans he does have – they’re conclusion is that he’s cutting taxes for the wealthy on the backs of seniors and the middle class. Are you following his logic yet?
Greg Sargent from the Washington Post called:
“Bob McIntyre, the president of the liberal-leaning-but-nonpartisan Citizens for Tax Justice. He says the upshot for the rich is a huge tax cut that’s paid for by cuts to Social Security, Medicare and Medicaid. Total taxes cut in the plan: $10 trillion over 10 years, by his calculation.”
Directly from Mitt Romney’s website – in the same breath that he proposes a 40% tax cut for the wealthy ala the Ryan Plan – he wants to pay for it by:
For younger generations, gradually raise the retirement age and index the growth in benefits for higher-income retirees to inflation instead of wages.
For younger generations, create a premium support system that gives each senior the freedom to choose among competing private plans and traditional fee-for-service Medicare.
You can find Mitt Romney’s new tax plan HERE. Remember – he says he’s not cutting taxes for the wealthy net-net. He says – they’ll really pay more money when his plan is enacted which is why we need to cut tax rates for the wealthy by 40% – *wink*:
“In order to limit any impact on the deficit – ’cause I don’t want to add to the deficit: I’m going to limit the deductions and exemptions, particularly for high-income folks.”
But he keeps giving…he also proposes:
Romney’s plan includes some standards on the Republicans’ wish list for tax reform. He would reduce corporate tax rates from 35 percent to 25 percent, eliminate the inheritance tax and repeal the alternative minimum tax.
Source: National Post.
More analysis by The Guardian
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