What the Romney tax plan looks like to the middle class
-Headline of the Day-
"Romney Plan Raises Taxes On Lower-Middle Class, Cuts Taxes On Wealthy."
Mittens is the 1%. If you ever doubted that, check out his new tax plan, which can best be described as a massive middle finger to anyone who isn't fabulously well-to-do. Basically, it works like this; the less you make, the larger your tax hike. Conversely, the more you make, the bigger your tax cut.
According to the report, "The Urban-Brookings Tax Policy Center crunched the numbers — part of a series of analyses the group has done of the GOP candidates’ tax proposals — and found that the plan constitutes a major tax cut for wealthy Americans. But compared to today’s rates, Romney proposes effective tax increases for people making less than $40,000."
Meanwhile, the "average millionaire would thus pay $145,568 less in taxes in 2015 than they do today." Relying on the poorest to make up for the wealthiest just plain doesn't work -- mostly because math has a liberal bias -- and this makes Romney's plan a "a budget buster, meaning greater deficits or deep cuts to federal programs."
So, if you're not a bazillionaire and you're planning to vote for Romney, you're a chump. Plain and simple. (Talking Points Memo)
-Cartoon time with Mark Fiore-
Hey kids, did you know there was this big election thing going on? Of course you do! And did you know that other things are going on too? Of course you don't, thanks to...
Click for animation
For example, did you know there was political unrest in Iraq, with explosions across Baghda... Oh wait, BREAKING NEWS: Ron Paul seen eating ribs with mustard!
Ooh... That's really going to hurt him in Missouri. (MarkFiore.com)
-Bonus HotD-
"Santorum Suggests Banishing Ninth Circuit Court Judges To Guam."
Oh Rick, you are going to be fun. (ThinkProgress)
