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Do You Want to Pay for a Tax Break for Millionaires?

Thu, 07/05/2012 - 18:57 — Dave Culver
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GOP Plan: Raise Your Taxes, Slash Them for Millionaires
Paul Krugman | This Republican Economy
Do You Own a Secret Corporation in Bermuda?

Progress Report, ThinkProgress

As we’ve been discussing for months, the core of the Romney-Ryan budget plan is massive tax cuts for wealthy paid for by increasing taxes on the middle class and slashing funding for Medicare, Medicaid, and basically everything else the government does — including programs that benefit the middle class each and every day.

A new study out today (June 20) offers yet more confirmation of this sad reality.

Check out this great graphic from the Washington Post explaining how the GOP’s budget would impact taxpayers (Click here for a full-sized version.)

Full story...

Related:

Paul Krugman | This Republican Economy,  Paul Krugman, New York (NY) Times

  • The Republican electoral strategy is, in effect, a gigantic con game: it depends on convincing voters that the bad economy is the result of big-spending policies that President Obama hasn't followed (in large part because the G.O.P. wouldn't let him), and that our woes can be cured by pursuing more of the same policies that have already failed.
  • For some reason, however, neither the press nor Mr. Obama’s political team has done a very good job of exposing the con.
  • GOP’s Austerity Chickens Come Home to Roost
  • Noam Chomsky: Suicidal Policies vs Occupy Wall Street (OWS) and Life!

Do You Own a Secret Corporation in Bermuda? Progress Report, ThinkProgress
Way back in October, we began calling for Mitt Romney to release his tax returns — mostly to see how Romney’s proposed tax policies would impact his own situation relative to that of middle class Americans. We also wanted to know if Romney was taking advantage of special tax loopholes that allow millionaires to pay a lower tax rate than millions of middle class workers. Finally, voters deserve to know just how Romney amassed a quarter-billion fortune and where exactly his millions in annual income comes from.
Even More Reasons Why We Need to See Mitt Romney’s Tax Returns

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