Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It." -- Unknown

“Never argue with stupid people, they will drag you down to their level
and then beat you with experience.” -- Mark Twain

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"Eck!" -- George the Cat

Wednesday, August 1, 2012

Romney's Tax Plan: Tax Cuts for Him, Taxes Raised for You and Me.

The Willard M. Romney plan for reforming the Federal tax code translates into this: If you're rich, you'll pay less taxes. If you are not, you'll pay more taxes.
Our major conclusion is that a revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed – including reducing marginal tax rates substantially, eliminating the individual alternative minimum tax (AMT) and maintaining all tax breaks for saving and investment – would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers. This is true even when we bias our assumptions about which and whose tax expenditures are reduced to make the resulting tax system as progressive as possible.
Nobody will ever accuse Mittens of being a traitor to his class. He'd have been well-suited to being a feudal lord back in the days when knights were bold and serfs were slaughtered for food.



The New York Crank said...

NEXT UP: Droit de seigneur!

offlogic said...

Feudal POSER, you mean!
He couldn't any more survive trial by combat that my hypothetical aunt Minnie.
He's a son of privilege, a standard carrier for global corporatism at best... nothing more.