"Mitt Romney's plan to overhaul the tax code would produce cuts for the richest 5 percent of Americans — and bigger bills for everybody else, according to an independent analysis set for release Wednesday.
The study was conducted by researchers at the nonpartisan Tax Policy Center, a joint project of the Brookings Institution and the Urban Institute, who seem to bend over backward to be fair to the Republican presidential candidate. To cover the cost of his plan — which would reduce tax rates by 20 percent, repeal the estate tax and eliminate taxes on investment income for middle-class taxpayers — the researchers assume that Romney would go after breaks for the richest taxpayers first...".* Cenk Uygur and Ben Mankiewicz discuss on The Young Turks.
Tags: Mitt Romney, GOP, Tea Party, 2012, The Young Turks, tax, rich, Tax Policy Center
Location: United States (load item map)
Marked as: approved
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