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“RomneyHood”: Does Mitt’s Tax Plan REALLY Benefit the Rich, “Hit” The Middleclass?
President Obama and the left have been doing back flips over a Tax Policy Center study that concluded Mitt Romney’s plan would lower tax rates for the top quintile while the lowest fifth of earners would see a small tax increase. While Romney’s plan is still incomplete, are you okay with the rich getting a break and the poor and ‘middleclass’ paying more? What if leads to economic growth? Later today, Tom takes a look at the report and puts its claims to its SMELL TEST
Above is a chart that speculates the change in rates under both Obama and Romney plans