MITT ROMNEY WON’T RELEASE HIS TAX RETURNS, SO AMERICANS CAN SEE WHETHER HE PAID ANY TAXES AT ALL SOME YEARS, HE HAS SWISS BANK ACCOUNTS, AND WON’T HONESTLY ADDRESS HIS BAIN CAPITAL TENURE. WHY SHOULD AMERICANS VOTE FOR THIS MAN, WHEN HE HAS CLEARLY NO INTENTION OF FOLLOWING THE RULES THAT EVERY OTHER PRESIDENTIAL CANDIDATE HAS FOLLOWED?
WHY SHOULD ANY AMERICAN VOTE FROM THIS LIAR WHO HIDES HIS MONEY IN OFFSHORE ACCOUNTS, USES EVERY LOOPHOLE, AS NOT TO PAY ANY TAXES HE CAN LEGALLY GET AWAYY WITH, WHO DISTORTS HIS RECORD AS GOVERNOR OF MASSACHUSETTS, ATTEMPTS TO CLAIM CREDIT FOR THE AUTO BAILOUT?
Mitt Romney has proposed a $5 trillion tax plan that provides large tax cuts to the wealthiest Americans. At times, he has claimed that he will pay for his plan by closing tax deductions and other tax benefits, but refuses to say which ones. Today, an independent analysis showed that such a plan would require raising taxes by an average of more than $2,000 a year on middle-class families with children to pay for his massive tax cuts for the wealthiest Americans. As a result, it would raise taxes on millions of middle-class families so he can cut taxes for the most fortunate households. Read the study from Tax Policy Center.
HOW THE ROMNEY PLAN WOULD IMPACT FAMILIES
1. $2,500 tax increase for a married couple with two children and income of $100,000.They live in Virginia and pay $6,500 in state income and property taxes, pay $1,700 a month on their mortgage, donate $1,000 a year to charity, and receive health benefits from work worth $15,000 a year. Even though this family would receive a sizable tax cut from the Romney plan’s rate reductions, it would be dwarfed by the cuts to their Child Tax Credit and deductions for mortgage interest, state and local taxes, and charitable giving, and the taxes they would have to pay on their employer-provided health insurance.
2. $2,200 tax increase for a single mother with one child earning $20,000 a year. She would not benefit at all from reduced tax rates, and would see her Child Tax Credit and Earned Income Tax Credit cut by more than half.
3. $500 tax increase for a married couple with an income of $45,000. The couple, which has no children, rents its home and claims the standard deduction rather than itemizing. They are covered by an employer health plan worth $15,000. Even though they claim no other tax benefits, the new taxes they would have to pay on a portion of the value of their health insurance would still be larger than what they would receive from the Romney plan’s rate cuts.
4. $259,000 tax cut for a couple earning $10 million a year. A married couple with income of $10 million that claims $1.5 million of itemized deductions would get a net tax cut of $259,000.
Read these articles on how Romney’s tax policy is not a friend of the MIDDLE CLASS, but instead his tax policies CATER to the RICH.
WHY SHOULD “YOU PEOPLE” THINK THIS MAN HAS ANYTHING CREDIBLE TO OFFER AMERICANS IN THE WAY OF TAX RELIEF? LESS FOR US, MORE FOR MITT!