Does Romney care more about Unemployment or Lowering Taxes for rich people?
Mopeder
2012/05/27 11:53:38
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Top Opinion
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luvguins 2012/05/27 14:28:45Lowering taxes for rich people
+13He spews the GOP mantra. No tax increases with lower ones for the rich and corporations plus zero regulation of the corrupt capitalists funding his campaign. He has no interest in uplifting the middle class that the GOP has marginalized since Reaganomics in the 80s.
If they did, they would have voted for and PASSED infrastructure, and clean jobs bills, and anything to help people get back to work. Hire teachers, nurses in school, police officers, firefighters, .. on and on.... instead? They just cut more and more jobs, lay people off and refuse all jobs programs.
The proof is in the pudding....
For most poor people, the main taxes they pay are payroll taxes. The taxes that go to fund Social Security and Medicare. They also pay State and Local taxes which tend to be very Regressive taxes (i.e. hard on the poor).
Republicans, by focusing in on the "income" tax, have sought to create the illusion that poor people do not pay taxes, and yet they do. Republicans are punishing the working poor for their efforts.
Under Mitt Romney's tax plan ...
"On average, households making less than $20,000 would see their taxes increase by more than 60 percent .. People making more than $1 million would get tax cuts averaging 15 percent. "
Mitt Romney Embraces Reverse Robin Hood Policy
http://www.youtube.com/watch?...
"South Carolina House tax bill raises taxes on the lowest income families and cut taxes for the wealthy. "
"In Wisconsin, Republican Governor Scott Walker's budget cuts taxes for everyone but poor people who recieved a tax increase. "
Republican Governor Sam Brownback of Kansas "signed a bill into law that cuts taxes for the richest people in the state and raises taxes on poor people. "
That was a "Rachel Maddow" quote from the video of her MSNBC TV show above.
If she was wrong, then call her on it for sure, but the editors usually check facts like that before going on TV.
In fact, several other news outlets were quoting the same facts that Republican Governor Sam Brownback of Kansas raised taxes on the poor.
MSNBC Contact form if you want to contact Maddow:
http://www.msnbc.msn.com/id/1...
Republicans, by focusing in on the "income" tax, have sought to create the illusion that poor people do not pay taxes, and yet they do.
http://wisconsinbudgetproject...
Who Pays Taxes? We All Do
True or False: In Wisconsin, working class taxpayers pay a higher percentage of their income in state and local taxes than higher-earning taxpayers do.
Given much of the new coverage on tax issues, and the rhetoric of some policymakers, it’s understandable why a person would guess “False.” But in fact, in Wisconsin and in nearly every other state in the country, working class people pay a higher percentage of their income in state and local taxes than do taxpayers who are better off.
In Wisconsin, individuals earning less than $20,000 per year paid 9.2 percent of their income in taxes, while the top 1 percent paid only 8.0 percent of their income in taxes, according to a report from the Institute for Taxation and Economic Policy. When you take into account the fact that Wisconsin allows state taxpayers to deduct their federal income taxes on their state tax returns, the difference is even greater: 9.2 percent of income paid in taxes for people earning under $20,000 and 6.7 percent for the top 1 percent of earners, as shown in the chart below.
If low-income people pay a higher percentage of their income in state and local taxes, why is there so much rhetoric to the contrary? Some ana...
http://wisconsinbudgetproject...
Who Pays Taxes? We All Do
True or False: In Wisconsin, working class taxpayers pay a higher percentage of their income in state and local taxes than higher-earning taxpayers do.
Given much of the new coverage on tax issues, and the rhetoric of some policymakers, it’s understandable why a person would guess “False.” But in fact, in Wisconsin and in nearly every other state in the country, working class people pay a higher percentage of their income in state and local taxes than do taxpayers who are better off.
In Wisconsin, individuals earning less than $20,000 per year paid 9.2 percent of their income in taxes, while the top 1 percent paid only 8.0 percent of their income in taxes, according to a report from the Institute for Taxation and Economic Policy. When you take into account the fact that Wisconsin allows state taxpayers to deduct their federal income taxes on their state tax returns, the difference is even greater: 9.2 percent of income paid in taxes for people earning under $20,000 and 6.7 percent for the top 1 percent of earners, as shown in the chart below.
If low-income people pay a higher percentage of their income in state and local taxes, why is there so much rhetoric to the contrary? Some analyses take a selective look at taxes, and include only the individual income tax. Working-class taxpayers in Wisconsin pay little in state income taxes, but pay a much more of their income in sales and property taxes than higher-earning taxpayers do.
Several actions by the Wisconsin legislature mean that the tax gap between working-class taxpayers and those that are better off is likely to widen:
The Legislature increased the amount of taxes that working families with children will pay, by cutting the state’s Earned Income Tax Credit by $56 million over two years. This means that 140,000 Wisconsin taxpayers will get smaller refunds this year. A single mother with three children, working at the minimum wage saw her tax credit for 2011 shrink by more than $500.
Thousands of seniors and working-class families are paying higher property taxes, because the legislature voted to stop adjusting the Homestead Credit for inflation. The result is that low-income seniors will have a harder time staying in their homes.
The best-off taxpayers are paying less in taxes, thanks to last year’s budget, which cut taxes on capital gains income.
Lower-income taxpayers in Wisconsin already pay a higher share of their income in state and local taxes than higher earners do. The legislature should be working to close that gap, not widen it.
You can help all of the middle class but they don't have the money to invest in a few hands. At the top just one or two billionaires are all you need. It will take thousands of middle class donations to make up for just one Billionaire.
He only cares about making more money ....
If they did, they would have voted for and PASSED infrastructure, and clean jobs bills, and anything to help people get back to work. Hire teachers, nurses in school, police officers, firefighters, .. on and on.... instead? They just cut more and more jobs, lay people off and refuse all jobs programs.
The proof is in the pudding....