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Do You Want to Pay for a Tax Break for Millionaires?

June 20 2012 at 2:45 PM
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Do You Want to Pay for a Tax Break for Millionaires?
Jun 20, 2012 | By ThinkProgress War Room

GOP Plan: Raise Your Taxes, Slash Them for Millionaires

As weve been discussing for months, the core of the Romney-Ryan budget plan is massive tax cuts for wealthy paid for by increasing taxes on the middle class and slashing funding for Medicare, Medicaid, and basically everything else the government does including programs that benefit the middle class each and every day.

A new study out today offers yet more confirmation of this sad reality.

Check out this great graphic from the Washington Post explaining how the GOPs budget would impact taxpayers:

(Click for a full size version.)

Just to recap:

If youre making $50,000-$100,000 a year, the GOP wants to raise your taxes by $4,479; however, the GOP wants to cut taxes on millionaires by a whopping $331,544.

IN ONE SENTENCE: The GOP wants to slash taxes on millionaires while leaving the middle class to bear the burden of higher taxes and fewer benefit.

Evening Brief: Important Stories That You May Have Missed
Mitt Romney and his top campaign bundlers whose identities he keeps secret are jetting off to swank mountain resort this weekend to meet with Karl Rove.

The president invoked executive privilege today in response to the latest Republican witch hunt. Republicans then promptly went about misrepresenting what that meant.

Rep. Joe Walsh (R-IL) called President Obama a tyrant over his new immigration policy, but then promptly walked it back by explaining that Obama wasnt smart enough to understand what tyrant means.

The Romney campaign abruptly cut off a press call after reporters started asking about immigration. Speaking of which, heres a video showing how Romney refuses to answer direct questions about Obamas immigration policy.

The GOPs suicide mission on immigration.

Rep. Ron Paul (R-TX) has compared Social Security to slavery but he takes it anyway.

When he was governor of Massachusetts, Mitt Romney wanted to charge the blind for a certificate proving they were actually blind.

Only 31 percent of Americans would want to sit next to Mitt Romney on a long plane ride, compared to 57 percent whod enjoy sitting next to Obama.

Nuns protested the Republican budget outside Rep. Paul Ryans (WI) office.

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