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View Diary: New polls: Economy still Bush's fault, GOP responsible for gridlock (224 comments)

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  •  Romney's Tax Plans Are Worse Than Bush's. (12+ / 0-)

    As we’ve been noting, Mitt Romney’s economic plan calls for a massive tax cut for the rich, even while the plan would likely result in a tax increase on millions of middle class families. And as it turns out, Romney’s tax cuts for the rich would dwarf even those put in place by George W. Bush in 2001 and 2003, as Center for American Progress Director of Tax and Budget Policy Michael Linden noted:

        Republican presidential candidate Romney’s plan for federal taxation begins with a hefty portion of Bush-era tax policy: Permanently extend all the tax cuts passed in 2001 and 2003, including those that mainly benefit the extremely wealthy. Then Romney layers on a heaping batch of new tax cuts for the rich, including a full repeal of the estate tax—which is currently paid by only the richest 0.14 percent of estates—and a massive corporate tax cut.

       The result is a tax code that asks even less of the rich than George W. Bush’s did.

    This and his embrace of the Ryan budget plan are utterly tone deaf.

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