Every Republican voter who earns less than $30k a year is totally screwing themselves, Romney and basically every Republican in Congress wants to raise your taxes so they can give their rich friends a huge tax break.
Mitt Romney has a tax plan that is only good for someone as rich as Mitt Romney. If Democrats can't say that without being afraid to offend their big donors they will lose on the most obvious issue, which is that Romney's basic tax, the GOP Ryan plan raises taxes on the people who are struggling the most so they can cut taxes for the rich who are struggling the least.
Trust me, if Jesus was going to cut your taxes, it wouldn't look like this. Jesus wouldn't raise taxes on the poor to cut taxes on the rich.
Hat tip to thinkprogress.org
If you earn less than $200k a year Romney will raise your taxes too. Really, when we apply the microscope closer the GOP has a plan to raise taxes on almost 99% of us so they can cut taxes for the wealthiest 1%.
According to a study prepared by the congressional Joint Economic Committee and verified by independent experts, the House Republican budget authored by Budget Committee Chairman Paul Ryan (R-WI) would raise taxes on families making less than $200,000, even while it gives millionaires a tax cut:If you do earn under $200k like the overwhelming majority of Americans the Romney/Ryan plan will supposedly cut your taxes but then raise them by closing certain loopholes that Mitt Romney will not name yet for some strange reason (he is full of Mitt), but notice how the tax cuts are only potentially subject to being closed off in ending loopholes when they don't affect millionaires and multi-millionaires, multi-millionaires like Mitt Romney.
So although households earning $100,000 to $200,000 a year would save about $7,000 from the lower tax rates in the GOP plan, those savings would be swamped by eliminating major deductions, according to the report by the Democratically controlled congressional Joint Economic Committee.
The net result: Married couples in that income range would pay an additional $2,700 annually to the Internal Revenue Service, on top of the tax increases that are scheduled to hit every American household when the George W. Bush-era cuts expire at the end of the year.
Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.
After all of their "Don't tax the rich" moaning and Grover Norquist pledges who do Republicans want to raise taxes on? The poor, the working class, the very people who were hit hardest when the Banksters crashed the economy and robbed the joint. This will make the economy worse for those people who can't afford their bills right now, let alone take on a higher tax rate. The only people we should be raising taxes on in America right now are the wealthy, and by that I mean $250k p/yr and up, and even then I think we could avoid raising taxes on the $250k-$999k p/yr crowd if we'd just raise taxes on the millionaires and multi-millionaires who can most easily afford it.
The problem is that America has two economies, one massive and rigged, the other shrinking and exploited, and Romney's plan, the Republican plan, is to engage in direct class warfare by making the working class and poor pay for EVERYTHING, the wars, the bailouts, the subsidies and corporate welfare, while cutting everything else. This isn't a tax proposal to solve America's deficit or debt problems, it's a plan elevate the rich on the backs of everyone else.
This tax plan brought forth by the GOP, a tax plan that has been voted on by almost every Congressional Republican and endorsed by Mitt Romney, this tax plan should cost the GOP this election. It is unthinkable that GOP voters who earn less than $30k a year would vote to raise their own taxes so the rich can have another tax cut. Democrats who want to win should be screaming this from the rooftops.
More below the fold
America has two economies.
One economy is in a depression. This economy exists for 95% of Americans. This covers the poorest of the poor, the vastly growing working poor and underemployed, the dying middle class which is on life support and the lower upper class. This economy IS in a depression. Raising taxes on the very people who we need to recover will prevent the economy from recovering. It's that simple.
The other economy is Too Big To Fail, it is subsidized and coddled and given favorable status in its' every whim. While the first and much smaller economy is in a full blown depression, the Too Big To Fail economy has it better than ever. Now, I thought every Republican signed a pledge to never raise taxes. Surprise! They lied. They will raise taxes, every Republican plans to raise your taxes if you are not rich. The economy that is in a depression is the one that is not for rich people. Rich people have their own economy, it is called the Plutonomy and it is doing very well, thank you very much. So Republicans are running for President and Congress with this big plan to raise your taxes so they can give tax cuts to their wealthy friends, they want to rob the economy to feed the Plutonomy. The Republican tax proposal would take from the poor and working class, the sick and the young, to give to the rich. This should disqualify them from office, and Democrats who want to win should be screaming this from the rooftops for the next few months/years.
A party for the rich and by the rich is a party that stands for nothing else. That is why Mitt Romney is their candidate. The GOP has a plan, to feed the working class to the rich and then exploit the hell out of the mess.
Admit it, Republicans want a prolonged deficit crisis and a prolonged economic debacle so they can exploit the hell out of it, and the Ryan Tax plan is Hoovernomics 2.0
For more of an in-depth look at the Romney/Ryan class war tax plan, check out eXtina's excellent post on New Report Finds Paul Ryan GOP Tax Reform Plan Would "Clobber" Middle Class With Higher Taxes
The floor is now yours . . . .
You can follow me on Twitter @JesseLaGreca