Study: Romney plan raises taxes on poor families

Updated
 
Republican presidential hopeful, former Massachusetts Gov. Mitt Romney pauses while speaking during a town hall event in Peterborough, N.H., Saturday, Nov. 19, 2011.
Republican presidential hopeful, former Massachusetts Gov. Mitt Romney pauses while speaking during a town hall event in Peterborough, N.H., Saturday, Nov. 19, 2011.
AP Photo/Michael Dwyer

Republicans seem obsessed with poor people not paying enough taxes.  

Specifically, they’ve picked a fight with millions of Americans who make money and don’t pay federal income taxes (a.k.a. the working poor). 

“We Are the 53 Percent,” you hear the GOP say, forgetting to mention that, oh by the way, the 47 percent still pay other taxes like the payroll tax and excise taxes on things like gas, etc.

The latest attack on the working poor comes from Mitt Romney’s tax plan which, according to a new independent study, would cut revenues and increase the government’s budget deficit, while benefiting wealthy taxpayers more than others (sound familiar?).

The study by the Tax Policy Center says, on average, households making less than $20,000 would see their taxes increase by more than 60 percent by letting tax cuts enacted under President Barack Obama expire.  People making more than $1 million would get tax cuts averaging 15 percent.

Other GOP candidates have called for more sweeping tax plans, all with the same theme: big tax cuts for the wealthy which reduce tax revenue by billions each year.

Are we really going to go down this road again?  Ed will have more on the tax plan and middle class Mitt’s efforts to hide his wealth tonight on @edshow at 8pET!

Mitt Romney

Study: Romney plan raises taxes on poor families

Updated