GOP Tax Plan
The Republican Tax Plan: You pay more so they pay less.
Define: Mitt Romney and Republicans in Congress want millions of hardworking Americans to pay more so the wealthiest few can pay less.
Explain: That's right. Tax breaks for them. Tax hikes for you. Their budget would cut taxes for hedge fund managers and trust fund kids, while raising taxes on the middle class.
Illustrate: They think the millionaire who's driving a red Ferrari should pay less taxes but the guy with grease under his fingernails who's fixing the brakes should pay more.
Expose: And as if being poor isn't hard enough work, Romney and Republicans in Congress would raise their taxes, too.
Values: Which America do we want: a nation where working families pay more so the wealthy can pay less, or one where everyone pays their fair share?
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WHAT YOU NEED TO KNOW
- The Republican tax plan would give millionaires a tax cut of $300,000 but raise taxes on working Americans who make between $50K-100K by between $1,300 and $4,500. (Full report here.)
- Many millionaires and billionaires -- approximately 55,000 -- are paying lower taxes than millions of middle-class Americans.
- In fact, in 2009, 1,500 millionaires managed to pay no federal income taxes on their millions.
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Posted in - Taxes - Economy