Chart: Mitt Romney’s tax plan would mostly benefit the rich

in Uncategorized by

Mitt Romney’s tax plan would mostly benefit the rich:

The Romney plan would provide massive tax cuts at the top of the income scale.  In fact, more than half of its total tax cuts would go to the top 1 percent of households (that is, people with incomes over $630,000), according to TPC. The average millionaire would receive a tax cut of $146,000 in 2015, in addition to the $141,000 he or she would receive from an extension of the Bush tax cuts. By contrast, the plan would hurt poor Americans by not extending some recently enacted tax policies aimed at low- and moderate-income families.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.