"Our major conclusion (Tax Policy Center) is that a revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed - including reducing marginal tax rates substantially, eliminating the individual alternative minimum tax (AMT) and maintaining all tax breaks for saving and investment - would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers."
God forbid they crunch Romney's purposefully vague budget plan! There is a litany of conservatives who are bashing TPC as "biased"... Bill O'Really, WSJ, and Washington Post editors have all piled on the "Tax Policy Center is Biased" bandwagon. Contradicting previous statements that TPC was non biased.
To further illustrate the point that the Tax Policy Center is NOT biased look to it's director. Donald Marron served on George W. Bush's Council of Economic Advisers. Right???
Paul Ryan's budget plan is basically Romney's budget plan... no matter how much Romney wishes to withhold details.
Here is what you can expect.
In many cases, low-income households would see a tax increase of $100 or less, but some would be hit harder. Among households earning between $10,000 and $20,000 a year, about 1 in 5 would get a tax increase averaging over $1,000, the Tax Policy Center analysis showed. Households earning more than $1 million a year would get nearly 40% of the benefits of the plan, with a cut averaging about $265,000.
In 2010, Ryan pushed a plan forward that would entirely eliminating taxes on capital gains, interest and dividends. Though the plan didn't get traction, Ryan hasn't retracted the "no taxes for billionaires plan".
As a stated Catholic, Paul Ryan's budget was so draconian, the U.S. Conference of Catholic Bishops condemned it "unjustified and wrong" and void of social justice.
They join a bevy of other religious groups condemning Paul Ryan's budget:
- NETWORK: "We agree with Catholic Bishops that Paul Ryan's budget fails the test of Catholic Social Teaching since it deliberately harms people at the economic margins. It is also unpatriotic because it says that we are an individualistic, selfish nation. This is emphatically not who we are. Both our Constitution and our faith teach us that "We the People" are called to care for one another, to have responsibility for each other. This year's election will present us with a critical choice. Do we want to favor the rich on the backs of people in need? Is that who we want to be?"
- Lisa Sharon Harper from Sojourners: "It is simply unconscionable to balance the budget on the backs of struggling Americans while protecting tax breaks for millionaires. Churches and faith-based nonprofits are already fighting an uphill battle to meet the needs of their communities. They don't need politicians making their work even harder because Congress is dead set on politicizing a simple duty of common sense governance."
- Rabbi Jack Moline of the Rabbinical Assembly: "The poor are not statistics ... it is unimaginable to look in the face of a child who would go hungry without government assistance and say, 'Sorry -- we need to reduce the deficit.'"
- Rev. Gabriele Salguero of the National Latino Evangelical coalition: "Budgets reflect our deepest moral commitments. Politicians ought to remember that protecting vulnerable families and children is at the center of the biblical command to care for the poor.
Argument Rules For R & R Ticket
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