Friday, January 06, 2012

The GOP: Looking out for the 1%

Kevin Drum presents charts from the Tax Policy Center, assessing the tax relief proposed by Romney, Gingrich, Cain (remember him?), and Perry. You will be surprised to see who gets the lion's share of the relief.

Okay, I lied. You weren't surprised at all, were you? But really, I *was* surprised: tax rates *decline* for millionaires as compared to those eking it out on $200K or $500K a year? Pretty egregious.

As Drum notes, Romney's plan lamentably fails: it's not generous towards the lower/middle classes, while coming nowhere near the giveaways to Mr. Moneybags offered by his rivals. But since he's Romney, I'm sure he will have another position to offer.

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