Today, at a grassroots event in Mansfield, Ohio, President Obama highlighted a new report from the Tax Policy Center — a nonpartisan policy think tank — that concludes that Mitt Romney would have to raise taxes on millions of middle-class families with children by more than $2,000 to pay for his $5 trillion tax plan tilted to the wealthiest.
Steve Benen at The Maddow Blog buttresses the president’s point with this chart and more details here:
Notice that everyone’s tax burden go up under Romney’s vision, except those in the top 5%, who see get a generous windfall.
And here’s the kicker: I had to leave off the top 0.1% of earners, because it made the chart unreadable. If you’re in the bottom 80%, your tax increase under Romney would range from $128 to $1,880, but if you’re in the top 0.1%, your tax break would be worth nearly a quarter of a million dollars.
Not to pile on– okay, piling on– but there’s this letter from a group of about 100 rich progressives who are in the top 2% and are asking Congress to raise their taxes right. Now.
With a little more messaging like this, we may actually make a dent.
As you can see, they understood, supported, and took into account the, you know, context of President Obama’s “didn’t build that” statement, unlike the GOP.