The left’s insistence that their class warfare crusade was over, but their tour of lies and deception about Romney’s policies toward the rich have reached full bore.
Gov. Romney’s tax policies are most recently under attack, despite the fact the the Tax Policy Center who the advertisements cite, had to essentially guess about the specifics of Romney’s policy and how they would affect citizens.
Specifically, Donald Marron, who wrote the report said, “I don’t interpret (the report) as evidence that Gov. Romney wants to increase taxes on the middle class in order to cut taxes for the rich, as an Obama campaign ad claimed.”
Marron does say he believes the Romney plan cannot achieve it’s objective of cutting taxes across the board without closing some deduction loopholes for the middle class.
Certainly we can argue about the merits of Romney failing to be specific about which loopholes he’d close on the rich, but as Politifact also points out, most of the deductions in the tax code go to wealthy Americans.
The top 5 percent alone get 41 percent of the total tax savings associated with these breaks, the study found. The “middle” 60 percent of earners, by contrast, get less than a third of the benefit, said Roberton Williams, a senior fellow with the Urban Institute-Brookings Institution Tax Policy Center.
Moreover, President Obama’s attack ads insist “the rich” will get hundreds of thousands in lower taxes, while the middle class will see an added burden.
There’s no evidence that is true, as Romney has insisted his plan is to cut rates for everyone. It is, however, true that then you cut rates, the amounts appear skewed in favor the rich.
The fact of the matter is that when you’re talking about 4% fewer in taxes on $100,000 versus 4% fewer on $1 million dollars, the numbers will make it seem as though “the rich” are making out like bandits.
But this is how a ‘rate’ works. It’s the reason we use rates and don’t just say, “Everyone has to be pay the government $1,000 a year in taxes.”
As Politifact points out:
The big benefits for the top fifth of earners, as found by the Tax Policy Center, are in a group whose incomes start at $103,000. Is that “wealthy?”
Plenty of people would argue, particularly those near that $100,000 range, that this is the middle class. Add costs like school, especially college, and a mortgage and suddenly $100,000 doesn’t get you very far in today’s modern world.
Live in a city like New York or San Francisco, and $100,000 puts you decidedly in the middle class.
We know politicians make promises you can’t keep. Many make promises they don’t even intend to keep.
Mitt Romney has stated over and over that he wants people to pay lower effective tax rates. Remembering that half the country doesn’t pay taxes, that means a small portion of the working poor, the middle class and the so-called rich are the only ones who pay taxes in this country.
Given that he wants to lower tax rates across the board and close loopholes, something that would disproportionately effect the top earners, the left’s claim about Romney’s tax plan is disingenuous at best. When you consider Romney’s steadfastness in wanting to keep everyone’s rates low (and no evidence he “favors” the rich) the left’s accusations are baseless and essentially false.
Hopefully the GOP ticket will offer some clarity and specifics in the debates about its tax plan to finally put to bed the accusations from the left based on a study that directly disagrees with the Democratic claims.