Showing posts with label defend the rich. Show all posts
Showing posts with label defend the rich. Show all posts

Monday, September 17, 2012

Romney Tells Wealthy Donors That 47% Of Americans Are Lazy Moochers


By Annie-Rose Strasser/Think Progress
It’s only September, but Mitt Romney has already written off almost half the country’s voters. A hidden-camera recording obtained by Mother Jones captures Romney at a private fundraiser telling donors that, “There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it.” Watch it:
Publicly, Romney claims that he aims to help middle-class Americans. As he told CNN’s Gloria Borger last month, “I know the very wealthy are going to do just fine whoever is elected. The middle class is the people that is the group of people that I am most concerned about, they need our – and the poor – they need our help. They need our help with good jobs. That is only going to come if we encourage this economy by keeping the burdens on small business down.”
UPDATE
Romney from April 11, 2012: “Is there anyone who believes that dividing America and trying to find some group to tax more is somehow going to create more jobs?”

Tuesday, November 29, 2011

GOP Willing To Raise Payroll Taxes On 113 Million Households To Spare 345,000 Millionaires From Tiny Surtax


By Pat Garofalo/Think Progress

Senate Democrats yesterday introduced legislation — as they’ve been promising to — that would extend a soon-to-expire payroll tax cut, and pay for it by implementing a surtaxon income above $1 million. Republicans, of course, are opposing the plan, reviving their false claims that taxing the very wealthiest Americans will hit small businesses and job creators.
In essence, the GOP is saying that it’s willing to allow higher taxes on middle- and lower-income Americans in order to prevent tax increases on the very wealthy. According to an analysis by Citizens for Tax Justice, provided to the Washington Post’s Greg Sargent, the surtax would affect exceedingly few taxpayers, while a payroll tax cut expiration would wallop more than 100 million households:
The surtax would impact around 345,000 taxpayers, roughly 0.2 percent of taxpayers, or one in 500 of them. Those people would pay on average an additional 2.1 percent of their overall income, or just over 1/50th of that overall income, in taxes.
In a majority of states, only one-tenth of one percent, or one in 1,000 taxpayers, would pay this surtax.
And how many people would benefit from the payroll tax cut? According to the group, around 113 million tax filing units — either single workers or families that include more than one worker — would see their payroll tax cut extended.That’s a lot of people — well over 113 million workers, in fact.
Allowing the payroll tax cut to expire at the end of the year would hit middle-class families with a $1,000 tax increase, providing a substantial drag on the economy. In fact, according to Macroeconomic Advisers, allowing the payroll tax cut to lapse “would reduce GDP growth by 0.5 percent and cost the economy 400,000 jobs.” Other estimates are even worse, with Barclays’s estimating that a payroll tax increase could say 1.5 percent off of GDP growth.
The GOP has, time and again, blocked any legislation that would increase taxes by the slightest amount on the ultra-wealthy, even with tax revenue at a 60 year low, taxes on the rich thelowest they’ve been in a generation, and income inequality out of control. Instead, Republicans would prefer to raise taxes on the middle-class, knocking the economy where it can least afford it.