PETER FERRARA:: Don’t Believe Obama’s Ads, Romney Is A Middle Class Tax Cutter – Forbes
By MB Snow at August 26, 2012 | 12:48 am | Print
Barack Obama brazenly fabricates Mitt Romney’s tax proposals, pouring millions into advertising claiming those proposals would increase taxes by $2,000 a year on the average middle class family. That is how he debates a Romney tax plan that only cuts taxes on the middle class, repeatedly, with no middle class tax increase of any sort. Those middle class tax cuts would be an extension of 30 years of Reagan Republican tax policy only cutting federal income taxes on the middle class, to the point where the middle 20% of income earners by 2009 paid only a negligible portion of total federal income taxes.
Romney actually proposes cutting income tax rates across the board for everyone by 20%. That reprises Reagan’s 1980 campaign proposal to cut tax rates across the board by 30%, which was enacted in 1981 as a 25% income tax rate cut for everyone. Those sweeping tax rate cuts helped spawn the greatest economic boom in world history over the next generation, 1982 to 2007. That boom is now an established, recorded, factual result, and, therefore, is not an issue over which reasonable people can differ.
via Don’t Believe Obama’s Ads, Romney Is A Middle Class Tax Cutter – Forbes.
Barack Obama Commentary Election 2012 Featured General Mitt Romney Politics Taxes
