News has come out that Mitt Romney’s Tax Cut plan would TRIPLE the benefit to the top one percent of the population, which includes Mitt Romney.
George W. Bush’s tax cuts were equivalent to one percent of Gross Domestic Product at the time, while Romney’s tax cuts would be equivalent of 3.4 percent of GDP, and cause massive cuts in domestic social programs, including Social Security, Medicare and Medicaid.
Romney himself would gain a 40 percent or greater tax cut, added on to his 15 percent or less tax burden now.
No wonder Romney does not wish us to see how he acquired his $250 million wealth over the years, and refuses up to now to reveal his past tax returns, even though his father, George Romney, was path breaking, in releasing 12 years of tax returns when he ran for President in 1968 as a potential Republican nominee.
So senior citizens and the poor would bear the burden of Romney’s tax cut plan, as he is very willing to enrich the “one percent” at the expense of the rest of us.
How could anyone support Romney against Barack Obama hearing the truth about the Romney tax plan? It is again an example of the tone deafness of many people, who secretly still hate that a guy who is black is our President! There is no rational explanation otherwise, sorry to say, why anyone would vote against his or her own economic interest!