A new report by the nonpartisan Tax Policy Center due out today said that Mitt Romney’s tax plan would provide tax cuts to the richest five percent of Americans, while hiking taxes on the rest.
And today, in a campaign appearance in Ohio, President Barack Obama harped on that report, telling his audience that Mr. Romney wants them to pay more so that he can give tax cuts to his wealthy allies.
According to excerpts sent out by Obama for America:
“And yet, the centerpiece of my opponent’s entire economic plan is a new, $5 trillion tax cut. A lot of this tax cut would go to the wealthiest 1% of all households. Folks making more than $3 million a year – the top one-tenth of one percent – would get a tax cut worth almost a quarter of a million dollars. A quarter of a million dollars. Read More