New Report: Romney Tax Plan Forces $2,000 Tax Hike on Middle Class Families to Pay for Tax Cuts for Millionaires and Billionaires

Jul 31, 2012

According to nonpartisan tax experts, if Mitt Romney wants to pay for his budget-busting $5 trillion tax cuts tilted towards millionaires and billionaires, he’ll have to raise taxes by $2,000 on the average middle class family with children.

Democratic Party of Wisconsin Chair Mike Tate released the following statement:

“The findings of the nonpartisan experts at the Tax Policy Center clearly lay out what the policies of a Romney Administration would be. To pay for his $5 trillion tax plan skewed to the wealthiest, Mitt Romney would raise taxes on middle class families. Tax plans that benefit the rich at the expense of the middle class have been embraced by everyone from Tommy Thompson and Eric Hovde to Sean Duffy and Reid Ribble.

“The people of Wisconsin deserve better than these warmed over, failed policies of the past.

“Middle class families have a clear choice in this election and based on this new report from independent experts, that choice just got that much clearer. Mitt Romney would finance $5 trillion in tax cuts for the wealthy on the backs of middle class families. America’s hardworking middle class families can’t afford a tax hike and it’s shameful that Mitt Romney is willing to impose one on them so that millionaires and billionaires  like him, Eric Hovde and Tommy Thompson  can get an additional tax break.

“The President understands that America’s economy grows when the middle class prospers  but Mitt Romney doesn’t see it that way. This new independent report is further proof that he and the Republicans simply don’t understand the needs of middle class families. Romney’s plan would do exactly what we can’t afford: raise taxes on the middle class to help pay for tax cuts for the rich. The choice in this election is clear  President Obama has the right plan to move us forward, prevent a tax hike on middle class families, and reduce our deficit in a balanced way while Mitt Romney would double down on the failed policies of the past  the very policies that benefited a few while devastating the middle class and our economy.”