The Republican Plan To Tax The Poor

July 24, 2012 | By
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Squareh00r/Flickr and OhioProgressive/Flickr

How will Republicans pay for their proposal to extend Bush-era tax cuts for the wealthiest two percent of Americans? In part, by raising taxes on low- and moderate-income working families.

According to the watchdog group Citizens for Tax Justice, the GOP’s tax plan would allow the expiration of tax breaks worth a total of $11.1 billion for 13 million working families. (Democrats want to keep those tax breaks in place.) That’s enough money to make up for 40 percent of the value of the GOP’s proposed tax cuts for the rich.

Read the whole story: MotherJones

 

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Category: NATIONAL, POLITICS

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