But, of course, he can’t get elected to do that unless he lies to the voters. Jonathan Chait at NYMag‘s Daily Intel on “Mitt Romney’s big tax problem“:
Mitt Romney has been insisting for a while that he will not cut taxes for the rich, which everybody took to mean that he would lock into place the enormous, expiring Bush-era tax cuts for the rich, but cut taxes no deeper than that. He has said so over and over again. Here he is saying, “If I’m going to use precious dollars to reduce taxes, I want to focus on where the people are hurting the most, and that’s the middle class. I’m not worried about rich people.” And here’s Romney insisting, “I’m proposing no tax cuts for the rich.”
Today the Tax Policy Center analyzes his plan, and it turns out that Romney would, in fact, cut taxes for the rich, even below current levels. The highest-earning one percent would get an additional tax cut averaging $82,000 a year. Romney’s plan would also raise taxes on the lowest quintile by an average of $157 a year…
Greg Sargent at the Washington Post lines out the numbers:
Here’s the bottom line. When comparing how people are doing under today’s tax policies to how indivuals would do under Romney’s plan in 2015, these are the changes you’d see:
Individuals in the top 0.1 percent, or those making over $2.8 million, would get an income tax cut of nearly half a million dollars.
Individuals in the top one percent, or those making over $629,000, would get a cut of over $80,000.
Meanwhile, people in the other percentiles would see a tax reduction, but a far smaller one. Those in the 95-99 percentiles would see a tax cut of around $7,500. Those in the 90-95 percentiles would see a tax cut of around $2,500. And those in the 80-90 percentiles would see a cut of around $1,100.
Broken down by quintile, those in the fourth highest would see a tax cut of roughly $6,900; those in the third highest would see a cut of around $500; and those in the bottom two would see a slight increase…
You could say that Willard Romney is just another religiously-oriented GOP candidate; his true religion is the almighty dollar, every blessed one of which he wants taken from the heathen hands of peasants like us, and tendered to the pious care of his fellow Point-One-Percenters.