As presidential hopeful Mitt Romney campaigns ahead of next week's Super Tuesday primary vote, we look at the winners and losers under his proposed tax plan. Romney has vowed tax breaks for all Americans, but a recent analysis by the Tax Policy Center found his plan would mostly benefit the wealthy -- while raising taxes on the poorest 125 million Americans. "All the Republicans have the same basic strategy. Reduce taxes on people who are already wealthy, and take away tax benefits for poor people, particularly who are striving to get out of their poverty, and restrict tax benefits for people who are workers in the middle class," says David Cay Johnston, a Pulitzer Prize-winning journalist who writes about taxes issues for Reuters. Cay Johnston is the author of "Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill). |
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OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.