out today and will not out today but romney's tax plan an analysis of it from
the brookings institute the urban institute uh... they've formed a tax
policy center they look at this stuff of course or romney's people calling that a
giant liberal think tank so we expect so
uh... there's no evidence whatsoever you know that they are no one of their right
mind fixed up but uh...
they have uh... they've come down pretty hard on ronnie splat
twenty percent
and what that would mean to anybody
except the richest americans
for which it would mean in a not surprising development
more great news
yet so they just break this down real quick some of the
parts of the tax proposal from the hasi assessments are
you reduce taxes by twenty percent across-the-board right so now that helps
some in the middle class but they didn't get hurt by love for example explain the
second
but it helps ah... ah... the guys at the top of the wreckage
tremendously
estate tax the different time
so that only applies to the richest of the wreckage of with estates over five
million dollars
uh... the lower corporate tax rates they you know as the alternate minimum tax
proposal that does not controversial but is another tax cut and the list goes on
and on the debate over georgia brown's most takes a week avenues and dividends
taxes so these massive tax cuts some homsy like they have a middle class but
as your about the c_n_n_-time the they do not and sold it to make that i
believe i call the flap actually right to twenty percent tax cut across the
board
but that so what they instituted with that falls delegated say we're gonna
make this deal most progressive twenty percent tax cut there is
so we're gonna give mit romney every break as we study this as possible
right we're gonna take away every single
there is for the rich
all of them
and then see if
as mit romney says
you want to begin but before we get to those numbers
about we take a look that sort of
just where the rich are
senators out there
uh... really took all the other ninety nine percent they've asked uh... they
last a very program of the question that i think a
you know the the every campaign year i was actually better off now
that you were four years ago
so they've said the question should be phrase like that you better off than you
were before the bush tax cuts
but that such a great question
who thinks that other than the millionaires who thinks they're better
off than they were before the uh... bush tax cuts
saying because of the bush tax with that if you're back up
romney's twenty percent cut she says will be a it'll help but everyday
middle-income americans that's as big pushkar
so again so the tax policy center
gives every possible break they could
the middle-income americans right they don't
there to the loopholes would take away as many as the
conceivably possible those progressive tax possible
here's how the browning tax cuts looks again according to the tax policy center
if you're making between two hundred and five hundred thousand a year
your tax break would be
eighteen hundred bucks exterior
mhm reasonable thing to get people to accelerator
unique between pattern at house in in a million it goes up to seventeen thousand
out look at them to make over a million dollars here
the average
would be a tax break of eighty seven thousand dollars a year
extra money for you
now this is fine
top of the bush tax cuts so that the bush access millionaires had already
gone there for example a hundred and ten thousand dollar tax break now i gotta
get however eighty seven thousand dollar tax break and romney's big point here is
that this will be
mhm the grand total all those tax breaks to people making between two hundred
thousand dollars and and infinite number of millie
is eighty six billion dollars a year in tax cuts
eighty six billion dollars
and so and by the way
eat you know those taxes wind up with a deficit over ten year period
preteen extra deficit of three
trillion dollars
does adding three trillion dollars in assets toward debt
he says it'll be revenue-neutral
so obviously
somebody else can to pick up that revenue
that's exactly right so now the thing is
now in order for to be revenue-neutral immediately mit romney the benefit of
doubt what do you know unity will the deductions right and he has been big
about what deductions he would
it anyway but if you've got to be peras program you make these assumptions on
the home mortgage deductions
the child tax credit to senator now so what does that leave you with
somebody's gotta pay the bill and you'd be shocked to find out it to you
mckay if you make me under two hundred thousand dollars which by the way is
ninety five percent of us ninety five percent you're actually going to get
attacks
increase the average will be and this is the final graphic with graphic for
very simple this is for everybody rounded up obviously it breaks that they
break it down more specifically what all about you know too much with numbers
when it comes to an average
five hundred dollars more buddy year about five hundred dollars for everyone
making less than two hundred thousand dollars so understands
ninety five percent of us
have to take five hundred dollars out of our pocket on it
and give it to the rich
so they can get and other eighty seven thousand dollars
for millions now
thing about it this way
and as i said you're making a million dollars okay
that you hear me he has been run lead in twenty ten over twenty million dollars
in aid over twenty one million dollars
some rough mass
he times of by twenty two eighty seven thousand okay
we're looking at
probably one of two point seven million dollar tax cut for himself
may one day he started all of your pocket indians in south a one point
seven million artifacts that
that's unbelievable will be run for president and say hey you know question
what's ninety five percent of you
katie