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Compared to current law, under which the Bush tax cuts – and some additional cuts passed under Obama – would expire at the end of this year, Romney’s plan would result in a $600 billion reduction in federal revenue in 2015.
If those cuts don’t expire, Romney’s plan would reduce revenue by about $180 billion.
Romney's revenue agenda would look a lot like President George W. Bush’s, just more so.
Assuming the Bush tax cuts did expire, Romney’s plan would deliver an average tax cut of almost $300,000 to households making more than $1 million...
Under Romney’s plan, they’d get more than 28% of the cuts.
Those making $50,000 to $75,000 would have their taxes cut about $1,800.
http://www.latimes.com/news/politic...-rewards-the-wealthy-20120105,0,6950719.story
If those cuts don’t expire, Romney’s plan would reduce revenue by about $180 billion.
Romney's revenue agenda would look a lot like President George W. Bush’s, just more so.
Assuming the Bush tax cuts did expire, Romney’s plan would deliver an average tax cut of almost $300,000 to households making more than $1 million...
Under Romney’s plan, they’d get more than 28% of the cuts.
Those making $50,000 to $75,000 would have their taxes cut about $1,800.
http://www.latimes.com/news/politic...-rewards-the-wealthy-20120105,0,6950719.story