[NC_Skins]

Originally Posted by TheMalcolmConnection

Now, that is something relevant to my interests. I know that Democrats tend to harp on the tax breaks for the wealthy and tax increase for the middle class. Is this true? If so, does anyone have any websites or facts to back that up?

FactCheck.org : Romney’s Impossible Tax Promise

The TPC’s detailed calculations showed that — before any reduction of tax deductions — Romney’s plan would result in 99.97 percent of those making $1 million a year or more getting a tax cut (compared with what they pay now) and that the cuts would average $256,603 each. But further down the income scale, the benefit would be considerably less. For those making between $50,000 and $75,000, for example, 94 percent would see a tax cut, and it would average $1,226, before any loss of deductions or credits. These cuts are all in addition to those enacted during the Bush administration, and Romney would not allow those to expire as scheduled.

The Romney campaign insists that economic growth will somehow make its tax plan work as promised, but we’ve seen nothing to support that. Romney’s experts predict about a 1 percent increase in growth. Looney, one of the authors of the Tax Policy Center study, calls that “an implausibly large estimate,” but nevertheless ran the study again assuming that growth rate and an additional 12 million jobs. The result, he told ABC News, is that it would offset only about 15 percent of Romney’s revenue loss from individual tax cuts.

“Even in that case, there’s still a shift in the tax burden from high-income taxpayers to low- and or middle-income taxpayers,” Looney told ABC News. “It’s smaller, but it would require a net tax increase on the middle class.”

So basically, it will end up with the middle class having a increase on their taxes (due to deductions being closed ...mort interests, etc) while the rich get a 250k tax break. For Romney to be such a great business man, his numbers have never added up.