Thursday, August 16, 2012

Faux News: Ryan budget will increase taxes on poor, middle class

With friends like these.  From Faux News:
While claims that Ryan is slashing the budget are questionable, there are studies to back up claims that the repugicans' tax plans benefit the wealthy more than others.

A June study from the Joint Economic Committee -- which is chaired by a Democrat -- claims middle-class married couples could pay at least an extra $1,300 under Ryan's plan, while those earning more than $1 million a year could see a nearly $290,000 cut.

According to an Aug. 1 study released by the Tax Policy Center, Romney's tax plan would also include cuts that "predominantly favor upper-income taxpayers."

It projected taxpayers making more than $1 million would see tax cuts averaging $175,000. Those making between $75,000 and $100,000 would see an average tax cut of $1,800. And those making under $30,000 would see an average increase of $130, according to the report.

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