Subject: Romney Tax Plan Would Raise Taxes on 95%
From: "Molly Magarik" <[email-masked]>
To: "Jim Smith" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Alexander Snyder-Mackler" <[email-masked]>, "Kaufman Ted" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Wed, 1 Aug 2012 09:26:51 -0400

Romney Tax Plan Would Raise Taxes on
95%<http://politicalwire.com/archives/2012/08/01/romney_tax_plan_would_raise_taxes_on_95.html>A
new Brookings
Institution/Tax Policy Center
study<http://www.brookings.edu/research/papers/2012/08/01-tax-reform-brown-gale-looney>finds
Mitt Romney's plan to overhaul the tax code "would produce cuts for
the richest 5% of Americans -- and bigger bills for everybody else."

The Washington Post<http://www.washingtonpost.com/business/economy/study-romney-tax-plan-would-result-in-cuts-for-rich-higher-burden-for-others/2012/08/01/gJQAbeCCOX_story.html>notes
the researchers seemed "to bend over backward to be fair to the
Republican presidential candidate" but "none of it helped Romney."

"His rate-cutting plan for individuals would reduce tax collections by
about $360 billion in 2015, the study says. To avoid increasing deficits --
as Romney has pledged -- the plan would have to generate an equivalent
amount of revenue by slashing tax breaks for mortgage interest,
employer-provided health care, education, medical expenses, state and local
taxes, and child care -- all breaks that benefit the middle class.