January 5, 2012 The Tax Policy Center Newsletter The Romney Tax Plan
TPC analysis of the tax plan proposed by GOP presidential candidate Mitt Romney shows that in 2015, the plan would reduce federal revenues by $180 billion compared with current policy under which virtually all of the 2001-2010 tax cuts are permanently extended. Taxes would go down for about 40 percent of all households but savings would go disproportionately to the highest-income taxpayers--more than half would go to the top 1 percent (people with income over $630,000). Relative to current law, where most 2001-2010 tax cuts expire as scheduled in 2013, the plan would reduce revenues by nearly $600 billion in 2015. Nearly 80 percent of households would get a tax cut, but almost half of the benefit would go to the top 1 percent. See full analysis See distributional tables Rick Santorum's Tax Plan What Ever Happened to All Those Expiring Tax Breaks? Subscribe to Our Email Newsletter The nonpartisan Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. Urban Institute 2100 M Street, N.W. Washington, DC 20037 (202) 833-7200 Brookings Institution 1775 Massachusetts Avenue, N.W. Washington, DC 20036 (202) 797-6000 [Non-text portions of this message have been removed] ------------------------------------ --------------------------------------------------------------------------- LAAMN: Los Angeles Alternative Media Network --------------------------------------------------------------------------- Unsubscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Subscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Digest: <mailto:[email protected]> --------------------------------------------------------------------------- Help: <mailto:[email protected]?subject=laamn> --------------------------------------------------------------------------- Post: <mailto:[email protected]> --------------------------------------------------------------------------- Archive1: <http://www.egroups.com/messages/laamn> --------------------------------------------------------------------------- Archive2: <http://www.mail-archive.com/[email protected]> --------------------------------------------------------------------------- Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/laamn/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/laamn/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
