That’s the conclusion of a new report Senate Dems released today — one that was reviewed by nonpartisan experts at the Tax Policy Center.
Mitt Romney and Republicans like Paul Ryan regularly benefit from what you might call a presumption of deficit hawkery. Their fiscal plans cut taxes in ways that disproportionately benefit the rich, without specifying what loopholes and deductions would be closed to pay for those tax cuts and keep the budget balanced. But polls regularly show Romney is trusted on the deficit, and many commentators regularly claim Ryan is Very Serious about fiscal matters.
The new report from Senate Dems is designed to break that hold on the discourse Republicans enjoy.
“This report will help change the debate and show that Republicans are far more concerned with lowering tax rates on the very wealthy than on reducing the deficit,” Schumer said on a conference call with reporters. “So far Romney and Ryan have gotten away with not having to answer tough questions about their plans.”
“This report pulls up the skirts,” Schumer said.
The report finds that the Ryan budget — which Romney has endorsed — would require the middle class to pay much more in taxes to keep it revenue neutral. The Ryan plan would cut the top rate from 35 percent and replace the tax code with two brackets — 25 percent and 10 percent. The report says the only way to make up those revenues would be by getting rid of deductions that would mean taxes would go up by $2,700 on households that make between $100,000 and $200,000 per year.
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