Romney's tax proposal gives big tax cuts the farther up the income ladder you are -

Romney's tax plan also RAISES taxes on the bottom 20%. All his tax plan does is shift more of the after-tax income to the higher income brackets which inevitably producers lower demand for the products companies want to sell. Lower sales means less job creation and more downward pressure on demand. THis is not how you build a growing economy. But Conservatives will never understand that if you want businesses to really grow, you have to have a populace with money in their pockets to spend.

WE can't build a strong economy with good job growth on increasing sales of yaughts and second homes to the very wealthy. Trickle down economics just does not work. George Bush and Alan Greenspan proved that beyond all shadow of doubt.

http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/07/19/romneys-and-obamas-tax-plans-in-one-new-and-improved-chart/





What you’re seeing there is the same data as on the first chart, but with “equally spaced intervals on the horizontal axis represent[ing] equal percentages of taxpayers.” The result is that the two candidate’s tax plans come through much more clearly. Romney’s plan is a large tax cut for the top 60 percent, a huge tax cut for the top few percent, and a significant tax increase for the bottom few percent, as he permits a few temporary tax breaks that benefit low-income folks to expire. Obama’s plan keeps the current tax rates for almost everyone but the top few percent, who face a very large tax increase.

It’s also worth noting that these numbers only tell half the story: Romney has promised to offset the cost of most of his tax plan through spending cuts and tax reforms, and so any analysis of who pays is incomplete without those policies. But that information is impossible to graph, as Romney hasn’t released it yet. All we can say is that since Romney has promised to increase spending on defense and honor Medicare and Social Security’s scheduled benefits for the next decade, it’s hard to see how he makes good on that promise without cutting deep into programs for the poor and tax preferences that benefit the middle class, and if that’s right, then the poor and middle class are paying much more than you can tell from the graph above.