Mitt Romney Wants a 12.5% Tax Break that you Pay For

"The Ryan plan would actually raise our taxes. As the Washington Post points out: "the tax reform plan that house republicans have advanced would sharply cut taxes for the wealthiest americans and could leave middle-class households facing much larger tax bills." Here's how it all breaks down - the Ryan plan creates just two tax brackets - drastically lowering the top income tax down to 25% and creating a second income tax rate of 10% for working people. That might looks like a good deal for everyone - but paul Ryan also eliminates a lot of tax deductions used by working people - so the end result actually works out to a tax increase for low and middle income Americans. These are the facts - the Paul Ryan budget, which - again - was voted on by nearly every single republican in the house - raises taxes on working people. I guess we've found the unwritten exception to millionaire and k street lobbyist grover norquist's pledge - tax increases are ok when they hit working people, but not okay when they hit rich people like Mitt Romney, Grover Norquist, and the Koch Brothers."