According to nonpartisan tax experts, if Mitt Romney wants to pay for his budget-busting $5 trillion tax cuts tilted towards millionaires and billionaires, he’ll have to raise taxes by $2,000 on the average middle-class family with children.
Ben Nesselhuf, Chairman of the South Dakota Democratic Party, released the following statement:
“The findings of the nonpartisan experts at the Tax Policy Center clearly lay out what the policies of a Romney Administration would be. In order to pay for his $5 trillion tax plan skewed to the wealthiest, Mitt Romney would raise taxes on middle class families. The people of [State] deserve better than these warmed over, failed policies of the past.
“Middle-class families will have a clear choice in this election and based on this new report from independent experts, that choice just got that much easier. Mitt Romney would finance $5 trillion in tax help for the wealthy on the backs of middle class families. America’s hardworking middle-class families can’t afford a tax hike and it’s shameful that Mitt Romney is willing to impose one on them so that millionaires and billionaires — like him — can get an additional tax break.
“The President understands that America’s economy grows when the middle-class prospers — but Mitt Romney doesn’t see it that way. This new independent report is further proof that he simply doesn’t understand the needs of middle-class families. Romney’s plan would do exactly what we can’t afford: raise taxes on the middle class to help pay for tax cuts for the rich. The choice in this election is clear – President Obama has the right plan to move us forward, prevent a tax hike on middle class families, and reduce our deficit in a balanced way while Mitt Romney would double down on the failed policies of the past – the very policies that benefited a few while devastating the middle class and our economy.”