Mitt Romney is outraged that anyone would dare criticize the fairness of his across-the-board 20% tax cut proposal. The criticism is that this would benefit very, very rich people a very, very great deal and poor or middle class Americans far less. In fact the proposal was found to cause a net income penalty for most Americans.
The report by the centrist Tax Policy Center found that Romney's tax cuts would boost after-tax income by an average of 4.1 percent for those earning more than $1 million a year, while reducing by an average of 1.2 percent the after-tax income of individuals earning less than $200,000.
Oh Mitt, oh dear. Meanwhile Robert Reich delivers a powerful look at what is really at stake in America's 2012 elections.