They both are saying $200-250k and less is middle class for tax purposes. And I think they're both wrong-- it should be lowered to around $100k and taxes raised on those above that. But that won't fly in today's Congress, and, in fact, even the $250k level won't fly with the Norquist-no-tax-pledge-signing rubes on the right (i.e., all of them).
From the ABC article:
“Number two, don’t reduce the share of taxes paid by the wealthiest. The top 5 percent will still pay the same share of taxes they pay today.
No no no no NO.
a) The rich should be taxed MORE. Period.
b) This statement is completely at odds with his running mate's budget plan
. But hey, Ryan hasn't run the numbers
, so, like, everything will work out, right?
c) Coming from someone with off-shore tax shelters in the Cayman Islands and elsewhere, it rings completely hollow.
Oh, and this little blurb from the article is a positive GEM:
Democrats say Romney’s plan would cause a $2,000 tax hike on the middle class - something Romney disputes and points to a number of studies that say his plan to cut taxes will not increase the deficit, including one by Harvard professor Martin Feldstein.
Feldstein says Romney’s math will work, but he would have to eliminate the home mortgage, charitable, state and local tax deductions for incomes greater than $100,000.
When I pressed Romney on that point, he conceded that he actually hadn’t read the Feldstein report that he and Paul Ryan cite on the campaign trail.
“I haven’t seen his precise study,” he said.
He and Ryan seem to have this little problem of not reading the shit they talk about. Christ, they couldn't pass a freshman midterm and want to be elected to the highest offices in the land??