Spotlight Obama/Biden:Try out our new tax calculator

>James Kvaal – Policy Director, BarackObama.com [info@barackobama.com]

Obama - Biden
Friends–

If you’re like most middle-class Americans, Mitt Romney wants to raise your taxes.

President Obama? He’s cut them already, and would extend middle-class tax cuts into his second term.

We’ve put together a new tax calculator — go check it out. It’ll ask you to enter some basic information, then you can see — side by side — what the Obama and Romney tax plans mean for you.

This isn’t our analysis — it’s the conclusion of report released by the nonpartisan Tax Policy Center this week. They dug into the details of Romney’s plan, ran the numbers, and determined how it all shakes out for real people.

In this case, the numbers only tell one story: Middle-class families with children will pay an average of $2,000 more in taxes under Romney. And multi-millionaires would see an average $250,000 tax cut.

In other words, Mitt Romney’s plan asks 125 families (roughly) to foot the bill for just one of the big tax cuts he’d give out to folks at the very top.

Meanwhile, President Obama is working to extend the middle-class tax cuts worth $2,220 a year to a typical family. But Mitt Romney and his allies in Congress oppose these tax cuts unless they are attached to even more large tax cuts for the most fortunate families, putting the middle class at risk of another tax increase at the end of this year.

The Romney campaign disputes this new nonpartisan report, but it won’t provide a single new detail about just how they’d pay for their millionaires’ tax cut without raising taxes on middle-class families.

It’s not hard to understand why they don’t want to talk about the actual numbers here. But if they have a secret tax plan, they ought to put it on the table.

Use our tax calculator — then pass it around:

http://my.barackobama.com/Tax-Calculator

More to come — thanks,

James

James Kvaal
Policy Director
Obama for America

Paid for by Obama for America

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