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Facts

Posted on September 2, 2012 by Michael Froomkin

John Perr has 15 Things the GOP Doesn’t Want You to Know About Taxes and the Debt (complete with charts!) at Crooks and Liars.

Probably too much information all at once for many people, which I suspect is a big part of why the Romney campaign is doing as well as it is. Here are shortcuts to each item:

  1. President Obama Cut Taxes for Almost All Working Americans
  2. Ronald Reagan Tripled the National Debt
  3. George W. Bush Doubled the National Debt
  4. Reagan Raised Debt Ceiling 17 Times, Bush Seven
  5. Tax Cuts Don’t Pay for Themselves
  6. Almost All Working Americans Pay Taxes
  7. The GOP’s “Job Creators” Don’t Create Jobs
  8. Low Capital Gains Taxes Fuel Income Inequality…
  9. …But Not Investment
  10. The Estate Tax Has Virtually No Impact on Family Farms and Businesses
  11. Income Inequality Has Reached an 80 Year High…
  12. …While the Federal Tax Burden Has Hit a 60 Year Low
  13. Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
  14. Romney, Ryan Won’t Say Which of the $1 Trillion in Tax Breaks GOP Will End
  15. Romney-Ryan Will Add More Debt Than President Obama

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