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Romney’s tax plan saves top 1 percent $82,000

at 03:27 PM ET, 01/05/2012

The Tax Policy Center has released its formal analysis of Mitt Romney’s tax plan. The result? Regressive, but not as regressive as the tax plans of his rivals. Compared to current rates, Romney’s plan would cost a family in the bottom 20 percent $157 and save a family in the top 1 percent $82,000. That looks pretty tilted toward the rich. But here it is against the other GOP tax plans the Tax Policy Center has assessed — and against President Obama’s September proposal to the supercommittee:

The Tax Policy Center hasn’t modeled Rick Santorum’s tax plan yet, but Howard Gleckman did take a first look. “Like other Republican tax planks, Santorum’s would benefit corporations and high-income individuals. No surprise there. But unlike his rivals, he’d also cut taxes for many families with children. Santorum is no bleeding heart, however. Even as he’d cut their taxes, he’d shred direct government spending for programs aimed at assisting these same households.”

 
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