Income inequality in the United States is higher in 2012 than at any time in American history since the 1920's. For presidential candidate Mitt Romney and his running mate Paul Ryan, they will be working hard to make sure that this gap widens even more.
Both Romney and Ryan have offered proposals for how to "get America's economy back on track," and while they sound appealing enough to the uninformed voter, expert analysis by nonpartisan auditors shows that specific plans offered by both men will not only make the rich richer and the poor poorer, but the economy will likely slip back into recession.
The nonpartisan Tax Policy Center published an analysis of Romney's tax plan earlier this month showing that his proposal would "provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers."
That's right: Romney would actually increase taxes for working Americans while giving big breaks to his buddies. The health of the American economy relies largely on the ability of the masses to spend money, and if we are paying more taxes, it does not take a rocket scientist to conclude that another recession is inevitable.
In Paul Ryan's now infamous plan put forth in the House last year, he proposes to balance the budget largely by slashing Medicare and Medicaid by a combined $1 trillion, which the nonpartisan Congressional Budget Office (CBO) says will do nothing to control healthcare costs; it will simply place a greater burden on the poor and elderly, groups of Americans the programs were designed to protect.
At a time when the richest 1% are far richer than at any time in generations, it is regrettable that all the Republican Party could offer is a pair of men who will continue to widen the wealth gap and place the American Dream even further out of reach for millions of hard-working Americans.
Let's learn from our mistakes, America. While the richest 1% are doing well, the rest of us are struggling, and we can't afford to pay more taxes. We simply cannot afford to elect Romney Hood and his Merry Man.
Submitted by Virtual Newsroom