Does Romney want to win the presidency? It is a valid question after he attempted to use an overseas tragedy for political gain last week and has now insulted and dismissed 47% of the nation’s population.
By now you have likely seen this video:
Let’s clear up a couple of things that Mittens left on the cutting room floor. 47% of the population may not pay federal income tax, but they do pay these taxes:
- Social Security
- State & Local
When you factor in the amount of people included in the 47% who pay the payroll tax, the number drops to 18.1%. Of the remainder of those that do not pay federal income tax or payroll taxes, over half are elderly.
One of the bigger contributing credits for tax relief for low and middle-income earners is the Earned Income Tax Credit.
What Romney and many other Republicans forget, or choose to ignore, is that this is a creation of the GOP.
Originally proposed by Republican President Richard Nixon, the EITC was signed in by President Ford (also a Republican). Over the years the credit was extended by President Ronald Reagan twice (seriously, the Tea Party would hate this guy if he were running today) and again by President Bush 41 in 1990.
Yet another reminder this is not your father’s Republican Party.
Thankfully, we already knew how a Romney/Ryan administration would tackle the 47% of Americans that don’t pay federal income tax.
Going back to our entry The Taxes Chainsaw Massacre, we discussed Romney’s tax plan which reads the bottom 20% of earners would see a federal tax rate increase of 1.3% while the top 1% of earners would receive a 7.8% reduction.
Keep in mind, between the years of 1996 and 2006, the bottom 20% saw their after tax income drop by 6% while the top 1% saw their income increase by 74%.
In addition, under the Paul Ryan plan (a plan which Romney has called “marvelous”), we would see the end of the Earned Income Tax Credit (which would result in another tax increase for lower income earners).
We already understood the GOP ticket could financially destroy these people, and now we know they are not above insulting them.
“I’ll never convince them they should take personal responsibility and care for their lives,” Romney told his crowd of donors.
28.3% of those people are hard working Americans making the best of a bad economy sustained through the inaction of congressional Republicans.
In addition to workers and the elderly, the 47% also includes the poor, college students, veterans, and active duty military. Talk about covering your bases, Romney.
Maybe it’s time the GOP takes responsibility for their actions. They could start with the millions of people they kept unemployed by blocking the American Jobs Act.
They could also take accountability for every teacher, police officer and firefighter that lost their job due to layoffs, which may have been prevented through the Teachers and First Responders Back to Work Act (also blocked by Republicans).
As of yesterday, they can also take credit for the 20,000 veterans that will not benefit from the Veterans’ Jobs Bill (blocked by Republicans).
Let’s not forget responsibility for ensuring the gender gap in wages by blocking the Paycheck Fairness Act for women.
Mitt Romney, you and your party are the last people to accuse anybody of lacking responsibility.