Adviser Admits Romney’s Tax Plan Would Redistribute Wealth
Mitt Romney economic adviser Emil Henry tripled down on the GOP presidential candidate’s claim that 47 percent of Americans are “dependent upon government” and see themselves as “victims” because they don’t pay federal income taxes, during an appearance on MSNBC’s Up with Chris Hayes on Sunday. “You have a president who airs towards, in the very least, an entitlement society, a society of hand downs, a society of 46 million people on food stamps,” Henry said, adding that Romney opposes Obama’s efforts to “redistribute” wealth to those with lower incomes.
He then advocated for Romney’s tax reform plan — which he likened to a flat tax — of lowering the marginal rates by 20 percent across the board and limiting exemptions and deductions for the richest Americans, while providing the middle class with tax relief. “I have heard him say this 100 times and I know this for a fact, he says taxes on rich folks are not going to go down because of the elimination of exemptions,” Henry added.
But when Hayes pointed out the inconsistency of the charge, noting that taxes on wealthy people would have to come down substantially if Romney seeks to eliminate the “redistribution” inherent in America’s progressive tax code, Henry conceded that Republicans would also transfer wealth from one group to another:
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http://thinkprogress.org/economy/2012/09/23/894181/adviser-admits-that-romneys-tax-plan-would-redistribute-the-wealth/