Lakhota
Diamond Member
By Igor Volsky
Mitt Romney economic adviser Emil Henry tripled down on the GOP presidential candidates claim that 47 percent of Americans are dependent upon government and see themselves as victims because they dont pay federal income taxes, during an appearance on MSNBCs Up with Chris Hayes on Sunday. You have a president who errs 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 Obamas efforts to redistribute wealth to those with lower incomes.
He then advocated for Romneys 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 Americas progressive tax code, Henry conceded that Republicans would also transfer wealth from one group to another:
In fact, Romneys economic plan does provide substantial tax cuts to the wealthiest Americans and would redistribute wealth to the already wealthy. According to a Tax Policy Center analysis, the GOP presidential candidates proposal would increase after-tax income for those making more than $200,000 annually, while lowering it for everyone else:
More: Adviser Admits Romney's Tax Plan Would Redistribute Wealth | ThinkProgress
[ame=http://www.youtube.com/watch?v=XwF6Bw7fi_c&feature=player_embedded]Emil Henry on the flat tax - YouTube[/ame]