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Romney-Ryan Budget Gets Another Bad Review, This One From a Reagan Man

PRES. OBAMA continues to have serious challenges with middle class and white blue collar voters, but today David Stockman dismantles that it’s deserved. It’s not a question of mathematics, but one of relating to one another. Because ABC News reports yet another review of how Romney-Ryan economics hurts the middle class.

The House Republican budget for the 2013 fiscal year, passed by the House in June, would raise taxes by $1,358 for jointly-filing households earning between $50,000 and $100,000, assuming the additional income is taxed at a 10 percent rate, according to a report published earlier this summer by the Joint Economic Committee of Congress, authored by its chairman, Casey.

Households with incomes between $100,000 and $200,000 would see their taxes increase by $2,681, the Joint Economic Committee said.

This post has been updated.

About Taylor Marsh

Veteran political analyst and author. Former Miss Missouri, Broadway performer, & relationship consultant at the LA Weekly, produced a one-woman show titled "Weeping for JFK."

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