Wednesday, November 14, 2012

Mitch McConnell recycles Romney line

Mitch McConnell, in essence, recycled a Mitt Romney line this past June when he appeared on CBS This Morning.  Nobody made a big deal about back then.

What McConnell said on the show:
“I understand full well that our friends on the other side live to every day to raise taxes...Almost 70 percent of the federal revenue is provided by the top 10 percent of taxpayers now. Between 45 and 50 percent of Americans pay no income tax at all.”
 Obviously,  he ignores the fact--like Romney did--that these people pay other forms of federal taxes.
The problem with McConnell's statement is that, at best, it's misleading. McConnell claims that nearly 50% of Americans don't pay income taxes, but he fails to mention the other numbers. The Americans McConnell is speaking of pay a state tax, a sales tax, a gas tax and many others. They also pay into the payroll tax of Social Security and Medicare. The reason many Americans don't pay a net federal income tax is because they make such a small amount of income that they qualify for a tax return.

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