The Tax Policy Center provides its review of which taxpayers will pay more and which ones will pay less under the tax proposal introduced by Mitt Romney. A really short summary goes as follows:
(a) The well to do will pay less in taxes;
(b) The working poor will pay more in taxes; and
(c) Overall tax revenue will be significantly reduced.
But wasn’t that also the case for the Herman Cain tax proposal as well as any other tax proposal from the Republican candidates for President? And the Republicans claim they are for fiscal responsibility!