Rep. Pallone on News 12 - Net Neutrality & GOP Tax Plan

Congressman Pauline discusses the ongoing fight to protect Net Neutrality and stop the GOP Tax Scam on News12NJ’s Power and Politics.

How Romney’s plan would increase taxes on the middle class

An independent report found that Mitt Romney’s plan to cut taxes for the wealthy will leave middle-class Americans footing the bill. Watch Deputy Campaign Manager Stephanie Cutter breaks down what Mitt Romney's tax plan means for families and how President Obama's plan will cut the deficit while still making the investments we need to grow and keep middle class families strong.

To see how each candidate’s plan would affect middle-class families like yours, check out this online tax calculator.

FACT CHECK: GOP adrift on small business claim

From the Associated Press via Yahoo News comes this little fact check pertaining to President Obama's tax plans:

 

WASHINGTON – Claims that President Barack Obama's tax plans are an assault on small business skirt the likelihood that most job-producing small businesses wouldn't feel that pinch at all.

Obama is proposing to raise taxes on households earning over $250,000 by increasing the rate on the top two tax brackets and limiting deductions, starting in 2011.

Republicans and other critics, knowing they will get little mileage from defending the rich, instead are casting the plan as a tax hit on people who run industrious little companies driving job growth.

That's not likely, according to one in-depth analysis, which found that more than 95 percent of small business owners would be off the hook.

Obama does not propose higher business taxes.

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