“Do we want to keep these tax cuts for the wealthiest Americans or do we want to keep investing in everything else? We can’t do both.” — President Obama in Las Vegas on Thursday
“Well, the United States has a huge budget deficit, so taxes are going to have to go up. And I certainly agree that they should go up more on the rich than everyone else. That’s just justice. Right now, I don’t feel like people like myself are paying as much as we should.” — Bill Gates in an interview with the BBC Wednesday
“President Obama wants to put free enterprise on trial. In the last few days, we have seen some desperate Republicans join forces with him. This is such a mistake for our party and for our nation. This country already has a leader who divides us with the bitter politics of envy. We must offer an alternative vision.” — Mitt Romney
“There is nobody in this country who got rich on his own. Nobody. You built a factory out there, good for you. But, I want to be clear: you moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did. Now look, you built a factory and it turned into something terrific or a great idea. God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.” — Elizabeth Warren
The math / the “envy:”
According to an analysis by Citizens for Tax Justice, the average tax cuts received by the richest 1 percent of Americans under the Republican candidates plans would be 270 times as large as the cut received by the middle class (via: Think Progress):
The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to almost half. The average tax cuts received by the richest one percent would be up to 270 times as large as the average tax cut received by middle-income Americans.
Using a current policy baseline, millions of middle class families would see a tax increase under Romney’s plan.