The title of this post couldn't be more evident than in this chart of the % share of tax cuts by income proposed by each of the leading GOP candidates for president. Disregarding the economic reality that cutting taxes during a recession is insanely idiotic and goes against every economic principle of every sane human and disregarding what this loss of revenue for the government would do to the deficit that the GOP claims to care so much about (only when they are not in the presidency), what's so tragically sad is that the GOP's plans to revive a failing economy that has only provided wealth for the richest 1% of Americans is to -- get this -- give huge chunks of money to the 1% of us who aren't suffering in this economy and who haven't been suffering and who, in all analyses, helped bankrupt the economy, and who aren't creating jobs in this economy as it is. Seriously, if you vote for a candidate espousing these beliefs on the most important issue in 2012, you just -- I can't -- there are no words...
■ Former House Speaker Newt Gingrich’s $18.1 trillion tax plan would give the richest one percent of
Americans an average tax cut of $391,330, which would be over 190 times as large as the average tax cut of
$1,990 that the middle fifth of Americans would receive.
■ Texas Governor Rick Perry’s $10.5 trillion tax plan would give the richest one percent of Americans an
average tax cut of $272,730, which would be over 270 times as large as the average tax cut of $1,000 that the
middle fifth of Americans would receive.
■ Former Massachusetts Governor Mitt Romney’s $6.6 trillion tax plan would give the richest one percent of
Americans an average tax cut of $126,450, which would be over 100 times as large as the average tax cut of
$1,220 that the middle fifth of Americans would receive.
■ Former Senator Rick Santorum’s $9.4 trillion tax plan would give the richest one percent of Americans an
average tax cut of $217,500, which would be over 100 times as large as the average tax cut of $2,160 that the
middle fifth of Americans would receive.
Some Mitt-specific data after the jump...