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Romney’s Tax Program for Rich People

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Mitt RomneyPresidential Election candidate from US Republican party Mitt Romney has proposed tax cut at a reduced rate of 20% for the individual tax payers. As per many reports from analysts this proposal will only help the rich people of the US society. This will primarily boost the wealthiest tax payer of the society as well.

Tax Policy Center reports show tax reduction policy by Romney will generate 4.1% income after tax for individuals earning around $1 million per year. On the other hand such policy would reduce 1.2% for people earning fewer than $200,000.This tax cut will ensure more profit for richer. Such policy will also make greater change in gaining income. Popular tools of such tax cut include credit facilities for small job holder, reduction of interest rate in mortgage asset, employer health insurance charges etc.

On the issue of tax related issues of growth and problem in US both President Candidate Obama and Romney will face each other this November 6,2012.


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