Mitt Romney's tax plan could force 95 percent of the country to pay more, while cutting taxes for the "1%" by tens of thousands of dollars, according to a new analysis from the Tax Policy Center and the Brookings Institution.
Think about this plan as two steps. The first step, Romney's intended tax cuts, dig a hole. Step two is filling that hole by cutting tax spending, like the mortgage interest deductions and child tax credit. Even with a careful pruning of tax spending, the inevitable result is to massively swing the burden of taxes toward the "bottom 95%" because the top benefits so much from Romney's step one.