Oh, please. Romney and Ryan talking about Obama wanting to redistribute wealth is absolutely absurd. They want to redistribute wealth from the poor to the wealthy.
I’ve noticed a trend in Romney and Ryan engaging in projection. Projection is defined as “Psychological projection or projection bias is a psychological defense mechanism where a person subconsciously denies his or her own attributes, thoughts, and emotions, which are then ascribed to the outside world, usually to other people.” ¹ You can be sure that almost anything Romney and Ryan accuse Obama and the Democrats of, it is they who are guilty of that very thing.
In picking Paul Ryan, Mitt Romney has doubled down on his own campaign promise to give big tax breaks to the wealthy, uniting himself with a candidate who goes even further to do so: While Romney would bring taxes for top incomes down to 28 percent, Ryan has proposed bringing the top rate down even lower, to 25 percent. Meanwhile, Ryan’s plan would actually increase the effective tax rate on the very poorest Americans by getting rid of tax breaks that benefit low earners.
Under Ryan’s plan, the six tiers of tax rates would be simplified to two rates: 25 percent for higher earners and 10 percent for lower-earners. But the overall impact of the Ryan budget would still disproportionately benefit the wealthy. The top 20 percent would get a $13,907 tax cut in 2015, and the top 1 percent would get a whopping $155,808 tax break, according to an analysis by the Tax Policy Center. By contrast, the bottom 20 percent of Americans would pay $159 more in taxes in 2015.