Thanks to commenter “kognyc” for pointing us to the above chart, which provides a perfect visual complement to Gary Rivlin’s story about how the poor people’s safety net is largely a myth. Here’s what Mitt’s Romney’s tax plan would really do: further increase income inequality in America by providing massive tax cuts to those at the top of the income scale and add to the tax burden of the poor and working poor. Just follow the logic: jobless benefits and health insurance are limited, housing assistance has been reduced, and ‘welfare’ has been devastated by budget cuts.
Frontpage: Wednesday, Feb. 1
- Pakistan Helping Afghan Taliban: A classified NATO report obtained by the BBC, based on thousands of interrogations, concludes that the Taliban has widespread support among the Afghan people and is being directly assisted by Pakistan’s intelligence service.
- Rich Patrons Fuel Romney Campaign: Federal election filings released Wednesday show that over 60 corporations and wealthy individuals gave checks of over $100,000 to Mitt Romney’s super PAC, Restore Our Future. Without giving through the super PAC, each of the donors would only legally be allowed to contribute $2,500 to the campaign.
- Gingrich Refuses to Drop Bid: Newt Gingrich is vowing to continue his campaign despite his double-digit loss in Florida.
- Romney: “I’m Not Concerned About the Very Poor”: “We have a safety net there,” Romney said on CNN Wednesday Morning.
- Facebook Prepares $5B IPO: You know what’s cool?
Photo: A Ron Paul supporter wore a sticker on his head at an event at Colorado State University.