How Romney’s Tax Plan Could Raise Middle-Class Taxes

The study was developed by the centrist Tax Policy Center and authored by economists who have worked under both the Obama and Bush administrations.

It concluded that Romneys proposed tax cuts – which include reducing all personal income taxes rates by 20 percent, eliminating the estate tax and zeroing-out taxes on investment income for couples earning less than $200,000 per year – would slash $360 billion in federal revenues in 2015.