Economy

More Than Two Million African-American Households Would Face a Tax Hike Under Romney’s Plan

Mitt Romney is making his pitch to African-American voters at the NAACP conference today, but while he plans to focus on the economy, he probably won’t discuss the tax hike that many African-American households would face under his economic plan.

Romney has touted his tax plan as good for the middle class, with tax cuts for everyone. But while millionaires would indeed get a giant tax cut — worth hundreds of thousands of dollars — more than two million African-American working class families would lose their current tax credits for children and earned income.

And since Romney has not yet explained how he will pay for the millionaire tax cuts, the tax hike on working class families could be even higher.