Washington, U.S.A. — A Romney-Ryan White House would be a dream for the richest 1 percent of Americans who are millionaires, but an economic nightmare for the vast majority of middle-class and lower-income Americans, according to Americans for Tax Fairness Action.

“A Romney-Ryan White House would be Robin Hood in reverse, and that’s not the kind of America we want to live in,” said Frank Clemente, campaign manager for Americans for Tax Fairness Action. “Both of their budget plans would lavish the richest 1 percent of Americans who make over $1 million with yearly tax breaks of at least $250,000, while raising taxes on 95 percent of Americans who make less than $200,000. Politicians stacking the deck in favor of their wealthy campaign contributors and sticking the rest of us with the tab is not right.”

“We need to overhaul the tax code so that it reflects our values, and so everyone plays by the same rules and pays their fair share,” added Clemente. “That’s why we should end tax breaks for companies like those that Bain Capital invests in that ship jobs overseas, and level the playing field for small businesses that create jobs in America. We should end tax breaks for the rich like Mitt Romney who use offshore tax shelters in places like the Cayman Islands to avoid paying the taxes they owe, so they can pay a lower tax rate than the teachers who educate our kids.”

Romney’s tax plan, which would make the Bush tax cuts permanent, including for the richest 2 percent, and cut the top income tax rate by another 20 percent, would give people making over $1 million in 2013 a net tax cut of over $250,000, according to a new analysis by Citizens for Tax Justice. Romney’s tax plan would increase taxes by an average of $2,000 on families making less than $200,000 a year, according to a new report by the Tax Policy Center (see page 6 ).

Ryan authored the House budget t hat also wou ld make the Bush tax breaks permanent, including those for the richest 2 percent, and cut by 30 percent both the corporate income tax rate and the top tax rate paid by the wealthiest Americans.

It would give the richest Americans a tax break of nearly $300,000, while raising taxes on a typical household earning between $50,000 and $100,000 and filing jointly by over $1,350, according to the Joint Economic Committee. It also would end the Medicare guarantee and requires seniors to pay $6,000 more per year for fewer benefits than they get now, according to the Kaiser Family Foundation Program on Medicare Policy.

Americans for Tax Fairness Action is a 501c4 organization that is separate from the Americans for Tax Fairness coalition, which is a 501c3 organization The 140 organizations that comprise the ATF membership are separate and distinct from Americans for Tax Fairness Action. Any references to ATF action should not make any association between the coalition that comprises ATF and ATF Action

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As if there is not already too many Republicans cooks in the kitchen, former New York governor George Pataki may be considering entering the fray. Although earlier in the year, Pataki dismissed the idea that he would run for the White House, the Republican just can’t seem to help himself when looking at the crazy field out there.

The New York Daily News reports that close advisors to the former governor expect him to make his announcement but no date has been set. Despite his earlier denial, Pataki has been hinting of a possible run.

In June, Pataki told reporters that he would jump in if no one else with a credible chance of winning comes along. Clearly, televangelist Rick Perry, hypnotic Michele Bachmann and the man with a health care problem Mitt Romney are not credible chances. Pataki has relatively liberal social views which make his chance of winning his party’s nomination a degree above nil.

Meanwhile, Republicans voters are still begging for another candidate to enter the race. However, the name Pataki has never been mentioned. Despite Rep. Paul Ryan’s repeat announcement that he will not run for president, it seems his fan base is still encouraging him. Pressure is also mounting on New Jersey governor Chris Christie and Sarah Palin allegedly has not made up her mind yet.

“Do I think the field is complete yet? I would have thought so, but I’ve got to be honest. I think there could be a few more surprises,” said New Hampshire Republican Party Chairman Jack Kimball. According to the Wall Street Journal, former Reagan administration official William Bennett has urged Rep. Ryan to consider a presidential bid.

Christie has stated he has no plans to enter the presidential race either. “The intensity of the recruitment efforts has certainly increased to a new level, but nothing has changed in terms of the governor’s plans,” said Christie adviser Mike Du Haime.

Although many thought Perry would be the lifesaver of the party, it only took days for many party insiders to realize that Perry is not going to beat Obama in the general election.

Many big dollar donors are waiting on the sidelines before backing a candidate. Even with the potential of Sarah Palin jumping in and the former New York City Mayor Rudy Giuliani considering a run, time is running out.

“To develop a national campaign, you have to have been in a serious planning mode for months by now,” said Phil Musser, a Pawlenty adviser.

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Count Paul Ryan out of the presidential race, this time. Rep. Ryan (R-WI) has been floated as a possible presidential contender in an already overcrowded and strange field. But, the congressman says it isn’t happening.

Ryan issued a statement on Monday stating he appreciates supporters urging him to seek the 2012 nomination, but he hasn’t changed his mind about staying out of the race. Ryan is perhaps best known for his budget plan that would slash federal spending on various programs, including Medicare.

Ryan chairs the House Budget Committee. In his statement, he says he hopes the GOP will nominate a candidate committed to an agenda that “restores the promise and prosperity of our exceptional nation.”

Although it still appears that the GOP is searching for the one favorite candidate that could be the “savior.” Many thought Texas Governor Rick Perry would be that candidate but his new campaign has already run into a series of problems. Rumors last week surfaced stating that New Jersey governor Chris Christie would jump into the fold, but Christie’s camp has denied any plants to enter the race.

Meanwhile Rep. Ryan is trying to create more tax loopholes for his largest donors. For months, Ryan has argued that closing tax loopholes would help to pay for his proposed tax cuts in his budget plan.

“We’re talking about keeping revenues where they are, but having a better tax system to collect those revenues with an eye on economic growth and job creation,” he said during an April interview on National Public Radio’s “All Things Considered.”

He added, “You have to remember, the people in the top tax brackets are the ones who enjoy most of the loopholes and deductions.”

But, his record reflects a different attitude in general. Since Ryan was elected to Congress in 1998, he has tried to create an array of special loopholes specific for his top contributors. For example, S.C. Johnson & Son is one of Ryan’s biggest donors.

Ryan introduced two bills in May 2005 that would have granted the company special exemptions from tariffs. Specifically, his bills sought to suspend duties for imported components of “unique air freshener products … assembled by S.C. Johnson in the United States,” Ryan said during floor remarks at the time. Neither bill advanced.

A year later, Ryan put forward another bill to reduce the duty on S.C. Johnson cleaning appliances “capable of dispensing cleaning solution into a tub or shower enclosure using a button-activated, battery-powered piston pump controlled by a microchip.” That bill didn’t move.

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