Those of us in the middle and working classes will see our taxes raised big time if Mitt Romney is elected president, according to a new report released today by the Center for America Progress at a day-long event examining Romney’s proposals. Romney is proposing a set of so-called tax reforms that would increase taxes for 18 million working families, meaning an average income couple with two kids would pay $850 per year more in taxes.

In sharp contrast, Romney would gain $4.5 million in tax cuts in just the first year, and rake in more than $100 million in tax breaks over his lifetime (click chart at left to expand).

House Republican leaders unveiled a budget plan today in which “once again rushed to the rescue of the 1 percent” by insisting that millionaires should not have to pay one penny in taxes, according to AFL-CIO President Richard Trumka. Instead,

the House Republican proposal would cut benefits for jobless workers, cut pay for public employees, cut preventive health services, reduce premium assistance for low- and middle-income individuals buying health insurance, and raise premiums for many Medicare beneficiaries. House Republicans obviously have more sympathy for millionaires than for the jobless.