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Romney's tax plan makes his and the GOP's priorities plain.
Or perhaps I should say "priority", singlular, because there is obviously only one priority.
To cut taxes.
Period.
Especially on the rich.
If Romney really means what he says :rolleyes: about paying for the massive tax cuts (mostly for the already rich) through eliminating tax expenditures, then his plan would pay for the tax cuts for the rich primarily through ultimately raising taxes on the rest of us. Because the tax expenditures as a whole tend to benefit the middle class more than the rich.
It's all been spelled out by the non-partisan Tax Policy Center.
If you think that the already rich, currently enjoying the lowest overall tax rates in the last 80 years need a tax cut and the middle class should pay more taxes to pay for it, if you think that's the best way to address the deficit and stimulate the economy, then vote Republican.
If not, vote Democratic. Your nation, and your nation's pocketbook, will thank you for it.






“If we open up our borders … we could suppress wages of middle class jobs” – Alan GreenspanWe need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan






Otherwise, they won't hire us...to be their gardeners.![]()
You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen






It's really hard to cut taxes for those who don't pay any in the first place.
Of course this thread:
Romney's economic plan.
Wasn't good enough for you, was it?
Not nearly enough bile...
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Are you sure you are even qualified for that?












“If we open up our borders … we could suppress wages of middle class jobs” – Alan GreenspanWe need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan


















You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen






I agree. But one is still obviously better than the other:
Neither candidate is offering a realistic tax plan, because the fact is that the federal government is going to need more revenue than either is currently proposing. But the two men are not equivalent in their unrealism: Obama is proposing to raise revenue by around $80 billion a year compared with current policy, while Romney is proposing to cut revenue by around $450 billion a year compared with current policy. Obama is inadequate; Romney is intensely, screamingly irresponsible.
Last edited by jpn; 08-02-2012 at 08:13 PM.
Do you know what a tax expenditure is? It's basically a tax break. For example, one of the biggest is the home mortgage interest deduction. Romney says that he'll compensate for the revenues lost through his massive tax rate cuts by closing these tax breaks. Romney's problem is simple math: The size of the tax cut he’s proposing for the rich is larger than all of the tax expenditures that go to the rich put together. Get it now?
In order for his plan to not send the deficit soaring, he needs to close expenditures on the middle class (more precisely, those households earning less than $200,000 a year which is a very loose definition of "middle class"). In other words, raise their taxes. Which is precisely what this chart shows:
It's simple, straight-forward math. That's why Romney is so fucked. All he can do is lie about the reality of his own tax plan.
Last edited by jpn; 08-02-2012 at 08:18 PM.
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