How does it stimulate the economy to cut taxes and then raise them the same amount?

Discussion in 'Politics' started by OohPooPahDoo, Oct 9, 2012.

  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    How does it stimulate the economy to cut taxes and then raise them the same amount? Romney's plan is to cut tax rates and then get rid of deductions, credits, and loopholes to make up the difference. How is that a tax cut? The federal government still extracts the same amount of money from the economy.

    Why hasn't he been more specific about which deductions, loopholes, and credits he's going to ax? Do we not have a right to know or is that a secret?
     
  2. Listening
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    Listening Gold Member

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    If this is really lost on you, then you should be spending your time elsewhere.

    It was explained in the debate to the degree it should have been (and Axelrod still can't keep his slimy hands off of it).
     
  3. Some Guy
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    Some Guy Deregulated User

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    First of all, when you talk about taxes, there's two main things: rates and revenues. He's talking about cutting the rates there.

    Second, would everyone not agree that deductions, credits and loopholes benefit the rich far more than the middle or lower class? If we lower rates but manage to cap deductions at say $10,000 per household which prevents billionaires from being able to save millions on deductions and loopholes, would that not prevent billionaires from circumventing paying their "fair share?" If they can't get all those breaks, deductions and loopholes to lower their effective rate then it's the liberal's beloved tax hike on the rich in comparison with the rest of the populace, is it not?

    Romney is proposing eliminating loopholes for the rich... and the liberals are whining about it. If Obama proposed the exact same thing and didn't give specifics, be honest, would you be upset about it?


    Candidates don't win elections by giving the specifics. The less specifics you can keep from people, the better, because the less there is to nitpick and possibly lose you votes because of it. We had a candidate in 2008 who did little more than say "Hope", "Change" and ride the anti-Bush wave and he got elected. Did you have a problem with lack of specifics back then? I'm guessing you didn't.
     
    Last edited: Oct 9, 2012
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    How does it reduce crime to increase abortions?
     
  5. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Why can't you explain it?
     
  6. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    Liberals don't understand economics.. They understand ONE THING- SPENDING.

    End of story.
     
  7. Katzndogz
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    Katzndogz Diamond Member

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    You could take a course in economics and taxation, or listen more carefully to Romney's plan. Someone who makes two million dollars a year can have the same tax rate as you do after exemptions and adjustments. But, if the rates are raised, YOU will be paying more, the two million dollar a year earner will pay slightly more, but with loopholes and exemptions will STILL make more than you. After all you aren't entitled to those exemptions. You don't make enough money. Lower the rate, so that YOU don't pay such a high tax. The person making two million dollars a year will pay a lower tax rate too, but won't have the same number of exemptions and will ultimately pay more.
     
  8. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Which deductions, credit, and loopholes?

    So Romney wants to raise the net tax liability of the rich? Or lower it?

    Which deductions, credit, and loopholes?

    Which ones is he proposing the elimination of?
    When did he do that?


    Obama's tax plan was actually very specific. Did you pay attention at all in 2008? He campaigned on removing the Bush tax cuts for singles making over 200k and married couples making over 250k. I don't know how he could have gotten more specific. Did you pay attention at all? I can't believe you missed that!
     
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    Last edited: Oct 9, 2012
  9. LadyGunSlinger
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    He doesn't want to hear it.. This thread is nothing more than a smoke screen to attack Mitt Romney on the same lies, distortions, propaganda that they've been doing.. the problem is, IT'S NO LONGER WORKING. Smart Americans heard and understood Romney last Wednesday night.. you liberals can't paint him and define him any longer. Now you actually have to run on that moron's record of failure.. GOOD LUCK WITH THAT~!
     
  10. OohPooPahDoo
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    Which loopholes and exemptions are you talking about?
     

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