Joe Biden: Romney tax plan would increase Social Security taxes by $460 per year

By Benjy Sarlin

Vice President Joe Biden charged Mitt Romney with threatening seniors’ Social Security benefits on Friday, opening up a new line of attack as polls show President Obama gaining ground with older voters.

“If Governor Romney’s plan goes into effect it could mean that every one of you would be paying more taxes on your Social Security,” Biden said at a rally in retiree-heavy Boca Raton, Fla. “The average senior would have to pay $460 a year more in taxes for their Social Security.”

Romney has not released a detailed Social Security plan, but an analysis of his tax proposals by the nonpartisan Tax Policy Center suggests that tax exemptions for seniors’ benefits would likely have to be cut to pay for Romney’s proposal for lower tax rates that disproportionately aid the wealthy. While Romney has disputed the study’s assumptions, he has repeatedly refused to release any details as to how his tax cuts would be paid for instead, leaving his vague plan an easy mark for Democratic attacks.

Biden said in his speech that Romney can’t pay for these tax breaks “unless they eviscerate the rest of the budget.”

More: Joe Biden Launches New Attack On Romney: He’ll Tax Your Social Security Beneifts | TPM2012

Video: [ame=http://www.youtube.com/watch?v=stAKm0HKX9A&feature=player_embedded]Vice President Biden: Under Romney-Ryan Plan, Seniors Could Pay More in Social Security Taxes - YouTube[/ame]

OMG how irresponsible of them to raise the Funds coming into SS.

lol
 
Romney Hood: Tax the poor and give to the rich.

POLITICS-Romney-Hood.jpg
 
Joe is quoting analyses from the nonpartisan Tax Policy Center.

Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.

Can you provide a more "credible" analytical source that shows Romney's tax plan won't raise Social Security taxes $460 per year?

Hey remember when Obama threatened to withhold Social Security checks from our elderly ?

"I cannot guarantee that those checks go out on August 3 if we haven't resolved this issue, because there may simply not be the money in the coffers to do it," Obama said in an interview on the CBS Evening News Tuesday evening.

"This is not just a matter of Social Security checks," Obama said. "These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out."

Obama: Social Security Checks Threatened If Debt Ceiling Deal Isn't Reached
 
The Tax Policy Center (TPC) is a joint venture of the Urban Institute and the Brookings Institution. Based in Washington D.C., United States, it aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner. The Center combines national experts in tax, expenditure, budget policy, and microsimulation modeling to concentrate on four overarching areas of tax policy that are critical to future debate: fair, simple and efficient taxation, social policy in the tax code, long-term implications of tax and budget choices, and state tax issues.

In 2002, tax experts who had served in the Ronald Reagan, George H.W. Bush, and Bill Clinton administrations established the Tax Policy Center to provide unbiased analysis of tax issues. The following year TPC developed a comprehensive tax simulation model to analyze the federal income tax and proposals to change it. That model has evolved to incorporate new and additional data, changes in federal tax law, and other aspects of the tax system and the economy.

More: Tax Policy Center - Wikipedia, the free encyclopedia
 
Joe is quoting analyses from the nonpartisan Tax Policy Center.

Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.

Can you provide a more "credible" analytical source that shows Romney's tax plan won't raise Social Security taxes $460 per year?

You didn't provide a source that showed it did. Why don't you come back when you have something to bring to the table, troll.
 
Romney has not released a detailed Social Security plan, but an analysis of his tax proposals by the nonpartisan Tax Policy Center suggests that tax exemptions for seniors’ benefits would likely have to be cut to pay for Romney’s proposal for lower tax rates that disproportionately aid the wealthy.

'suggests'

'likely'

Lot of hard facts there, huh Shitting Bull. :rolleyes:


dumb ass.
 

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