VaYank5150
Gold Member
Such as not having to pay taxes on offshore accounts.
VaYank...the left has been talking about all of the "loopholes" and "Tax havens" that only the wealthy such as Romney can capitalize on. What are they? I dont know. I have never been able to use them, so I never looked for them.
Cap gains is what it is all about......those with cap gains who do not pay regular income tax, take those cap gains and invest them in tax free situations.....I believe those are the ones who will feel it.
As for specifics...lets look at specifics...
According to Obama, he will cut into the deficit by increasing taxes to 40% on those making 250K or more...
Sounds good to those on the left..
But where are the specifics?
That will generate less than 100 Billion dollars....and we hgave a deeficit of 1.3 trillion.....so with that tax increase we decrease our deficit to 1.2 trillion.....so then he cuts spending by his proposed 2.5 times the increase in tax revenue.....so about .25 trillion...
Leaving us with a trillion dollar deficit.....oh joy.
Why are those "specifics" not being questioned by anyone?
As Romney made clear....
He worked with a legislature comprised of 87% democrats....if he walked in with "specifics" and said "pass this", he would have gotten nothing done.
Instead he presents "principles"....and he then works with both parties to come up with the specifics to acheive it.
You may want to criticize that philosophy....but I like it.
You are not going to get that sort of "only Romney needs to provide specifics" answer from me. What I thought was enlightening last night was that Obama was VERY specific. However, I began to ponder...."OK, Mr. President, since you have this specific plan to cut $4T from our defecit, which is great, but WHY are you holding it on your pocket after nearly four years? Why haven't you implemented it in your first term?"
Romneycare was the model for Obamacare, so I think that "debate" is a waste of time. I don't see how Romney can spit all over the ACA, while holding up his brilliant plan both at the same time.
Either way, the meme of it's all about jobs for Romney doesn't play for me, as he doesn't have any specifics on how he plans to create jobs, nor which types of jobs, nor how long it will take. Add to that, his tax cut plan is dependent on said job creation so as not to add to our defecit, and I see nothing more than a "vision", and if a "vision" is all he's got, well, we already have one of those in office now.
And finally, his desire to find budget cuts almost everywhere else except the bloated DoD budget does not fly with me. Why should the DoD budget be some sacred cow that is untouchable? How much do we really need? Can anyone answer that for sure?
Thats your ideology...and if you feel that way, then dont vote for him.
But to answer your question.....the Secretary of Defense is the best qualified to answer it.....and he said that the Obama cuts could be catastrophic.
From my ideological standpoint.....we are in a dnagerous world./ History has shown that those that appear to be the strongest militarily may have the least amount fof friends...but they also have the least amount of worry about a foreign attack.
Perhaps it is ideaology. But answer me this. How well did the largest, most advanced and most expensive military in the WORLD protect us on 9/11? Wasn't that a foreign attack?