Romney Reveals Tax Plan

[courseofhistory]

Get the details

 

[occupied]

Wow it's about time they cleared that up, I applaud Romney for presenting such a detailed plan at long last.

 

[martybegan]

Get the details

"Paid for by the Democratic National Committee (202) 863-8000 | This communication is not authorized by any candidate or candidate's committee."

 

[courseofhistory]

Click on the red "details" button. (hint: details allude you!)

 

[VaYank5150]

Well, if Romney or Ryan, or ANYONE within his campaign would simply state how he plans to pull this off, none of this speculation would be out there....

 

[Liberty]

More income tax? Fuck that. Johnson 2012.

 

[rightwinger]

I'm sure Romney has a plan to cut taxes, increase military spending, protect major deductions, save medicare, rescue Social Security, Improve Obamacare..

All without increasing debt

He did work for Bain afterall

 

[martybegan]

Click on the red "details" button. (hint: details allude you!)

You imply this is Romney releasing said plan, it is instead a DNC hit piece.

That makes you a liar.

 

[BreezeWood]

so, where are the details ... who's lying?

 

[Truthseeker420]

Get the details

 

[g5000]

The "$5 trillion in tax cuts" is an extrapolation over ten years. $1 trillion of those cuts are cuts for the middle class such as the elimination of taxes on capital gains, dividends, and interest income.

Another trillion is the reduction of the top corporate tax rate from 35 percent to 25 percent.

Additional cuts come in the form of everyone's tax rates being lowered by 20 percent, and the elimination of the Alternative Minimum Tax.

The opposition to Romney would like you to believe that after you remove all the tax deductions for the rich, you come up a trillion dollars short in paying for all those cuts, and that means you have to take the rest out of the hides of the middle class.

But this assumes no economic recovery and subsequent growth which would provide higher revenues.

So will the Left try to sabotage Romney's plans for recovery as they so often accuse the Right of doing?



.

 

[VaYank5150]

The "$5 trillion in tax cuts" is an extrapolation over ten years. $1 trillion of those cuts are cuts for the middle class such as the elimination of taxes on capital gains, dividends, and interest income.

Another trillion is the reduction of the top corporate tax rate from 35 percent to 25 percent.

Additional cuts come in the form of everyone's tax rates being lowered by 20 percent, and the elimination of the Alternative Minimum Tax.

The opposition to Romney would like you to believe that after you remove all the tax deductions for the rich, you come up a trillion dollars short in paying for all those cuts, and that means you have to take the rest out of the hides of the middle class.

But this assumes no economic recovery and subsequent growth which would provide higher revenues.

So will the Left try to sabotage Romney's plans for recovery as they so often accuse the Right of doing?



.

OK...let's play Romney's assumption game.....assuming there is an economic recovery if he is elected, how long will it take to cover the cuts he wants to make? How many new jobs will he need to create and over what period of time in order to make this defecit neutral?

 

[g5000]

The "$5 trillion in tax cuts" is an extrapolation over ten years. $1 trillion of those cuts are cuts for the middle class such as the elimination of taxes on capital gains, dividends, and interest income.

Another trillion is the reduction of the top corporate tax rate from 35 percent to 25 percent.

Additional cuts come in the form of everyone's tax rates being lowered by 20 percent, and the elimination of the Alternative Minimum Tax.

The opposition to Romney would like you to believe that after you remove all the tax deductions for the rich, you come up a trillion dollars short in paying for all those cuts, and that means you have to take the rest out of the hides of the middle class.

But this assumes no economic recovery and subsequent growth which would provide higher revenues.

So will the Left try to sabotage Romney's plans for recovery as they so often accuse the Right of doing?



.

OK...let's play Romney's assumption game.....assuming there is an economic recovery if he is elected, how long will it take to cover the cuts he wants to make? How many new jobs will he need to create and over what period of time in order to make this defecit neutral?

To collect an additional trillion dollars over ten years, you only have to add $100 billion in revenues per year.

In 2011, the US collected $2.3 trillion.

The Obama White House is predicting $3.9 trillion in annual revenues by 2017.

Far, far more than enough to cover the bill.

If that assumes the expiration of the Bush tax cuts (which it probably does), then you can go back to 2006 (before the recession), where we collected $2.4 trillion during a normal economy. Again, enough to cover the bill.

.


.

 

[VaYank5150]

The "$5 trillion in tax cuts" is an extrapolation over ten years. $1 trillion of those cuts are cuts for the middle class such as the elimination of taxes on capital gains, dividends, and interest income.

Another trillion is the reduction of the top corporate tax rate from 35 percent to 25 percent.

Additional cuts come in the form of everyone's tax rates being lowered by 20 percent, and the elimination of the Alternative Minimum Tax.

The opposition to Romney would like you to believe that after you remove all the tax deductions for the rich, you come up a trillion dollars short in paying for all those cuts, and that means you have to take the rest out of the hides of the middle class.

But this assumes no economic recovery and subsequent growth which would provide higher revenues.

So will the Left try to sabotage Romney's plans for recovery as they so often accuse the Right of doing?



.

OK...let's play Romney's assumption game.....assuming there is an economic recovery if he is elected, how long will it take to cover the cuts he wants to make? How many new jobs will he need to create and over what period of time in order to make this defecit neutral?

To collect an additional trillion dollars over ten years, you only have to add $100 billion in revenues per year.

In 2011, the US collected $2.3 trillion.

The Obama White House is predicting $3.9 trillion in annual revenues by 2017.

Far, far more than enough to cover the bill.

It's only fair to use Obama's own optimistic projections.

If that assumes the expiration of the Bush tax cuts, then you can go back to 2006 (before the recession), where we collected $2.4 trillion during a normal economy. Again, enough to cover the bill.

.


.

And where is the additional $100B coming from, specifically?

 

[OohPooPahDoo]

Get the details

Romney will lower taxes for everyone while raising taxes on everyone. Thus closing the budget deficit for good.