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

[ShaklesOfBigGov]

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

End of story.

Very true. Obama has no business knowledge experience, which is why his limited thinking is focused on doing the same thing over and over again: Federal Government spends money on infastructure, however most of the unemployed (plumbers, commercial electricians, computer analysts, jet engine specialists, etc.) aren't looking for temporary work that pays less than what they are qualified (through education) for.


How exactly does increasing taxes on businesses, mandating they pay the cost of healthcare for employees, pushing the expense of further costly regulations, allow them to have enough to hire MORE employees? This is why Obama's economy can only get a boost if small places like bars, restaurant waiters, and Toys R Us, hire more people. People having to work TWO jobs, are great for the jobs report when the Democrats don't want to talk details on those job numbers (income level). Obama just promises more of the same (as if lower income level jobs are considered "acceptable"). There are still over 1,200 electricians in Las Vegas alone looking for work, why can't they find employment?

 

[OohPooPahDoo]

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?

I believe he said it would stimulate the economy to encourage growth. Growth in itself brings in more revenue. I made that in two sentences so you could understand it. Hope that helps.

How will he encourage growth?

 

[OohPooPahDoo]

These nutters do not dig deeper once Mitt hands them the shovel. They just stand there and admire the pile of shit that he just created.

Which deductions, credits, exemptions, and loopholes does Mitt want to eliminate?

 

[ShaklesOfBigGov]

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.

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~!

It's interesting that Romney is painted as out-of-touch, yet remember the big oil spill disaster? (which Obama dragged his feet to contain because speeches blaming oil companies were more important than protecting the coastline). When the small businesses depending on revenue needed a boost in tourism, where did the Obama's vacation to? They would much rather mingle among the lifestyles of the rich at Martha's Vinyard. Romney is the one who is out of touch, and doesn't care abut the middle class? Really?

 

[OohPooPahDoo]

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

By lowering rates for those that pay taxes now, history suggests investments will increase and the economy will improve, thereby increasing the tax actual revenue realized.

Which history suggests this?

If the economy does not expand as much as is hoped following the tax rate decreases, eliminating loopholes will certainly boost revenue to the government.

How does this boost revenue to the government when the rates are lowered in exactly the same amount?

While these two actions tend to have opposite effects on the economy, the overall effect on the economy is very likely to be stimulative given the relatively few that benefit from loopholes vs. the many that will benefit from lower tax rates.

Which "loopholes" is he eliminating? How do we know how few people benefit from them if we don't know which ones they are and if so few people benefit from them how is it going to make up multi-trillion dollar gap left by the rate reduction?

Overall, it's a tax cut because so many more people and businesses will benefit from lower rates than will 'suffer' from the elimination of loopholes.

How do we know this when the "loopholes" haven't been specified?

Which loopholes ultimately get eliminated is a matter of debate among Congress.

??? What is MITT'S plan? To just say "hey Congress, I want you to cut taxes across the board by 20%, and then magically find enough loopholes to make up the difference but not enough for anyone to actually notice it in their tax bill" ? That's his plan?

Its funny how Mitt's plan is very detailed in the tax reductions he plans to ask Congress for but entirely vague in the area of how these reductions are going to be paid for, don'tcha think?

Because Congress gets a say in this. Unlike some Presidents (cough, cough), one hopes that Romney doesn't believe he can override laws written by Congress. Many of those loopholes are written into law, so it will require Congress to eliminate them.

WHICH LOOPHOLES?

 

[ShaklesOfBigGov]

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?

Before asking that question, you first have to remember how the US government works. The President cannot lower tax rates or end deductions without first negotiating with Congress about his proposals, so at this point all Romney can tell us is the outline of what he will propose to Congress and the details will emerge from negotiations between the WH and Congress.

Tax deductions for the most part are government incentives intended to direct spending or investment in certain directions instead of allowing free markets to guide consumers and investors. Vigorous free markets induce price competition and direct capital to its most productive (highest valued) use, so lowering tax rates will put more money into the hands of consumers and investors and ending the government's attempts to micromanage the economy through deductions will allow free market competition to stimulate the economy.

I'm aware of all that.

Which deductions, credits, exemptions, and loopholes would Romney like to get rid off?

I already know how to calculate what my taxes would be under Obama re-elected if his plan is enacted. I also know what my taxes are if nothing changes in the tax code. What I don't know is what I would pay under Mitt Romney.

What's wrong with everyone paying a flat Federal tax based on what is being purchased, a car, flat screen television, a yacht, a home. Now the lower 50% can actually contribute something to the national debt instead of living off the Federal Government like some expensive "assisted living" problem because they (1) dropped out of school and want to blame everyone else for their problems (2) have zero incentive to educate themselves at a skill [college, community college] and could at least show some initiative to work themselves OUT of poverty. What a novel idea!

 

[OohPooPahDoo]

How is such a simple premise lost on liberals? The notion is a fair one, that if offered from Clinton would be a raging success. Romney wants to get rid of loopholes for the rich --- and they are complaining about it.

Which loopholes in particular does he want to get rid of? The special tax rate for capital gains?

What the left wants is to punich the successful

Wait .. doesn't MItt want to increase the net tax liability of the rich? Or is he given them a reduction in net tax liability? Which is it?

 

[OohPooPahDoo]

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?

If you are really for the Rich Paying more, you should be for Reforming of the Deductions and Loop Holes. They are the ones who benefit the most from them.

Which deductions and loopholes does Mitt want to eliminate?

 

[OohPooPahDoo]

Trickle down government doesn't work, allowing the government to have more control will not create jobs, increase wealth or help the middle class.

Could you be more vague please? Also, please add more slogans.

 

[OohPooPahDoo]

Before asking that question, you first have to remember how the US government works. The President cannot lower tax rates or end deductions without first negotiating with Congress about his proposals, so at this point all Romney can tell us is the outline of what he will propose to Congress and the details will emerge from negotiations between the WH and Congress.

Tax deductions for the most part are government incentives intended to direct spending or investment in certain directions instead of allowing free markets to guide consumers and investors. Vigorous free markets induce price competition and direct capital to its most productive (highest valued) use, so lowering tax rates will put more money into the hands of consumers and investors and ending the government's attempts to micromanage the economy through deductions will allow free market competition to stimulate the economy.

I'm aware of all that.

Which deductions, credits, exemptions, and loopholes would Romney like to get rid off?

I already know how to calculate what my taxes would be under Obama re-elected if his plan is enacted. I also know what my taxes are if nothing changes in the tax code. What I don't know is what I would pay under Mitt Romney.

What's wrong with everyone paying a flat Federal tax based on what is being purchased, a car, flat screen television, a yacht, a home. Now the lower 50% can actually contribute something to the national debt instead of living off the Federal Government like some expensive "assisted living" problem because they (1) dropped out of school and want to blame everyone else for their problems (2) have zero incentive to educate themselves at a skill [college, community college] and show some initiative to work themselves OUT of poverty. What a novel idea!

Which deductions, credits, and loopholes will Mitt want to eliminate?

 

[ShaklesOfBigGov]

The Republicans would not allow it. Fuck you're dumb.

Oh yea, the republicans had a super majority in congress when Obama took office, i forgot. My bad. You're right.

The Republicans all voted agains Obama. Its their fucking fault it didn't pass moron. Do you honestly believe your own bullshit? The Democrats only even had a super-majority for 5 frickin months, almost half of which was during summer recess. You're full of fucking crap.

You're right. Republicans are why we don't have Obamacare .... wait it did pass
Ok, the stimulus bill ..... shit!
Cash for Clunkers? ..... Damn!
Solyndra, US Geothermal? .... oh the hell with it

Lets start with a list of jobs Harry Reid proposed in the senate. They couldn't pass even a budget plan, but I'm sure the Democrats can produce a whole list of jobs that was sent over to the house, or Harry Reid brought to the senate floor.

 

[ShaklesOfBigGov]

I'm aware of all that.

Which deductions, credits, exemptions, and loopholes would Romney like to get rid off?

I already know how to calculate what my taxes would be under Obama re-elected if his plan is enacted. I also know what my taxes are if nothing changes in the tax code. What I don't know is what I would pay under Mitt Romney.

What's wrong with everyone paying a flat Federal tax based on what is being purchased, a car, flat screen television, a yacht, a home. Now the lower 50% can actually contribute something to the national debt instead of living off the Federal Government like some expensive "assisted living" problem because they (1) dropped out of school and want to blame everyone else for their problems (2) have zero incentive to educate themselves at a skill [college, community college] and show some initiative to work themselves OUT of poverty. What a novel idea!

Which deductions, credits, and loopholes will Mitt want to eliminate?

Did I talk about loop holes or a flat tax? Perhaps you should attempt to read (use some basic literary skills) with what I said and proposed, instead of sticking to your tunnel-vision liberal talking points. This is why the economy under Obama isn't creating enough jobs, you get people like this stuck to the same ideology talking points. They wouldn't know HOW to stimululate the economy outside of what's already been done...... a temp fix that raises the debt and offers no long term high paying solution.

 

[Wry Catcher]

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?

Clearly you've not been listening between the lines(?), Romney will cut taxes for everyone, and the middle class will lose the mortgage deduction, Pell grant deductions, child care deductions and health care deductions; the money saved by the wealthiest Americans will trickle down to the rest.

 

[Jarhead]

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?

Clearly you've not been listening between the lines(?), Romney will cut taxes for everyone, and the middle class will lose the mortgage deduction, Pell grant deductions, child care deductions and health care deductions; the money saved by the wealthiest Americans will trickle down to the rest.

Seems to me you are not paying attention.

Romney made it clear that the dedcutiions he wants to eliminate are the ones that are primarily used by the more wealthy Americans.

You just didnt want to hear it....so you didnt.

Now...why didnt you want to hear it?

Becuase it would eliminate some juicy talking points.

Sort of like what you regurgitated in your post.

 

[eflatminor]

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

By lowering rates for those that pay taxes now, history suggests investments will increase and the economy will improve, thereby increasing the tax actual revenue realized.

Which history suggests this?



How does this boost revenue to the government when the rates are lowered in exactly the same amount?



Which "loopholes" is he eliminating? How do we know how few people benefit from them if we don't know which ones they are and if so few people benefit from them how is it going to make up multi-trillion dollar gap left by the rate reduction?




How do we know this when the "loopholes" haven't been specified?

Which loopholes ultimately get eliminated is a matter of debate among Congress.

??? What is MITT'S plan? To just say "hey Congress, I want you to cut taxes across the board by 20%, and then magically find enough loopholes to make up the difference but not enough for anyone to actually notice it in their tax bill" ? That's his plan?

Its funny how Mitt's plan is very detailed in the tax reductions he plans to ask Congress for but entirely vague in the area of how these reductions are going to be paid for, don'tcha think?

Because Congress gets a say in this. Unlike some Presidents (cough, cough), one hopes that Romney doesn't believe he can override laws written by Congress. Many of those loopholes are written into law, so it will require Congress to eliminate them.

WHICH LOOPHOLES?

To be determined. Relax. Romney doesn't get to choose which loopholes get axed. He has to involve Congress. Certainly you'd agree it's a good thing to try to eliminate loopholes, right?

Regarding the history of how tax cuts often result in increased tax revenues, read this:

[ame=http://www.amazon.com/The-End-Prosperity-Higher-Economy-If/dp/B0064XGGVE]The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen: Arthur B. Laffer,Stephen Moore,Peter Tanous: Amazon.com: Books[/ame]

 

[Jarhead]

By lowering rates for those that pay taxes now, history suggests investments will increase and the economy will improve, thereby increasing the tax actual revenue realized.

Which history suggests this?



How does this boost revenue to the government when the rates are lowered in exactly the same amount?



Which "loopholes" is he eliminating? How do we know how few people benefit from them if we don't know which ones they are and if so few people benefit from them how is it going to make up multi-trillion dollar gap left by the rate reduction?




How do we know this when the "loopholes" haven't been specified?

??? What is MITT'S plan? To just say "hey Congress, I want you to cut taxes across the board by 20%, and then magically find enough loopholes to make up the difference but not enough for anyone to actually notice it in their tax bill" ? That's his plan?

Its funny how Mitt's plan is very detailed in the tax reductions he plans to ask Congress for but entirely vague in the area of how these reductions are going to be paid for, don'tcha think?

Because Congress gets a say in this. Unlike some Presidents (cough, cough), one hopes that Romney doesn't believe he can override laws written by Congress. Many of those loopholes are written into law, so it will require Congress to eliminate them.

WHICH LOOPHOLES?

To be determined. Relax. Romney doesn't get to choose which loopholes get axed. He has to involve Congress. Certainly you'd agree it's a good thing to try to eliminate loopholes, right?

Regarding the history of how tax cuts often result in increased tax revenues, read this:

[ame=http://www.amazon.com/The-End-Prosperity-Higher-Economy-If/dp/B0064XGGVE]The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen: Arthur B. Laffer,Stephen Moore,Peter Tanous: Amazon.com: Books[/ame]

actually, it seems the left MUCH prefers a man to walk into the WH and make demands.....debate and discussion is off the table.

 

[OohPooPahDoo]

What's wrong with everyone paying a flat Federal tax based on what is being purchased, a car, flat screen television, a yacht, a home. Now the lower 50% can actually contribute something to the national debt instead of living off the Federal Government like some expensive "assisted living" problem because they (1) dropped out of school and want to blame everyone else for their problems (2) have zero incentive to educate themselves at a skill [college, community college] and show some initiative to work themselves OUT of poverty. What a novel idea!

Which deductions, credits, and loopholes will Mitt want to eliminate?

Did I talk about loop holes or a flat tax? Perhaps you should attempt to read (use some basic literary skills) with what I said and proposed, instead of sticking to your tunnel-vision liberal talking points. This is why the economy under Obama isn't creating enough jobs, you get people like this stuck to the same ideology talking points. They wouldn't know HOW to stimululate the economy outside of what's already been done...... a temp fix that raises the debt and offers no long term high paying solution.

Are you running for President? If not, I don't give a shit about your proposals. I started this thread to talk about MItt ROmney's tax plan. Is your name Mitt Romney?

 

[OohPooPahDoo]

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?

Clearly you've not been listening between the lines(?), Romney will cut taxes for everyone, and the middle class will lose the mortgage deduction, Pell grant deductions, child care deductions and health care deductions; the money saved by the wealthiest Americans will trickle down to the rest.

Seems to me you are not paying attention.

Romney made it clear that the dedcutiions he wants to eliminate are the ones that are primarily used by the more wealthy Americans.

Such as?

 

[OohPooPahDoo]

By lowering rates for those that pay taxes now, history suggests investments will increase and the economy will improve, thereby increasing the tax actual revenue realized.

Which history suggests this?



How does this boost revenue to the government when the rates are lowered in exactly the same amount?



Which "loopholes" is he eliminating? How do we know how few people benefit from them if we don't know which ones they are and if so few people benefit from them how is it going to make up multi-trillion dollar gap left by the rate reduction?




How do we know this when the "loopholes" haven't been specified?

??? What is MITT'S plan? To just say "hey Congress, I want you to cut taxes across the board by 20%, and then magically find enough loopholes to make up the difference but not enough for anyone to actually notice it in their tax bill" ? That's his plan?

Its funny how Mitt's plan is very detailed in the tax reductions he plans to ask Congress for but entirely vague in the area of how these reductions are going to be paid for, don'tcha think?

Because Congress gets a say in this. Unlike some Presidents (cough, cough), one hopes that Romney doesn't believe he can override laws written by Congress. Many of those loopholes are written into law, so it will require Congress to eliminate them.

WHICH LOOPHOLES?

To be determined.

So how do we know there are enough of them to make up the difference?

Relax. Romney doesn't get to choose which loopholes get axed. He has to involve Congress.

He has to involve Congress to get the rates cut, too, yet he has no trouble revealing the specifics of that part of the plan!

Certainly you'd agree it's a good thing to try to eliminate loopholes, right?

Which ones?

Regarding the history of how tax cuts often result in increased tax revenues, read this:

So you can't actually give a single historical example of what you're talking about in your own words
OK. I'm getting the picture now.

 

[OohPooPahDoo]

Which history suggests this?



How does this boost revenue to the government when the rates are lowered in exactly the same amount?



Which "loopholes" is he eliminating? How do we know how few people benefit from them if we don't know which ones they are and if so few people benefit from them how is it going to make up multi-trillion dollar gap left by the rate reduction?




How do we know this when the "loopholes" haven't been specified?

??? What is MITT'S plan? To just say "hey Congress, I want you to cut taxes across the board by 20%, and then magically find enough loopholes to make up the difference but not enough for anyone to actually notice it in their tax bill" ? That's his plan?

Its funny how Mitt's plan is very detailed in the tax reductions he plans to ask Congress for but entirely vague in the area of how these reductions are going to be paid for, don'tcha think?



WHICH LOOPHOLES?

To be determined. Relax. Romney doesn't get to choose which loopholes get axed. He has to involve Congress. Certainly you'd agree it's a good thing to try to eliminate loopholes, right?

Regarding the history of how tax cuts often result in increased tax revenues, read this:

[ame=http://www.amazon.com/The-End-Prosperity-Higher-Economy-If/dp/B0064XGGVE]The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen: Arthur B. Laffer,Stephen Moore,Peter Tanous: Amazon.com: Books[/ame]

actually, it seems the left MUCH prefers a man to walk into the WH and make demands.....debate and discussion is off the table.

Which loopholes would MItt like to eliminate?