The 5trillion OBAMA lie: Princeton Economist: Obama Campaign Is Misrepresenting My St

[LadyGunSlinger]

Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan | The Weekly Standard



Well well well.. The Liar-N-Chief strikes again!! All of you liberal ZOMBIE herd said:????????? What?? I can't hear you?!

 

[LadyGunSlinger]

Another lie the messiah is busted in.. All we've heard are a bunch of bedwetting libruls running around this forum screaming about a 5 trillion dollar tax burden.. It didn't matter what Romey stated in the debate as to his OWN policy, they still went with that PROPAGANDA.. NOW the Princeton Economist who Obama touted as to proof of Romney's tax plan comes out and says BARAQ is a liar.. He never said that!!! Hey, this sounds like DEBBIE LYERMAN SCHULTZ Part Deux!

[ame=http://www.youtube.com/watch?v=VVEpKQHs6Ac]Busted: Debbie Wasserman Schultz Caught Lying on Live TV - YouTube[/ame]

LOL

 

[ScreamingEagle]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

 

[occupied]

Wow another one, guess you guys just repost the same shit when someone spoils the last thread with dirty liberal facts.

 

[TNHarley]

UMM.. he misrepresents the entire country, and everything it was built upon.. Get it right! lol

 

[VaYank5150]

Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan | The Weekly Standard



Well well well.. The Liar-N-Chief strikes again!! All of you liberal ZOMBIE herd said:????????? What?? I can't hear you?!

How many times are you going to start a thread on this same thing? Once again, if Romney would simply expalin SPECIFICALLY how his tax plan is supposed to work, he wouldn't have to leave it up to others to explain how it won't work for him...

 

[auditor0007]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

 

[VaYank5150]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

Even Romney's website won't state which loopholes he will close.

 

[depotoo]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

Show me where he said stated he would raise $500 billion per year by reducing loopholes?

 

[g5000]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

Care to list those expenditures he is going to eliminate? Or are you just taking a politician's promises on sheer faith?

.

 

[g5000]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

I think you are the one who is mathematically challenged. There are over a trillion dollars of tax expenditures in current law. If you don't believe me, you can read this. It is from the Senate Democrats, so you can't say it is tainted by GOP bias.

No need to raise GDP at all if we eliminated all tax expenditures.

Not only that, the left-leaning study which said Romney's plan had a $86billlion budget gap assumed NO growth in our economy.

If we assume, as in their model, that 21.3 percent of capital income taxes and 13.5 percent of labor income taxes are offset by higher growth after five years this would imply a revenue offset of 14.7 percent. (Assuming the tax cuts are 85 percent labor and 15 percent capital, which is roughly the share of labor and capital income reported on individual tax returns).[21]

According to this assumption, the tax cuts would result in revenue reductions of $307 billion (instead of $360 billion).

If there is higher growth after five years, then the Romney gap is substantially reduced to $33 billion.

But there are other assumptions they made:

“Off the table”: (Savings and Investment)
Preferential rate on capital gains and dividends
Exclusion of interest on tax exempt municipal bonds
Deduction for HSA Contributions from taxed income
KEOGH, SEP, & Simple Contribution Deduction
Penalty on Early Withdrawal of Savings
Self-Employment IRA Deduction
Investment Interest
Saver’s Credit
Capital gains exclusion on home sales
Step-up basis of capital gains at death

If those are in fact ON the table, that gap could easily be filled.




.

.

 

[Quantum Windbag]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

It gives the government less money to spend, that is a crime against nature.

 

[Quantum Windbag]

Wow another one, guess you guys just repost the same shit when someone spoils the last thread with dirty liberal facts.

The only fact here is that Obama lied, even they admitted it.

 

[Quantum Windbag]

Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan | The Weekly Standard



Well well well.. The Liar-N-Chief strikes again!! All of you liberal ZOMBIE herd said:????????? What?? I can't hear you?!

How many times are you going to start a thread on this same thing? Once again, if Romney would simply expalin SPECIFICALLY how his tax plan is supposed to work, he wouldn't have to leave it up to others to explain how it won't work for him...

You should read the study that Obama misquoted, it explains it in detail.

 

[ScreamingEagle]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

returning the $500 billion stolen from Medicare to pay for Obamacare = one big ass loophole closure....

 

[g5000]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

returning the $500 billion stolen from Medicare to pay for Obamacare = one big ass loophole closure....

It was $716 billion, not $500 billion. But before you get hard, that was $716 billion over a ten year period, not annually.

So you still have $430 billion a year to come up with.

.

 

[Quantum Windbag]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

Care to list those expenditures he is going to eliminate? Or are you just taking a politician's promises on sheer faith?

.

His promise is to sit down with Congress and figure it out, Obama's is to do it by magic, which do you think has a better chance of succeeding?

 

[WillowTree]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

third....why do libruls mispresent this simple plan.....could it be the radicals just hate free market capitalism......?

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

Even Romney's website won't state which loopholes he will close.

Do you have ******* ears? Do you ******* listen? He specifically said during the debate he won't arbitrarilly in dictator fashion dictate which loopholes will be closed. He specifically said the "he" unlike the dictator you libtards elected said "he" would work with congress.. hello

 

[g5000]

first.....what makes a 5 trillion dollar tax cut "a burden".....? Romney's plan to cut taxes is GREAT!

secondly.....in order to "pay for" and make his tax cuts revenue neutral Romney is going to "cover" his tax cuts with some loophole closures and with economic growth....

Care to list those expenditures he is going to eliminate? Or are you just taking a politician's promises on sheer faith?

.

His promise is to sit down with Congress and figure it out, Obama's is to do it by magic, which do you think has a better chance of succeeding?

So you are just taking him on sheer faith.

You are going to support someone who won't give specifics?

When a politician won't give specifics, it almost always means he is fudging, and he has something up his sleeve which is going to really piss off a lot of people.

It makes me seriously doubt he will be able to make the numbers work, and that we will continue to see budget deficits in a Romney presidency.



.

 

[ScreamingEagle]

$500 billion worth of loophole closures? LMAO!!!!!! You do realize that current revenue from federal income taxes is just over $1.2 trillion, and that the loss of $500 billion in revenue amounts to over 40% of federal income tax revenue? We would need to see an increase in GDP of nearly 50% to recover the lost revenue.

I really am starting to believe that the vast majority of conservatives all failed basic math, because this is basic math, and Romney's numbers do not add up no matter which way you try to twist them.

returning the $500 billion stolen from Medicare to pay for Obamacare = one big ass loophole closure....

It was $716 billion, not $500 billion. But before you get hard, that was $716 billion over a ten year period, not annually.

So you still have $430 billion a year to come up with.

.

i know that....the point is we can cut SPENDING to balance our budget....in addition to closing loopholes and growth....