Romney tells millionaires what he really thinks of Obama voters

Discussion in 'Blazers OT Forum' started by julius, Sep 17, 2012.

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  1. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Because he's not going to eliminate ALL loopholes, and which to eliminate he's willing to open for discussion. He's looking at simplifying the tax code, reducing the RATE, but being revenue neutral (at least) which means eliminating loopholes.

    The Ryan plan is similar.
     
    Denny Crane, Sep 17, 2012
    #61
  2. maxiep

    maxiep RIP Dr. Jack

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    It should be noted that the bi-partisan 1986 tax reform act had the same principles: lower rates and close loopholes. What's wrong with that approach today?
     
    maxiep, Sep 17, 2012
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  3. STOMP

    STOMP mere fan

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    those paying for our approach today (who've paid off both parties) would be the main problem

    STOMP
     
    STOMP, Sep 17, 2012
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  4. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    [​IMG]
     
    Denny Crane, Sep 17, 2012
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  5. maxiep

    maxiep RIP Dr. Jack

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    So, you have one candidate that proposes to close loopholes so the government isn't playing favorites (Hello to Goldman Sach and General Electric) and one candidate that openly engages in crony capitalism. It seems if that's your beef, there's an obvious choice.
     
    maxiep, Sep 17, 2012
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  6. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Here's a chart that reflects the effects of all those changes to the tax code over the years.

    [​IMG]
     
    Denny Crane, Sep 17, 2012
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  7. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Yes, the latter candidate, because at least he's honest. The first one is just lying, because he knows he can't close the loopholes.

    barfo
     
    barfo, Sep 17, 2012
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  8. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Loopholes were closed before in the Reagan years. Why can't all the new ones (and some others) be closed now? All it takes is a vote in congress and it's done.
     
    Denny Crane, Sep 17, 2012
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  9. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    A small number of loopholes were closed (and new ones were opened) in the Reagan years.

    Sure, it just takes a vote in Congress. Have you noticed Congress accomplishing anything lately?

    barfo
     
    barfo, Sep 17, 2012
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  10. Further

    Further Guy

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    I work hard and pay income taxes, I have worked since the age of 14, paying my way through school, and paying my way through life. At times working two full-time ane one part-time job. I donate time and money to charity and have never believed myself to be, or acted as a victim. The government has never taken care of me and I hope they never will. I am voting Obama.
     
    Further, Sep 17, 2012
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  11. maxiep

    maxiep RIP Dr. Jack

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    maxiep, Sep 17, 2012
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  12. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    And on the 7th day, you rested.
     
    Denny Crane, Sep 17, 2012
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  13. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    I notice congress passes thing when the president has leadership qualities.

    Clinton managed with republicans controlling house and senate. Reagan managed with opposition party in control of congress, too.
     
    Denny Crane, Sep 17, 2012
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  14. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Neither of them managed to eliminate all loopholes in the tax code, or anything close to it.

    barfo
     
    barfo, Sep 17, 2012
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  15. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    You don't have to close them all, just enough to generate the revenue required. Though you could, since it'd be easier to just write a bill that says "everyone pays 10% and there's no deductions."
     
    Denny Crane, Sep 18, 2012
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  16. maxiep

    maxiep RIP Dr. Jack

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    maxiep, Sep 18, 2012
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  17. STOMP

    STOMP mere fan

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    It wasn't the results of the 2006 election that ran up our credit card. That imbalance was incurred by having 2 wars off the books, the Medicare Part D Drug Co. give away, the void of Bush's "temporary" tax cuts, the house of cards that was the housing industry/Glass-Steagal gonzo, and our manufacturing base overseas because of bad trade policies (NAFTA). Things were anything but rosy in 2006 (I left off quite a bit more bad stuff). Both sides of the aisle share some blame for the decisions that brought us to that precipice as both kneel to the same $$$ to finance their campaigns, but it's a fact that the government massively expanded from 2000-2006. Remind me which party presided over that?

    As the details slip out on Romney's tax plans, the bean counters are saying it would only add to the national dept. Here's a recent fun read from Salt Lake... http://www.sltrib.com/sltrib/opinion/54913013-82/romney-tax-taxes-cut.html.csp

    STOMP
     
    STOMP, Sep 18, 2012
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  18. maxiep

    maxiep RIP Dr. Jack

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    Medicare Part D was a fucking disaster. Why are we subsidizing drugs for all seniors?

    The repeal of Glass-Steagall was arguably the worst piece of financial legislation in the 1990s. If you're "too big to fail", you're too big.

    The Community Re-Investment Act was a nightmare as it forced banks to subsidize bad loans which eventually flooded the market.

    As for George W. Bush, I don't think anyone would argue he was a small government conservative; he was a social conservative who believed in big government like his father.

    Finally, that editorial is from the Washington Post, and isn't an economic analysis at all. The Tax Policy Center/Brookings Institution analysis has shown to be a joke and has been debunked by a Princeton economist. What some economists won't acknowledge is that lowering taxes increases economic activity, even though the data time and time again show it to be the case.
     
    Last edited: Sep 18, 2012
    maxiep, Sep 18, 2012
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  19. MARIS61

    MARIS61 Real American

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    He said everyone who votes for Obama is a freeloader.

    In truth, Mitt "Cayman" Romney is the biggest freeloader in politics.
     
    MARIS61, Sep 18, 2012
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  20. MARIS61

    MARIS61 Real American

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    This is an absurd bit of disinformation. Mind-boggling nonsense.
     
    MARIS61, Sep 18, 2012
    #80
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