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Romney Tax Plan needs Grow to Add Up

Romney Tax Plan Needs Growth to Add Up: Reality Check - Bloomberg

So again we see Romney look America in the face, lie and deny the truth. How can you trust this man? Romney is denying reality. If he's not denying reality, completely ignorant of fact and is basically insane, he's telling America a straight up lie.

It's funny to watch the partisan-leftists scream about Romney being a lair, while ignoring the years of evidence that the guy they support actually is a proven liar.
 
If you look at the economy in a static way, neither of their numbers add up really. Romney assumes that cutting rates and loopholes will will help create economic activity that will multiply in its effect. IDK if it will or it will not, but the reason he is not saying we will cut x,y, and z is because he is realistic enough to allow for that Congress will have to be involved and it could be X, Q, and L get cut instead.
 
Yeah, God forbid the economy grow.

Tax cuts do not equal economy grow, particularly when we are already at historic lows tax wise.
 
So quickly the partisan hacks on both sides just sling sneers at each other. Yet the partisan hacks are 100% irrelevant in this election.
 
Tax cuts do not equal economy grow, particularly when we are already at historic lows tax wise.

Tax hikes in the middle of a recession obviously aren't the best strategy.

However, I don't think Romney's plan is to grow the economy by lowering taxes, but to grow the economy by getting the government out of the private sector's way, so the private sector can do what it does best and that's build the richest nation in the history of the world.
 
Tax cuts do not equal economy grow, particularly when we are already at historic lows tax wise.

Tax rate cuts allow for planning and confidence in implementation. Why do you believe that one does not follow the other?
 
Romney Tax Plan Needs Growth to Add Up: Reality Check - Bloomberg

So again we see Romney look America in the face, lie and deny the truth. How can you trust this man? Romney is denying reality. If he's not denying reality, completely ignorant of fact and is basically insane, he's telling America a straight up lie.

Romney told you the truth... we all see Obama plan for economic destruction of the USA is eroding the economy.. Mitts plan is proven to be the antedote..
 
Tax cuts do not equal economy grow, particularly when we are already at historic lows tax wise.

When Reagan cut the top marginal rates from 70% - 28% and cut back on loopholes, the economy exploded with growth. There were multiple quarters where GDP Growth exceeded 7%. A million jobs were created in the same month during Reagan's term in which Obama saw ZERO jobs during his term. Revenue to the Treasury doubled.

Your statement couldn't be more ignorant and naive
 
When Reagan cut the top marginal rates from 70% - 28% and cut back on loopholes, the economy exploded with growth. There were multiple quarters where GDP Growth exceeded 7%. A million jobs were created in the same month during Reagan's term in which Obama saw ZERO jobs during his term. Revenue to the Treasury doubled.

Your statement couldn't be more ignorant and naive

Interesting that you ignore the fact he also exploded the deficit and subsequently the debt. Is that what you want? Oh right, that's what Republican do! Silly me.
 
Romney told you the truth... we all see Obama plan for economic destruction of the USA is eroding the economy.. Mitts plan is proven to be the antedote..

Yet Romney's numbers don't work. So you, just like Romney ignores the facts.
 
Tax rate cuts allow for planning and confidence in implementation. Why do you believe that one does not follow the other?

Tax cuts do not allow for planning or confidence. A clear tax code and regulations will do that.

You seems to be attached tax cuts to things that are not related to tax cuts at all.
 
Tax hikes in the middle of a recession obviously aren't the best strategy.
I agree. But we aren't tackling a recession alone now are we? We also have to deal with the deficit. Tax hikes and service cuts address deficits. So it's reasonable to think that a mix of both cuts and hikes can help, no?

However, I don't think Romney's plan is to grow the economy by lowering taxes, but to grow the economy by getting the government out of the private sector's way, so the private sector can do what it does best and that's build the richest nation in the history of the world.
So you agree Romney is talking out his ass in that regard. Good, we agree.

In terms of regulations, it was the lack of regulations that brought us to this recession. So no, getting out of the private sector's way is not the solution.
 
Yet Romney's numbers don't work. So you, just like Romney ignores the facts.

when using reality we see Obama numbers dont work.. are you following the economy?... Romneys "plan" is traditional as far as how the economy has always worked.... unlike Obama.

tell me how Obamas plan is working?.. go ahead.. tell me
 
Tax cuts do not allow for planning or confidence. A clear tax code and regulations will do that.

You seems to be attached tax cuts to things that are not related to tax cuts at all.


say what?...
 
Romney Tax Plan Needs Growth to Add Up: Reality Check - Bloomberg

So again we see Romney look America in the face, lie and deny the truth. How can you trust this man? Romney is denying reality. If he's not denying reality, completely ignorant of fact and is basically insane, he's telling America a straight up lie.

Liberals like to take individual proposals and policies as isolated items. This has, many times, caused them no end to failure because no proposal or policy is independent of others. Here, we have another example.

Your article says growth is required. Romney know this and has said so. He has also said that along with his tax plan he would do things to encourage growth, such as eliminating harsh, costly and unnecessary regulations. He would reduce the size, scope and power of the government. He says these things, as well as other proposals, would result in economic growth. Add to that his tax plan and you end up with a better situation for the country all around.

So, you see, he's not denying reality and he's not lying. He's only crafted a good plan that goes against the very philosophy of the Democratic Party.
 
Romney Tax Plan Needs Growth to Add Up: Reality Check - Bloomberg

So again we see Romney look America in the face, lie and deny the truth. How can you trust this man? Romney is denying reality. If he's not denying reality, completely ignorant of fact and is basically insane, he's telling America a straight up lie.

If you actually listened to what Romney said he isn't planning on cutting taxes at all. He said that he was planning on cutting tax rates but that he was also planning on limiting deductions so that the net tax amount is consistent. In fact, he even indicated that the limitation on deductions would be higher for high income taxpayers. His plan seems to be more centered on flattening the tax code than in reducing the tax burden.
 
Tax cuts do not allow for planning or confidence. A clear tax code and regulations will do that.

You seems to be attached tax cuts to things that are not related to tax cuts at all.

Since we won't have a clear tax code and set of regulations any time soon, unfortunately, we'll have to settle with what can be done.

Your language is difficult for me to follow so I'm not sure I understand what you are saying.
 
If you actually listened to what Romney said he isn't planning on cutting taxes at all. He said that he was planning on cutting tax rates but that he was also planning on limiting deductions so that the net tax amount is consistent. In fact, he even indicated that the limitation on deductions would be higher for high income taxpayers. His plan seems to be more centered on flattening the tax code than in reducing the tax burden.

From the article and many appear to have refused to actually read.

Romney’s Tax Plan
The Claim: Romney’s tax plan can’t add up, Obama said. “It’s math,” he said. “It’s arithmetic.”

The Background: Romney has proposed reducing income tax rates by 20 percent and eliminating the estate tax and the alternative minimum tax. He says his plan would boost growth, while avoiding an expansion of the federal budget deficit because he also would curtail deductions, exemptions and credits. He says there are enough tax breaks for top earners that he would eliminate to avoid shifting the burden to the middle class.

The Facts: Romney’s tax plan can’t add up under congressional budget-scoring rules that don’t let him assume that economic growth will generate higher tax revenue.

Obama’s argument rests on an August analysis by the nonpartisan Tax Policy Center in Washington. That group sought to see if it was simultaneously possible to meet all of Romney’s principles: Cut tax rates, avoid shifting the tax burden to the middle class, don’t increase the budget deficit, and keep tax benefits for savings and investment.

The study found that, in 2015, $86 billion of the tax burden would be shifted to the middle class to keep the plan from increasing the deficit.

Romney’s advisers contested that analysis. They maintain they would consider some changes that the Tax Policy Center kept off the table, such as the tax exemption for municipal bonds. Those changes make the plan more arithmetically possible, though still politically difficult. Romney’s campaign hasn’t provided enough detail about what he’s proposing for deductions and exemptions to be able to analyze it completely.

Romney said in the debate that his plan wouldn’t cut enough tax breaks to offset all of his tax cuts. Economic growth, he said, would be generated by his tax plan and make up the difference. He hasn’t specified how much.

Congressional budget-scoring rules are conservative about anticipated growth from tax cuts because economists disagree over how much they spur the economy. If Romney’s plan goes to Congress, where those rules apply, it wouldn’t add up.
So yeah, he is planning on cutting taxes. Seriously, isn't this familiar music? Haven't we heard this tune before and it resulted in deficits?
 
Liberals like to take individual proposals and policies as isolated items. This has, many times, caused them no end to failure because no proposal or policy is independent of others. Here, we have another example.

Your article says growth is required. Romney know this and has said so. He has also said that along with his tax plan he would do things to encourage growth, such as eliminating harsh, costly and unnecessary regulations. He would reduce the size, scope and power of the government. He says these things, as well as other proposals, would result in economic growth. Add to that his tax plan and you end up with a better situation for the country all around.

So, you see, he's not denying reality and he's not lying. He's only crafted a good plan that goes against the very philosophy of the Democratic Party.

Counting on fantasy growth to reduce the debt and deficit is just that, fantasy. When budgeting your household income, do you bank in a raise that may or may not materialize? Do you bank on hitting the lottery if you invest 10 dollars a week into it?
 
when using reality we see Obama numbers dont work.. are you following the economy?... Romneys "plan" is traditional as far as how the economy has always worked.... unlike Obama.

tell me how Obamas plan is working?.. go ahead.. tell me

Are you now denying how much the economy has grown under Obama after our near depression? Seriously?
 
Since we won't have a clear tax code and set of regulations any time soon, unfortunately, we'll have to settle with what can be done.

Your language is difficult for me to follow so I'm not sure I understand what you are saying.

Looking at what I wrote, I agree. I'm not sure if I now understand what I was saying!
 
Are you now denying how much the economy has grown under Obama after our near depression? Seriously?

the only denial is yours.. the economy is retracting...

tell me how its working?
 
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