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Romney’s Big Navy Guru Made Millions From Building Ships

Bobcat said:
Do you ever listen? Romney's tax plan will cut the tax rates for EVERYONE, but will also eliminate tax dodges used by the rich. The net result will be more income to the govt and less taxes paid by the middle class. Isn't that consistent with your "hate the rich" ideology?
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What a crock. Which "tax dodges" will make up a $5 Trillon revenue decline? You must still believe in Santa too.

Eliminating all itemized deductions would yield about $2 trillion of additional revenue over ten years if we cut all rates by 20 percent and eliminate the AMT. Capping deductions would generate less additional revenue, and the higher the cap, the smaller the gain. Limiting deductions to $17,000 would increase revenues by nearly $1.7 trillion over ten years. A $25,000 cap would yield roughly $1.3 trillion and a $50,000 cap would raise only about $760 billion.
Suggesting limits on deductions was Governor Romney’s first public statement about how he might offset the revenue lost by cutting tax rates. Without more specifics, we can’t say how much revenue such limits would actually raise. But these new estimates suggest that Romney will need to do much more than capping itemized deductions to pay for the roughly $5 trillion in rate cuts and other tax benefits he has proposed.
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TaxVox » Blog Archive » How Much Revenue Would a Cap on Itemized Deductions Raise?
 
zimmer said:
Progressive you are...LOL.

It's social welfare that is bankrupting us. We have 16TRILLION of debt and together 60 TRILLION in unfunded liabilities.

You also realize the Constitution does make way for defense investments? I don't see a lot there for a socialist welfare state.

You see, the founders created a system where the Federal government was weak in the intrusion into our lives and wealth, and strong in defense matters. The states... if they chose to tax mightily could do so. You could always leave for more fertile pastures.

Now we have a Nanny State or Ninny State. Catering to the lowest common denominator instead of providing opportunity to lift them out of dependence. The Lib idea of government is like that of a drug dealer. Get 'em hooked... keep 'em dependent, and hopefully ignorant.

Hey... where's my Obama money? My Obama phone? What a sad existence... at some point the government won't be there... and we'll have riots like in Greece.

Lib policies are poisonous, dangerous and pathetic.
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It's people like you that make me want to revive the "America..Love it or leave it" slogan. You really belong somewhere like Greece, you certainly don't understand what it is to be an American.
America will NEVER be like Greece and it is treason to say it.
 
Bobcat said:
Aren't you one of the "tax the rich" advocates? Here's a way to do some of that and you say it won't work. Now, if obama had suggested it you would be in full support of it. you are typical of a blind obamabot, lizard boy.
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How does Romney's plan tax the rich? He said they won't pay any more than now. Even that is a lie, his plan gives them 5 trillion and then takes back 2 trillion in deductions. That's a 3 trillion tax BREAK for the already undertaxed. We simply can't afford it.
Obama will let the Bush tax cuts expire and propose a middle class tax cut.
 
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