Romney's Tax and Budget Plan

[Jacob]

http://2012.talkingpointsmemo.com/2012/08/study-romney-plan-would-raise-taxes-on-95-of-americans.php

Is this just Democrat spin or is it accurate? If it's accurate, is that really going to help Romney in the election?

[Admiral Yi]

Another busted link for me.

[MadImmortalMan]

The report by researchers at the Tax Policy Center, a joint project of the Urban Institute and Brookings Institution

That's our side's equivalent of Cato Institute and Heritage Foundation.



That said, closing loopholes means people don't get their tax breaks. Especially the mortgage one would certainly hurt the middle class the most.

[garbon]

Another busted link for me.

Works fine for me.

[Valmy]

Well if it balances the budget that is a plus on his side.  Of course he would never be able to get such a thing passed if closing loop holes means 'raising taxes'.  If the Republicans hold Congress they all swore on their Grandpapa's grave they would never raise taxes and if the Democrats are they will block him just because.

[Admiral Yi]

I thought loopholes were things that only rich people could take advantage of. 

[MadImmortalMan]

Well if it balances the budget that is a plus on his side.  Of course he would never be able to get such a thing passed if closing loop holes means 'raising taxes'.  If the Republicans hold Congress they all swore on their Grandpapa's grave they would never raise taxes and if the Democrats are they will block him just because.

You'll have to ask Grover Norquist. 

[Faeelin]

That's our side's equivalent of Cato Institute and Heritage Foundation.

Eh... I've disagreed with the Cato institute, but they aren't crazy. I just don't see it possible to balance the budget with tax cuts which is what Romney has proposed, unless you slash spending. But he hasn't said anything about Medicare or Social Security, and he wants more military spending. So...