Mitt's tax plan: Cut taxes for the rich, raise them on everyone else

[mondale84]

It's abundantly clear that Romney has no intentions of paying down the national debt.

Yeah, this isn't news, but some people just don't choose to accept it.

[mondale84]

Congrats, Beet. You have officially roasted Politico with a thoughtful and thorough explanation of the current macroeconomic environment and why we are in the sour spot we're in. He will only respond with his FAUX News talking points and platitudes. Hopefully your roasting will now encourage him to go back into hiding.

[mondale84]

Not true.  There is no tax increase on anyone other than the "rich" in his plan.  Where did that study come from anyway?  Romney's plan calls for making the Bush-era rates permanent and moving toward a flat tax.

If you bothered to read the OP you would see that the plan comes from the independent Tax Policy Center, "a joint project of the Brookings Institution and the Urban Institute."

Romney's plan calls for a repeal of the Estate Tax (God knows why) which disproportionately benefits wealthy people and investment cuts that also disproportionately affect people like him. So stop claiming ignorance and faux outrage and start reading the links that are posted rather than merely spewing your Fox talking points across threads you know and understand nothing about.

[mondale84]

Why do people hate tax cuts for the rich

Because rich people don't need tax cuts, you troll.

[mondale84]

Why do people hate tax cuts for the rich

Because we are already running a budget deficit over a trillion dollars.

But if you cut spending and taxes, then the budget will be balanced, providing you cut more in spending.

We are running a $1.4 trillion dollar deficit. That means we collect $1.4 trillion less in taxes than we spend. You want to cut taxes (revenue). So, where do you get the >$1.4 trillion to balance your budget? Hint: You wont get there without hacking Social Security, Defense, and Medicare/aid - which no politician is willing to do (heard anything about the Ryan budget lately?)

Stegosaurus, don't bother trying to reason with him. He's a bigger troll than Politico and plays dumb to deny common sense.

[mondale84]

So, where do you get the >$1.4 trillion to balance your budget? Hint: You wont get there without hacking Social Security, Defense, and Medicare/aid - which no politician is willing to do (heard anything about the Ryan budget lately?)

Wait until January 20, 2013. We can get there while ensuring obligations towards Social Security and Medicare are met. Tax reform is essential in achieving this result, of course.

Yes, because Mitt Romney being in the White House will make new revenues magically appear...

[mondale84]

Why do people hate tax cuts for the rich

Because we are already running a budget deficit over a trillion dollars.

But if you cut spending and taxes, then the budget will be balanced, providing you cut more in spending.

We are running a $1.4 trillion dollar deficit. That means we collect $1.4 trillion less in taxes than we spend. You want to cut taxes (revenue). So, where do you get the >$1.4 trillion to balance your budget? Hint: You wont get there without hacking Social Security, Defense, and Medicare/aid - which no politician is willing to do (heard anything about the Ryan budget lately?)

Stegosaurus, don't bother trying to reason with him. He's a bigger troll than Politico and plays dumb to deny common sense.

Quite amusing being called a troll by somebody with Mondale in their username. You do realize Mondale is second only to McGovern in the quest for title of "biggest loser of them all," right?

Actually it would be Goldwater or Landon, but nice try...

http://en.wikipedia.org/wiki/List_of_landslide_victories#Presidential

Also, just because people voted for Reagan (who began the process of bankrupting this country and selling it piece-by-piece to the corporate class) doesn't mean his ideas had any merit. Or that he had any ideas for that matter...

[mondale84]

Why do people hate tax cuts for the rich

Because we are already running a budget deficit over a trillion dollars.

But if you cut spending and taxes, then the budget will be balanced, providing you cut more in spending.

We are running a $1.4 trillion dollar deficit. That means we collect $1.4 trillion less in taxes than we spend. You want to cut taxes (revenue). So, where do you get the >$1.4 trillion to balance your budget? Hint: You wont get there without hacking Social Security, Defense, and Medicare/aid - which no politician is willing to do (heard anything about the Ryan budget lately?)

Stegosaurus, don't bother trying to reason with him. He's a bigger troll than Politico and plays dumb to deny common sense.

Quite amusing being called a troll by somebody with Mondale in their username. You do realize Mondale is second only to McGovern in the quest for title of "biggest loser of them all," right?

Actually it would be Goldwater or Landon, but nice try...

http://en.wikipedia.org/wiki/List_of_landslide_victories#Presidential

Also, just because people voted for Reagan (who began the process of bankrupting this country and selling it piece-by-piece to the corporate class) doesn't mean his ideas had any merit. Or that he had any ideas for that matter...

Al Landon last mattered, what, when Hitler was alive? He ceded the title to McGovern back when he died, whenever the heck that was.

Goldwater's 52 EVs are a bit more impressive than Mondale's performance. The only reason Mondale even won Minnesota is because Reagan allowed him to. Had Reagan been mean-spirited, he would have spent more time and money in Minnesota.

Yeah except Goldwater won ~38% of the popular vote, Mondale ~41%.

Anyway, Walter Mondale is not the point of this thread, nor is my username. The point of this thread is how disastrous Mitt Romney would be for middle class families and how he would gut their tax cuts and deductions so that he and his friends can continue to prey off the system. You can address the OP or you can leave. Every moment you spend attacking me reinforces your forum stereotype as a troll and hack who resorts to personal attacks because he has no ideas to stand on.

[mondale84]

I'd like to point out that this threads title is highly misleading. He doesn't intend to raise taxes on everyone other than the rich, just slash entitlements.

This is false. He wants to gut the safety net because he doesn't care about average people (or couldn't be bothered to care), he wants to eliminate the deductions that help working people (like the mortgage deduction), and he wants to end the estate tax (which disproportionately benefits the wealthy). How is the thread title misleading again?

[mondale84]

I'd like to point out that this threads title is highly misleading. He doesn't intend to raise taxes on everyone other than the rich, just slash entitlements.

This is false. He wants to gut the safety net because he doesn't care about average people (or couldn't be bothered to care), he wants to eliminate the deductions that help working people (like the mortgage deduction), and he wants to end the estate tax (which disproportionately benefits the wealthy). How is the thread title misleading again?

Because eliminating deductions and credits isn't the same thing as "raising taxes", even if a higher burden for some is the cumulative effect.

Well your side always claims that letting tax cuts expire means you are raising taxes so clearly anything that raises revenues is "raising taxes"