Mitt's Tax Returns & Tax Plans
your name here

Denver, CO

#21 Sep 14, 2012
so second hand heresay from a story on George Will comments is your evidence? how low are your standards of proof? A tax plan can be revenue neutral without losing deductions, yet that is the only conclusion you can come up with?
your name here

Denver, CO

#22 Sep 14, 2012
here is basic explanation of how it works from a Princeton economist.
http://www.princeton.edu/ceps/workingpapers/2...
conclusion:
I analyze the Romney proposal taking into account the additional income that might be generated by economic growth. The main conclusion is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on high-income individuals about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.

notice that this is a Public Policy Economist conclusion, not some half cocked tv personality or columnist second hand report.
Facts are Facts

Owensboro, KY

#24 Sep 14, 2012
your name here wrote:
<quoted text>
reaganomics worked to greatly expand the GDP and get the nation out of an economic mess:
http://www.icmarc.com/for-individuals/market-...
compare that to what Obama has done
Reagonomics, is what turned the worlds largest creditor nation into the worlds largest debtor nation in 12 short years.

When you are dead and Fox News is gone. Historians will rate Reagan near the bottom of the barrel as Presidents. He started the downhill slide of America.
your name here

Owensboro, KY

#25 Sep 14, 2012
rwtaylor56 wrote:
<quoted text>
It's impossible to have a grown up discussion with someone who refuses to see anything except what they want to see. Good luck to you.
I am rubber and you are glue. Stop make sense, my tiny brain cannot compute the truth.

Sticks and stone can break my bones but only the FACTS can truly hurt me.
Jethro

United States

#26 Sep 14, 2012
Should be even trade: Mitt's tax returns for Obama's college transcripts. Both need to be seen.

Level 1

Since: Jun 12

United States

#27 Sep 14, 2012
Jethro wrote:
Should be even trade: Mitt's tax returns for Obama's college transcripts. Both need to be seen.
Nobody has seen or asked to see Mitt's college transcripts either. transcripts aren't standard fare for a presidential candidates - tax returns are. I can only assume you're a hypocrite.
your name here

Owensboro, KY

#28 Sep 14, 2012
rwtaylor56 wrote:
<quoted text>
Nobody has seen or asked to see Mitt's college transcripts either. transcripts aren't standard fare for a presidential candidates - tax returns are. I can only assume you're a hypocrite.
Nobody has seen any evidence that Trickle Down Economics works either but I for the 1% still believe it worked.

And yes how did you know I am a Hypocrite, but you can call me a Tea Bagger for short.
Jethro

Owensboro, KY

#29 Sep 14, 2012
rwtaylor56 wrote:
<quoted text>Nobody has seen or asked to see Mitt's college transcripts either. transcripts aren't standard fare for a presidential candidates - tax returns are. I can only assume you're a hypocrite.
I believe it's relevant I'm the context of Obama's character. I'm not a birther by any means but I believe he presented himself (falsely) as a foreign exchange student.
Tea Bagger

Owensboro, KY

#30 Sep 14, 2012
Jethro wrote:
<quoted text>
I believe it's relevant I'm the context of Obama's character. I'm not a birther by any means but I believe he presented himself (falsely) as a foreign exchange student.
Can you please name 2 things Obama has done in the last 3 3/4 years that shows some lack of character. Beat his wife? Gotten drunk in public? Went off on his critics?

You may not like him or his politics, but I can see nothing wrong with the character he has shown.
your name here

Denver, CO

#31 Sep 17, 2012
he lies. He hangs out with unrepentant terrorists, his Preachers says things like "God damn America"
here is a partial list of lies he told American people:
http://obamalies.net/list-of-lies

Level 1

Since: Jun 12

White House, TN

#32 Sep 17, 2012
your name here wrote:
he lies. He hangs out with unrepentant terrorists, his Preachers says things like "God damn America"
here is a partial list of lies he told American people:
http://obamalies.net/list-of-lies
You'll never hear the truth going to dumbass web sites like you link too. It's no wonder you're so brain washed.
your name here

Denver, CO

#33 Sep 17, 2012
if you can't dispute the message, attack the messenger...typical lib response.
your name here

Denver, CO

#34 Sep 17, 2012
your name here wrote:
<quoted text>
Nobody has seen any evidence that Trickle Down Economics works either but I for the 1% still believe it worked.
And yes how did you know I am a Hypocrite, but you can call me a Tea Bagger for short.
here is your evidence:
President Reagan campaigned on an explicitly articulated, four-point economic program to reverse this slow motion collapse of the American economy:

1. Cut tax rates to restore incentives for economic growth, which was implemented first with a reduction in the top income tax rate of 70% down to 50%, and then a 25% across-the-board reduction in income tax rates for everyone. The 1986 tax reform then reduced tax rates further, leaving just two rates, 28% and 15%.

2. Spending reductions, including a $31 billion cut in spending in 1981, close to 5% of the federal budget then, or the equivalent of about $175 billion in spending cuts for the year today. In constant dollars, nondefense discretionary spending declined by 14.4% from 1981 to 1982, and by 16.8% from 1981 to 1983. Moreover, in constant dollars, this nondefense discretionary spending never returned to its 1981 level for the rest of Reagan’s two terms! Even with the Reagan defense buildup, which won the Cold War without firing a shot, total federal spending declined from a high of 23.5% of GDP in 1983 to 21.3% in 1988 and 21.2% in 1989. That’s a real reduction in the size of government relative to the economy of 10%.

3. Anti-inflation monetary policy restraining money supply growth compared to demand, to maintain a stronger, more stable dollar value.

4. Deregulation, which saved consumers an estimated $100 billion per year in lower prices. Reagan’s first executive order, in fact, eliminated price controls on oil and natural gas. Production soared, and aided by a strong dollar the price of oil declined by more than 50%.

These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.
your name here

Denver, CO

#35 Sep 17, 2012
more evidence:
During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.
The shocking rise in inflation during the Nixon and Carter years was reversed. Astoundingly, inflation from 1980 was reduced by more than half by 1982, to 6.2%. It was cut in half again for 1983, to 3.2%, never to be heard from again until recently. The contractionary, tight-money policies needed to kill this inflation inexorably created the steep recession of 1981 to 1982, which is why Reagan did not suffer politically catastrophic blame for that recession.

Real per-capita disposable income increased by 18% from 1982 to 1989, meaning the American standard of living increased by almost 20% in just seven years. The poverty rate declined every year from 1984 to 1989, dropping by one-sixth from its peak. The stock market more than tripled in value from 1980 to 1990, a larger increase than in any previous decade.

In The End of Prosperity, supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001. They wrote:

We call this period, 1982-2007, the twenty-five year boom–the greatest period of wealth creation in the history of the planet. In 1980, the net worth–assets minus liabilities–of all U.S. households and business … was $25 trillion in today’s dollars. By 2007,… net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years.

Level 1

Since: Jun 12

United States

#36 Sep 17, 2012
your name here wrote:
if you can't dispute the message, attack the messenger...typical lib response.
No, it's the typical response you'll get when you send data that's been picked and massaged in a highly selective manner by a right-leaning web site. You would tell me the same thing if I cited, say, MoveOn.org . If you want to cite info then it needs to be from a credible source that isn't known for spin. All you ever quote are spin sites.
your name here

Denver, CO

#37 Sep 17, 2012
data is data, facts are facts. You cannot dispute the facts, so you attack the sites they come from just because they don't share your warped political views.
Well

United States

#38 Sep 17, 2012
your name here wrote:
he lies. He hangs out with unrepentant terrorists, his Preachers says things like "God damn America"
here is a partial list of lies he told American people:
http://obamalies.net/list-of-lies
You my friend, are an idiot. He has removed more troops from Iraq and Iran than romney will ever do, he IS in the process of universal healthcare, and FYI- check out the stats for job growth in the last 4 years. ITS HUGE. your probably one of those PROLIFE OR NOTHING people who can't see past your nose. This election is about far more than just one issue.

Mental evaluations should be required to become a registered voter.
your name here

Denver, CO

#39 Sep 17, 2012
job growth? pitiful is what it is. He has the worst record of any President for recovery after a recession. More on the lack of recovery under Obama:
What is so striking about Obamanomics is how it so doggedly pursues the opposite of every one of these planks of Reaganomics. Instead of reducing tax rates, President Obama is committed to raising the top tax rates of virtually every major federal tax. As already enacted into current law, in 2013 the top two income tax rates will rise by nearly 20%, counting as well Obama’s proposed deduction phase-outs.

The capital gains tax rate will soar by nearly 60%, counting the new Obamacare taxes going into effect that year. The total tax rate on corporate dividends would increase by nearly three times. The Medicare payroll tax would increase by 62% for the nation’s job creators and investors. The death tax rate would go back up to 55%. In his 2012 budget and his recent national budget speech, President Obama proposes still more tax increases.

Instead of coming into office with spending cuts, President Obama’s first act was a nearly $1 trillion stimulus bill. In his first two years in office he has already increased federal spending by 28%, and his 2012 budget proposes to increase federal spending by another 57% by 2021.

His monetary policy is just the opposite as well. Instead of restraining the money supply to match money demand for a stable dollar, slaying an historic inflation, we have QE1 and QE2 and a steadily collapsing dollar, arguably creating a historic reflation.

And instead of deregulation we have across-the-board re-regulation, from health care to finance to energy, and elsewhere. While Reagan used to say that his energy policy was to “unleash the private sector,” Obama’s energy policy can be described as precisely to leash the private sector in service to Obama’s central planning “green energy” dictates.

As a result, while the Reagan recovery averaged 7.1% economic growth over the first seven quarters, the Obama recovery has produced less than half that at 2.8%, with the last quarter at a dismal 1.8%. After seven quarters of the Reagan recovery, unemployment had fallen 3.3 percentage points from its peak to 7.5%, with only 18% unemployed long-term for 27 weeks or more. After seven quarters of the Obama recovery, unemployment has fallen only 1.3 percentage points from its peak, with a postwar record 45% long-term unemployed.

Previously the average recession since World War II lasted 10 months, with the longest at 16 months. Yet today, 40 months after the last recession started, unemployment is still 8.8%, with America suffering the longest period of unemployment that high since the Great Depression. Based on the historic precedents America should be enjoying the second year of a roaring economic recovery by now, especially since, historically, the worse the downturn, the stronger the recovery. Yet while in the Reagan recovery the economy soared past the previous GDP peak after six months, in the Obama recovery that didn’t happen for three years. Last year the Census Bureau reported that the total number of Americans in poverty was the highest in the 51 years that Census has been recording the data.
These are the reasons why economist John Lott has rightly said,“For the last couple of years, President Obama keeps claiming that the recession was the worst economy since the Great Depression. But this is not correct. This is the worst “recovery” since the Great Depression.”

Level 1

Since: Jun 12

United States

#40 Sep 17, 2012
your name here wrote:
data is data, facts are facts. You cannot dispute the facts, so you attack the sites they come from just because they don't share your warped political views.
No, your supposed "facts" have been especially selected and massaged to fit the image they want portrayed. Not saying both sides don't do it - they do. I'm just saying that if your want stats to be taken seriously don't bother to send links from your typical right-wing web sites. If they truly are "facts" then you should be able to find them at a non-partisan site.
your name here

Denver, CO

#41 Sep 17, 2012
data is data, facts are facts. This information came from Forbes, but I guess in your mind that is some partisan hack site. If you want to debate the data, fine, but quit whining about the websites. At least I use published third party articles instead of making up BS or quoting liberal talking pints like you do.

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