#29694 Aug 2, 2012
"Beam me up Scotty, there is not intelligent life form here"
#29695 Aug 2, 2012
There's been an independent, objective, non-partisan analysis of Mitt Romney's tax plan, where the researchers gave Romney ever benefit of the doubt.
Here's the bottom line: Romney cuts taxes for people like himself by tens of thousands of dollars and pays for it buy raising taxes on the working class.
In order to pay for his tax cuts for the rich, he will either have to radically increase the deficit or he will have to raise the taxes of 95% of the population.
THIS is what we liberals are criticizing him for. Not for being rich, but for running for President so he can cut his OWN taxes at the expense of the rest of us.
Romney 2012: Screw You - I've Got Mine
#29696 Aug 2, 2012
The analysis of Romney's tax plan here:
#29697 Aug 2, 2012
Study: Romney tax plan would result in cuts for rich, higher burden for others
Mitt Romney's plan to overhaul the tax code would produce cuts for the richest 5 percent of Americans -- and bigger bills for everybody else, according to an independent analysis set for release Wednesday.
The study was conducted by researchers at the Brookings Institution and the nonpartisan Tax Policy Center, who seem to bend over backward to be fair to the Republican presidential candidate. To cover the cost of his plan -- which would reduce tax rates by 20 percent, repeal the estate tax and eliminate taxes on investment income for middle-class taxpayers -- the researchers assume that Romney would go after breaks for the richest taxpayers first.
They even look at what would happen if Republicans' dreams for tax reform came true and the proposal generated significant revenue through economic growth.
What would that mean for the average tax bill? Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year.
#29698 Aug 2, 2012
Did you watch Ann Romney's "therapeutic" horse dance at the Olympics? Did it look like your neighbor's horse? Did this use look "real" to you?
Romney billed US taxpayers over $77,000 for the care and feeding of this "therapeutic" horse. Why don't you channel you indignation at the true jerk in this story?
#29699 Aug 2, 2012
Ann Romney's horse, Rafalca, competed in the individual dressage at the Olympics today. The horse's rider, USA's Jan Ebeling, got an overall score of 70.23 and is currently in 9th place.
Read more: http://www.businessinsider.com/ann-romney-hor...
"What they use it for is real. Stop mocking something you know nothing about."
#29700 Aug 2, 2012
danny BOY, "the true jerk in this story" is YOU.
You find it squirmy-impossible, danny BOY, to comment without exaggeration, embellishment or prevarication. You're like Arnold Horshack on Welcome Back Kotter: "Ooooh oooo Is it my turn to lie now, Mr. Kotter?"
This comment is a lie, danny BOY, and again exposes that you are an unrepentant, opportunistic LIAR:
"Romney billed US taxpayers over $77,000 for the care and feeding of this "therapeutic" horse."
But you knew that when you typed that lie, didn't you, danny BOY?
In YOUR dishonest world, taking a business loss is the same as 'billing the taxpayers' isn't it danny BOY.
So what if its a lie, it's what you'd LIKE the truth to be.
You're such a slimy, slobbering, drooling liar. Wipe the spit dripping from your chin, danny BOY.
danny BOY, predictably unethical: incessant plagiarist, closet racist and pathological liar.
#29701 Aug 2, 2012
What's the matter dannyboy?
You are never going to be rich, are you dannyboy?
Is that what it's all about dannyboy?
Dan the Man is just angry because he paid thousands for his education & he has tons of student loans to pay back.
He can't get a friggin job with his liberal arts degree and can't get a 1 percenter to pay his loans off !!!!!!
Dan the Man is finding out the hard way that he wasn't educated at all, he was indoctrinated!
#29702 Aug 2, 2012
Obama outlines his experience with substance abuse best in this excerpt from
Dreams from My Father:
That's where I'd been headed: the final, fatal role of the young would-be black man.
Except the highs hadn't been about me trying to prove what a down brother I was.
Not by then, anyway.
I got high for just the opposite effect, something that could push questions of who I was out of my mind, something that could flatten out the landscape of my heart, blur the edges of my memory.
I had discovered that it didn't make any difference whether you smoked reefer in the white classmate's sparkling new van, or in the dorm room of some brother you'd met down at the gym, or on the beach with a couple of Hawaiian kids who had dropped out of school and now spent most of their time looking for an excuse to brawl.
You might just be bored, or alone.
Everybody was welcome into the club of
And if the high didn't solve whatever it was that was getting you down, it could at least help you laugh at the world's ongoing folly and see through all the hypocrisy and bullshit and cheap moralism.
Stop mocking something you know nothing about."
#29703 Aug 2, 2012
Hey, all of the Romney's friends and associates can afford to participate in dressage, so how elitist can it be?
Okay, you might have to cut back on your caviar expenditures a bit, shorten your European vacations by a few days, and give the chauffeur, gardener, and butler a few extra days of unpaid vacation.
#29704 Aug 2, 2012
Save a horse........ride a cowboy!
#29705 Aug 2, 2012
Romneys plan doesnt work is very simple. The size of the tax cut hes proposing for the rich is larger than all of the tax expenditures that go to the rich put together. As such, it is mathematically impossible for him to keep his promise to make sure the top one percent keeps paying the same or more.
This is going to be a huge problem for the Romney campaign. The Romney team has tried to paper over the fact that its policy promises dont add up by withholding the crucial details that independent analysts need to do the math. But now independent analysts are filling in those details for them (the Tax Policy Centers look at Romneys tax plan should be read in tandem with the Center on Budget and Policy Priorities effort to flesh out his spending promises). And, ultimately, thats worse, as actors with more credibility than the Romney campaign are showing what the Romney campaign was trying to hide.
#29706 Aug 2, 2012
Evidence the Romney campaign does not have a good counterargument, part one: If they thought releasing more details would make the plan look better rather than worse, they would have released them rather than letting outside organizations fill in the blanks. Its essentially the same theory as refusing to release the tax returns. But now the Romney campaign is receiving pressure including from conservatives to release those details, which they know they cant do. And unlike on the tax returns, no one can say that the details of Romneys plans for governing the country are irrelevant to this campaign.
Passing any major tax reform plan is going to be much harder than people think. One reason tax reform in which you cut tax expenditures in order to lower rates sounds so good is that people dont know what the words tax expenditures mean. Heres what they mean:employer provided health insurance and fringe benefits; the partial exclusion of social security benefits; above-the-line deductions like moving expenses; education-related benefits and tax credits; the deductions for medical expenses, state and local taxes, mortgage interest, and charitable contributions; child- and dependent-related tax credits like the child care credit, earned income tax credit, and child tax credit. Be honest: How many of those do you really think well cut, much less eliminate? If the answer is not many, were not doing much tax reform.
#29707 Aug 2, 2012
Study: Romney tax plan would shift burden toward poor
But it's OK, the poor have a safety net!!!!!!!
#29709 Aug 2, 2012
Surprise! Romney Tax Plan Favors the Rich
Does it maintain or improve the tax code's progressivity, so that taxpayers in the lower brackets don't bear a larger burden? Or is it regressive, in that it mostly helps the wealthiest taxpayers? The Tax Policy Center, a Brookings Institution and Urban Institute joint venture, has just released the first such in-depth analysis of Mitt Romney's tax plan, and it's not pretty. Unless you happen to be wealthy.
To refresh your memory, Romney would extend the 2001-03 tax cuts of President George W. Bush and reduce individual income-tax rates by 20 percent so that the top bracket would fall from 35 percent to 28 percent and the bottom bracket would fall from 10 percent to 8 percent. Romney also would eliminate taxes on investment income -- dividends and capital gains -- for most taxpayers, end the estate tax, repeal the alternative minimum tax (AMT) and ditch the higher income-tax rates enacted in health-reform legislation.
#29710 Aug 2, 2012
Romney's Tax Plan Fantasy
It's been difficult for the experts to study Mitt Romney's tax plan because it's only half a plan. He says he'll lower rates for everybody and make up the difference by eliminating deductions and loopholes. But he won't say which deductions and loopholes. He tries to reassure by stating that he'll focus on the ones used by wealthy people.
But it's sheer fantasy, as three experts at Brookings' Tax Policy Center have now demonstrated with an important new study. There just isn't enough money in the elimination of deductions and loopholes for the wealthy to make it all add up. Plus, Romneys plan would decrease federal tax revenues by $360 billion in 2015. Bottom line:
Americans making over $1 million would see an increase in after-tax income of 4.1 percent (an $87,000 tax cut), those making between $500,000 and $1 million would see an increase of 3.2 percent (a $17,000 tax cut), and those making between $200,000 and $500,000 would see an increase of 0.8 percent (a $1,800 tax cut).
#29711 Aug 2, 2012
Our major conclusion is that a revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed - including reducing marginal tax rates substantially, eliminating the individual alternative minimum tax (AMT) and maintaining all tax breaks for saving and investment - would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers. This is true even when we bias our assumptions about which and whose tax expenditures are reduced to make the resulting tax system as progressive as possible. For instance, even when we assume that tax breaks - like the charitable deduction, mortgage interest deduction, and the exclusion for health insurance - are completely eliminated for higher-income households first, and only then reduced as necessary for other households to achieve overall revenue-neutrality- the net effect of the plan would be a tax cut for high-income households coupled with a tax increase for middle-income households.
#29712 Aug 2, 2012
Mitt Romneys tax plan would offer big cuts to millionaires, raise taxes on middle class
Mitt Romneys tax plan would provide large tax cuts to wealthy Americans and hike taxes on middle- and low-income households, according to an analysis by The Brookings Institution .
The report published Wednesday estimated households with incomes over $1 million would receive average tax cuts of $87,117 under Romneys plan, while those earning $200,000 or less would pay higher taxes.
Brookings analysts concluded Romneys plan favors high earners even when we bias our assumptions about which and whose tax expenditures are reduced to make the resulting tax system as progressive as possible.
For instance, analysts said,even when we assume that tax breaks -- like the charitable deduction, mortgage interest deduction, and the exclusion for health insurance -- are completely eliminated for higher-income households first, and only then reduced as necessary for other households to achieve overall revenue-neutrality, the net effect of the plan would be a tax cut for high-income households coupled with a tax increase for middle-income households.
#29713 Aug 2, 2012
Romney Tax Plan Devastated By Non-Partisan Tax Policy Center-But Is The Tax Policy Center Really Non-Partisan?
While Romney has gone on record as saying that he will produce the revenue neutral result by eliminating deductions and tax code loopholes, he hasto datedeclined to be specific in stating exactly what deductions and loopholes he will do away with to make it all work.
The good news? Because the Tax Policy Center did not know what Romney would actually eliminate, they took the trouble to construct a wide variety of models in an effort to see what results would emerge under different scenarios involving the many possible loopholes a Romney administration could choose to close and deductions that could disappear.
Something is wrong here. Either Governor Romney should tell us why the study fails or acknowledge that the tax cuts he proposes for the wealthy will either result in increased taxes for to those who earn less or will not, in fact, be revenue neutral after all.
If you are willing to let the Republican presidential campaign off the hook by dismissing what is a fairly extensive, fair and balanced report (I suggest you read the study)where the authors actually appear to go to the extreme to give the Governor the benefit of the doubtthen I have some California government bonds Id like to sell you. Theyre a great investment honest.
#29715 Aug 2, 2012
How anyone could even consider voting for a repub/tparty is beyond all sensibilities. Their complete fiasco in Congress, their complete lack of caring for the working class above their wealthy donors - NO, we can show the repub/tparty WE can say NO, too, as they did for any JOBS bills. But the legislation on women's privates, well, that's another story, they just couldn't have enough of going up women's thighs. We aren't sitting on our duffs waiting for handouts, as they're saying. We're out there doing whatever we can to earn a buck and then stretch it till it pings. The repub/tparty claim they have 67 bills ready, sure they do, all with poison pills, such as no restrictions on banks - give them a free hand; no regulations for safeguarding clean air and water. They've alreadty turned parts of the U.S. into sewers, sludge pits. More subsidies, less taxes on the wealthy. Down with those repub/tparty liars, scammers! Vote Democratic - give us working people a chance. WE want our U.S. returned to us.
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