Romney's way: Let middle class pay the rich's tab

Jun 19, 2012 Full story: www.cnn.com 44

We all know this election is going to be about the economy. President Barack Obama knows it, Mitt Romney knows it and so do the media -- even though at times pundits pretend it's about much smaller and sillier topics.

The difference, as the president told the country last week, is that he is the only candidate in the race who truly understands that it's about a very specific part of our economy: the middle class.

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harvey

Columbus, OH

#46 Jun 20, 2012
Mr_Bill wrote:
<quoted text>
I'd cut the Pentagon by 10%, not 25.
It could be cut by 80% over, say, 10 years and still provide more than adequate protection to North America.

We have no business engaging in constant wars, killing people with strikes in foreign countries, operating over 700 military bases around the world, or enlarging and modernizing our nuclear arsenal. Most of the military's funding is WASTE.

Since: Sep 08

Placitas, NM

#47 Jun 20, 2012
According to a study prepared by the congressional Joint Economic Committee and verified by independent experts, the House Republican budget authored by Budget Committee Chairman Paul Ryan (R-WI) would raise taxes on families making less than $200,000, even while it gives millionaires a tax cut:

So although households earning $100,000 to $200,000 a year would save about $7,000 from the lower tax rates in the GOP plan, those savings would be swamped by eliminating major deductions, according to the report by the Democratically controlled congressional Joint Economic Committee.

The net result: Married couples in that income range would pay an additional $2,700 annually to the Internal Revenue Service, on top of the tax increases that are scheduled to hit every American household when the George W. Bush-era cuts expire at the end of the year.

Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.

“Ryan seems to want to have his cake and eat it, too, and this report shows that you can’t,” added Sen. Charles E. Schumer (D-NY).“If you want to cut taxes on the rich and not raise the deficit, you’re going to have to basically clobber the middle class.”

According to the non-partisan Tax Policy Center, the Republican budget would also slam those making less than $30,000 per year, because it doesn’t extend some of the tax cuts for low-income Americans that President Obama has signed into law: SEE THE GRAPH

....as the Tax Policy Center’s Roberton Williams said,“unless [Republicans] go after the tax preferences that benefit the wealthy, it’s really hard to undo the regressivity of the rate changes. You’ll be shifting the burden of the tax code toward the middle class.”

http://thinkprogress.org/economy/2012/06/20/5...
conservative crapola

Springtown, PA

#48 Jun 20, 2012
harvey wrote:
<quoted text>
It could be cut by 80% over, say, 10 years and still provide more than adequate protection to North America.
We have no business engaging in constant wars, killing people with strikes in foreign countries, operating over 700 military bases around the world, or enlarging and modernizing our nuclear arsenal. Most of the military's funding is WASTE.
Yet, rugby crampaigns on going to war with Iran and has McBlame to talk him into going after Syria. The neo-cons have been rendered useless by Obama's foreign policies and need a war and the deaths of more American soldiers to gin up their ego.

This Fall, give your NO vote to the party of teabagging NO'sters that's given America nothing for 4 years.
harvey

Columbus, OH

#49 Jun 20, 2012
conservative crapola wrote:
<quoted text>
Yet, rugby crampaigns on going to war with Iran and has McBlame to talk him into going after Syria. The neo-cons have been rendered useless by Obama's foreign policies and need a war and the deaths of more American soldiers to gin up their ego.
This Fall, give your NO vote to the party of teabagging NO'sters that's given America nothing for 4 years.
Enough war, already. Both parties need to get that through their pointy little heads.

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