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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (646655)3/2/2012 12:53:25 PM
From: PROLIFE3 Recommendations  Read Replies (2) | Respond to of 1583662
 
krugman is a has been nobody..

MEANWHILE....O'BAGGY HAS HAD 100 FUNDRAISERS IN A MONTH........flying all over the country in AF1 while you suck canal water......do you really think he is getting all this money from the "middle class" and the :little guy"?? HAHHAHAHAAHAHAHAHAHAHAHAHAHAHAHHAAHAHAHAHAHAHHAAHAHAHA....Hollyweird and New York...the financial district...not Yonkers.......

He bitches and whines about the rich and they is exactly wjo he is soaking for big bucks......don't you just love a deceptive "man"..LOL!! that pretends to be president?

How many 18000 or 35000 dinners have to attended?



To: puborectalis who wrote (646655)3/2/2012 1:08:15 PM
From: tejek2 Recommendations  Read Replies (1) | Respond to of 1583662
 
So why is Mr. Romney offering a budget proposal that would lead to much larger debt and deficits than the corresponding proposal from the Obama administration?

Of course, Mr. Romney isn’t alone in his hypocrisy. In fact, all four significant Republican presidential candidates still standing are fiscal phonies. They issue apocalyptic warnings about the dangers of government debt and, in the name of deficit reduction, demand savage cuts in programs that protect the middle class and the poor. But then they propose squandering all the money thereby saved — and much, much more — on tax cuts for the rich.


This is what kills me. For decades Rs have positioned themselves as the fiscal conservatives and yet, none of its true. They say one thing but do quite another. This chart pretty much says it all:

zfacts.com



To: puborectalis who wrote (646655)3/2/2012 1:35:59 PM
From: tejek1 Recommendation  Read Replies (2) | Respond to of 1583662
 
Romney tax plan favors the richest of the rich

By Steve Benen
-
Fri Mar 2, 2012 10:15 AM EST

The non-partisan Tax Policy Center published a fairly detailed analysis yesterday of Mitt Romney's new tax plan, and it led to a series of headlines like this one: "Wealthy would cash in under Romney tax plan."

Mitt Romney's new tax plan would mean lower taxes for most Americans. But some would benefit more than others.

According to a new analysis from the Tax Policy Center, wealthy Americans would see their taxes fall precipitously under Mitt Romney's new plan -- which scraps the Alternative Minimum Tax and cuts marginal tax rates by 20%.

Assuming the Bush tax cuts are extended, the Romney plan would give the top 1% of earners an average tax cut of $150,000, a 7.8% reduction in their average federal tax rate, according to the Tax Policy Center.

I put together a chart to help clarify the extent to which Romney's plan benefits the very wealthy more than everyone else. Using the Tax Policy Center analysis, here's the change in effective federal tax rates under the Romney plan.


Note, the Romney campaign insists that the former governor's plan would give everyone a tax break. Putting aside, at least for now, whether everyone really needs yet another tax break in a time of high deficits and considerable public needs, the talking point isn't quite right.

As the TPC analysis shows, those in the lowest quintile -- folks in the bottom 20% of all earners -- would actually see a tax increase under Romney's plan, because the Republican intends to eliminate several Obama-era policies that benefit those struggling most.

Romney would then extend modest breaks to the middle class, while slashing rates on the very wealthy. The top 1% of all earners would get a tax cut worth about $149,997 a year, while those at the bottom would get a tax hike of about $149 a year.

The Tax Policy Center, not surprisingly, also found that Romney's plan would make the deficit much worse -- nearly a half-trillion dollars in 2015 alone -- because the Republican has made no effort to explain how he'd pay for these unnecessary tax breaks.

And in an electoral context, all of this matters, not only because Romney is a fiscal fraud, but because it reinforces one of his central problems: he's a very rich conservative who intends to fight for people like him.

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