Jump to bottom


1 b_sharp  Thu, Oct 18, 2012 7:48:07am

Good stuff.

It would be nice to see your calculations and links to where you got the info from.

2 b_sharp  Thu, Oct 18, 2012 7:52:16am

Oh, you might try a more tweetable headline. Something like:

Romney's Smoke and Mirrors: Deduction Cap Falls Short of Tall Aspirations

3 philosophus invidius  Thu, Oct 18, 2012 9:08:30am

As far as I can tell, Romney's plan is this:

(1) lower the effective tax rate of the rich
(2) wait for the rich to get so much richer that over the next 10 years, they will end up paying the same dollar sum of taxes that they do now.

In other words, his plan is nothing more than a stimulus for the rich that will incur deficits in exchange for the fantasy that the tax cut will make those deficits disappear in the long run. Of course, this voodoo economics has been completely discredited. It's failed as recently as GW Bush.

And when it fails again--although Romney will find some other reason for the lack of growth--then the rich win anyway. That's the win-win strategy for his investors (not the American people, but the audience at his 47% speech) that Romney perfected at Bain.

I would like someone, SOMEONE, to press him and Ryan on the question whether his plan is "revenue neutral" in YEAR ONE. Since they admit that "growth" is part of what supposedly makes the plan work, it seems to me that they would have to admit that it is a deficit-creating stimulus program.

What is disgusting to me is how Romney is getting away with lying about the plan by playing word games. Obama repeats over and over that the math does not add up. He's gotten all the mileage he can out of that point. But no one seems to be pointing out that Romney is not at all denying that this will be a huge tax cut for the rich--at least as normal people understand the word "tax cut."

4 JamesWI  Thu, Oct 18, 2012 11:28:40am

re: #1 Gangnam Style

Good stuff.

It would be nice to see your calculations and links to where you got the info from.

For the income tax numbers, I was basically just googling it, trying to find anything, and not coming up with much. I saw numbers on 2008 and 2009, which were around $1 trillion, and I found some sites that were claiming that projections for 2013 would put it around 1.3. But I wasn't finding any official numbers for the last few years. If anyone has better numbers, post them and I'll change it up.

As for any other calculations, that was just using the numbers from the linked article, and going from there.

5 ReamWorks SKG  Thu, Oct 18, 2012 1:44:16pm

Republicans love the deduction cap because it would disproportionally affect voters in high income-tax states, all which are all blue states! State income tax is deductible.

This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Charlie Puth - Girlfriend [Official Audio] "Girlfriend" Out Now - Text me:[no phone numbers allowed] Subscribe for more official content from Charlie Puth: Follow instagram.comtiktok.comSoundCloud Lyrics: Yeah, tired of this conversationWe didn’t come all this wayTo touch a little, kiss a ...
1 day, 16 hours ago
Views: 224 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Paul Weller - Village - Radio 2 BreakfastPaul Weller performs Village live from his Black Barn studio for the BBC Radio 2 Breakfast show
1 day, 18 hours ago
Views: 273 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Crowded House - Fall at Your Feet (Live From Home, 2020) In the spirit of musical comradeship through isolation, us fellas in Crowded House have created a live version of Fall At Your Feet, captured here in the making at our respective home set ups. Some of the sentiment in ...
1 day, 18 hours ago
Views: 287 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
#Thegreatpoolpondconversion - 200628after the rototilling we tossed several bags of wild flower seeds. thousands and thousands. we'll see what happens with them. we also bought four trees for our anniversary.all natives, good for birds and butterflies. there's a slash pine, a beautyberry ...
Welcome to The Imbleachment (dangerman)
2 days, 20 hours ago
Views: 312 • Comments: 2 • Rating: 4
Tweets: 0 • Share to Facebook
Russian Bounties — Trump Threatens the American Experiment - PRESS RUN Not once has Trump angrily banged a lectern and promised to get to the bottom of the stunning and heartbreaking story that Russian intelligence was paying lucrative bounties for the lives of American troops murdered in Afghanistan. Not once ...
3 days ago
Views: 388 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Jeff Lynne’s ELO - Telephone Line (Live at Wembley Stadium)Music video by Jeff Lynne's ELO performing Telephone Line (Live at Wembley Stadium). (C) 2017 Big Trilby Records, under exclusive license to Columbia Records, a Division of Sony Music Entertainment
4 days, 15 hours ago
Views: 510 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
The Alan Parsons Symphonic Project ‘Time’ (Live in Colombia) THE ALAN PARSONS SYMPHONIC PROJECT “LIVE IN COLOMBIA” - AVAILABLE AS DVD, BLU-RAY, 2-CD DIGIPAK, 3 VINYL GATEFOLD AND DIGITAL On the evening of August 31st, 2013, a large crowd gathered at Parque Pies Descalzos in Medellín, Colombia. When ...
4 days, 15 hours ago
Views: 511 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Portugal. The Man - People Say (Official Music Video)CREWDirector/DP Michael RagenProducer, Joy SaezCo Producer, Tristan SeniukProduction Design, Jack StrainHair/Make-up, Jennifer PopochockWardrobe Design, Rebecca Luke1st AC, Jerry Turner CASTLead Guard, Matt HastingsGuard, Orlando SubiaGuard, Steve GodfreyGuard, Simos KalivasGuard, Wesley Hubbard
5 days, 11 hours ago
Views: 612 • Comments: 0 • Rating: 0
Tweets: 4 • Share to Facebook
Mixed up Everything covers COLLECTIVE SOUL - Shine — YoutubeBuy our T-Shirt Subscribe for more videos: Follow Mixed Up Everything: Website & Store: mixedupeverything.comInstagram: instagram.comFacebook: facebook.comTwitter: @mixdupevrythingSpotify: Please support us:Apple Music - apple.coGoogle Play - bit.lyPaypal -
5 days, 11 hours ago
Views: 640 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
The Latest and the Past Wingnut Predicted New Ice Ages That Never Happened In which Peter Hadfield, aka Potholer54 tracks the November 2018 claims back to sources, and shows how wrong they are in their interpretation of the data regarding the new Solar Grand Minimum. He also does a great job of ...
5 days, 15 hours ago
Views: 654 • Comments: 1 • Rating: 1
Tweets: 2 • Share to Facebook