I like what the Brookings Institution says about the Romney Ryan tax plan:
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. http://www.brookings.edu/research/papers/2012/08/01-tax-reform-brown-gale-looney http://www.brookings.edu/research/papers/2012/08/16-romney-tax-implications-brown-gale-looney On Fri, Oct 12, 2012 at 11:42 AM, Scott Stroz <[email protected]> wrote: > > One thing I find bothersome is that in the 2 debates so far, both Gov. > Romney and Rep. Ryan have not mentioned any 'loopholes' or > 'deductions' they think can make up difference in the 20% > across-the-board tax cuts. Even when asked for items they feel > could/should be 'on the table' they fall back to the 'it will be > bi-partisan Congressional decision'. > > I will never scoff at lower taxes, but before I could get on board > with their tax plan, I would need to know at least what loopholes and > deductions they _think_ can fill the gap left by the 20% tax cut. > Something...anything. > > Also, I tried looking and did not find anything, has the Romney/Ryan > camp defined what they consider to be 'wealthy' under their plan? > > On Thu, Oct 11, 2012 at 11:58 PM, Scott Stroz <[email protected]> wrote: >> 1. I had a hard time focusing on the debate itself. I kept getting >> hypnotized by Vice Pres. Biden's teeth and the Eddie Munster 'peak' on >> Rep. Ryan's hair. >> >> 2. Vice Pres. Biden reminded me of the weird uncle at Thanksgiving. >> >> 3. Rep. Ryan reminded me of a 2nd year, know-it-all political science major. >> >> 4. I would be hard pressed to say either 'won'. >> >> -- >> Scott Stroz >> --------------- >> You can make things happen, you can watch things happen or you can >> wonder what the f*&k happened. - Cpt. Phil Harris >> >> http://xkcd.com/386/ > > > > -- > Scott Stroz > --------------- > You can make things happen, you can watch things happen or you can > wonder what the f*&k happened. - Cpt. Phil Harris > > http://xkcd.com/386/ > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:356028 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
