I disagree their tax plan is a 'minor portion' of their economic plan. I think it is kind of sketchy that they are not releasing any details. It makes me feel like a) they don't have any details or 2) the details would prohibit them from actually winning the election.
I have seen reports that said in order to find enough loopholes to cover the 20%, the middle class will lose a lot of deductions they enjoy now - mortgage, health benefits, etc. I have not seen any that show where we can find money to back fill the 20% cuts - and NOT have it affect those deductions for the middle class. Its hard for me to wrap my head around the fact that, according to what Rep. Ryan said last night (and I understand that I may have misunderstood, or even maybe, he misspoke) everyone will get a 20% across-the-board tax cut, but the difference will be made up by eliminating loopholes and deductions only 'for the wealthy'. Everyone gets cuts, but only the wealthy will make up the difference? How are wealthy people behind this plan if they are the ones stuck with the bill? In the end, how is that any different than letting the Bush-era tax cuts expire only for the wealthy? On Fri, Oct 12, 2012 at 1:23 PM, Sam <[email protected]> wrote: > > I'm not sure why they're even pushing a 20% tax cut. They should just > leave existing cuts in place. maybe they think the savings will spur > spending, leaving it to the people rather than the government to grow > the economy. That alone never works, if people are worried about > future employment they will squirrel it away. > > They didn't mention details in the debate but they have over the > months. Some things like reducing the capital gains deductions got > some push back so they don't want to commit to specifics. The money is > there to make up the difference but it's a matter of who's going to > take the hit and that's where they want bi-partisan support for what > makes it to the final bill. It sounds like if they can't cover the 20% > with closed loopholes they'll cut to the amount they can get. > > I think it's too much focus on a minor portion of their economic plan > but I could be wrong. > > . > > On Fri, Oct 12, 2012 at 1:01 PM, Scott Stroz <[email protected]> wrote: >> >> I do not recall hearing anything about mortgage deductions, etc. other >> than last night Rep. Ryan did say something about mortgage deduction >> (and I think healthcare) not be affected for 'the middle class'. >> >> If they are using this in their campaign, they really ought to have >> _some_ idea of what can fill the gap. Instead Rep. Ryan called it a >> 'framework' and said something akin to 'it sup to others to fill in >> the gaps'. >> >> Does it not sound odd to anyone else that there plan is, basically, to >> cut taxes and let others figure out where to make up the difference? >> Not so sure that sounds like a 'plan'..at least not a complete one. >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:356046 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
