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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDoes Grover Norquist allow eliminating Deductions?
The entire Romney (secret) tax plan is to cut taxes on the rich by a staggering amount, but to make it revenue neutral by off-setting the cuts with reductions in deductions that are too secret to talk about.
Leaving aside that it's a lie, does Grover Norquist allow eliminating deductions... particularly deductions totaling trillions of dollars over ten years?
Sounds like a tax increase to me.
And if the cuts precede the off-setting elimination of deductions (as seems to be Romney's plan) then when we get to eliminating deductions they will surely be a tax increase. (They will raise taxes above the status quo, which would be the Romney tax-cut.)
jberryhill
(62,444 posts)As I understand it, any change must be revenue neutral.
Jeff In Milwaukee
(13,992 posts)Norquist doesn't care about revenue neutral (he's sort of opposed to it, really). He wants to shrink federal revenues overall. He's said that his organization (which is Grover and a fax machine) don't look at individual taxes, just the aggregate rate.
oldsarge54
(582 posts)I'd like to know what the Republican replacement for the ACA is. I'd like to know who are those donors behind closed doors and what are they being promised. What is the plan to fix the border? No one yet has revealed what specific agencies and regulations are on the Republican hit list.
justabob
(3,069 posts)Sen Coburn IIRC. Norquist said closing loopholes = raising taxes. Asshole.
on edit: http://election.democraticunderground.com/?com=view_post&forum=1002&pid=958928
reformist2
(9,841 posts)This needs to be a bigger campaign issue - if the deficit is such a big deal (and it is), Romney needs to show exactly how his "tax plan" will reduce the deficit.
Bettie
(16,110 posts)You know, the ones that benefit middle class people, like mortgage interest if it gets him and his buddies ahead.
I really wonder why people in congress are making pledges to this guy, instead of serving their constituents.