General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFor a detailed explanation of how the Romney-Ryan tax plan is able to cut taxes by $5 trillion...
"For a detailed explanation of how the Romney-Ryan tax plan is able to cut taxes by $5 trillion without raising taxes on the middle class or exploding the deficit, simply click the button below."
http://www.romneytaxplan.com/
(Button at link, heh)
atreides1
(16,091 posts)louis-t
(23,297 posts)LuvNewcastle
(16,855 posts)Can't wait to hear from the Republicans.
jmowreader
(50,562 posts)Just put the words "IT CAN'T" in letters about six inches high across your screen.
And that's the reality of Romney's plan: Most of the "loopholes" Romney is going to rely on to balance his $5 trillion giveaway to the rich were closed by Ronald Reagan in an attempt to make Reaganomics work, and closing some of them (the passive-loss deduction loophole stands out because closing it killed an entire industry) did more harm than the deficit would have.
Fortune has an article up now that claims the only way Romney's numbers work is if he closes the entire government. Fortune is not some fly-by-night leftist rag; if there has been a liberal on the editorial staff of that magazine since it was founded, he lied on his application to get in. Every reasonable conservative publication--yes, there are some--has gone on record as saying that Romney can't make this work no matter what he does.
OTOH, the graphics on the RomneyTaxPlan site are fun, and we all need a little of that.