Is anyone else still stumped by Mitt Romney's tax plan? As far as I understand it, it goes something like this: Everyone gets a 20 percent tax break, it won't raise the deficit, the Big Boys will close up a bunch of as-yet-unknown loopholes, don't ask us any more questions. I mean, if Martha Raddatz can't get Paul Ryan to explain it, who can?
Oh -- and the latest is that 20 percent isn't actually a set-in-stone policy, it's more "a broad principle" -- something that holds about as much weight as a pirate's promise, I'm sure.
Never mind the math, or those five or six "studies" that prove it'll work (the definition of "studies" is also more of a guideline). Here's a website that finally explains it all! Check it out: RomneyTaxPlan.com.
So it reads, "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." And there's this red button that reads, "Get the details," and -- wait a minute! That button won't stop moving around. YOU CAN'T CLICK ON IT. Bwa ha ha, you've been punked by the DNC. It's all a big joke.

Hey, I'm not the only one who thinks Romney's tax plan is just a big joke. Here's Anderson Cooper ripping into it. "Keeping them honest, though, a bipartisan study found the math doesn't work. And the other studies, which the Romney campaign counters with, well they're coming under fire as well. The suggestion is that these are full-blow academic studies. Actually, three are blog-posts, one is a Wall Street Journal op-ed." The emperor has no clothes!
And here's Bill Clinton taking his turn. He explains why the math doesn't work and then he challenges us to stand up for "arithmetic over illusion." Burn.
Oh, but these are just a couple of "libtards," as some of the most astute members of the conservative community like to put it. Who cares what they think! What does Fox News have to say? I bet they'll back up Romney's tax plan! Yeah, here's Chris Wallace getting testy with Romney advisor Ed Gillespie over the lack of details in Romney's plan. "Why is it okay to tell voters about the candy ... but not about the spinach?"
This tax plan is bullshit. See you all at the debate tonight! Peace out. This is me dropping the mike and walking off stage. (Psst, Obama, that's how you do it.)
What do you think of the lack of details for Romney's tax plan?
Image via uvw916a/Flickr


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Comments 5
Romeny and Ryan have answered this question over and over, and it honestly does not seem confusing to me. It's obvious Chris Wallace was just playing the devil's advocate in that news clip. Although, I guess for some people who don't spend alot of time thinking about how their taxes are calculated, maybe it needs some explanation...
He's talking about two things that affect how much you pay in taxes.... your tax rate, and your deductions.
Your tax rate is the percentage of your income that you pay in taxes. If you made $100,000 in taxable income, and your tax rate is 28%, you will be required to pay $28,000 in federal taxes. Romney's plan calls to cut that tax rate for the middle class by 20%.
Deductions reduce the amount of your income that is taxed. Romney's plan will make up for the lost revenue by removing deductions that wealthy individuals have been using to reduce their taxable income. In turn, more of their income will be taxed, and more tax revenue will be collected.
Basically, the middle class will pay less, and the wealthy will pay more. It's amazing how much the two parties can agree sometimes. :) If anyone else has any questions about it, feel free to let me know!
And explain again how taxing the crap out of millionaires and corporations will make them stay in the US so that their wealth can be redistributed to the "middle class" and the poor? Or how doing so creates jobs? Specifics? Hmmmm.
http://money.cnn.com/2012/10/04/smallbusiness/obama-tax-employers/index.html
Google the
For comparison:
OWEbama Plan:
Begin Transcript:
Hope! Change!
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And this is AFTER he has been in office for four years!