Romneyism: One Nation Under God With Respect for Every State

[Democratic Hawk]

Romneynomics:

“There are some differences in the campaign coming forward, which is the president, our current president, is intent on raising tax rates, particularly for small business,” Romney said in Bethel Park, Pennsylvania, a Pittsburgh suburb.

“I want the top income earners to pay the share they’re paying now,” he said. “But I do want to help middle income families find a way to make it easier to make ends meet.”

“I’m going to probably eliminate for high-income people the second home mortgage deduction,” he said, adding that he would also likely eliminate state income and property tax deductions.

Romney’s plan calls for a 20 percent across-the-board cut in individual income tax rates. It would lower the top tax rate to 28 percent for individuals from 35 percent now, cut corporate taxes to 25 percent from 35 percent, eliminate the estate tax and scrap the alternative minimum tax. It also would limit deductions, exemptions and credits now available to higher- income Americans. 

Obviously because the last broadly sweeping tax cuts from a Republican were so successful 

[Democratic Hawk]

Romneynomics:

“There are some differences in the campaign coming forward, which is the president, our current president, is intent on raising tax rates, particularly for small business,” Romney said in Bethel Park, Pennsylvania, a Pittsburgh suburb.

“I want the top income earners to pay the share they’re paying now,” he said. “But I do want to help middle income families find a way to make it easier to make ends meet.”

“I’m going to probably eliminate for high-income people the second home mortgage deduction,” he said, adding that he would also likely eliminate state income and property tax deductions.

Romney’s plan calls for a 20 percent across-the-board cut in individual income tax rates. It would lower the top tax rate to 28 percent for individuals from 35 percent now, cut corporate taxes to 25 percent from 35 percent, eliminate the estate tax and scrap the alternative minimum tax. It also would limit deductions, exemptions and credits now available to higher- income Americans. 

Obviously because the last broadly sweeping tax cuts from a Republican were so successful 

Do you really have a problem with a twenty percent cut in federal taxes for struggling families, and a streamlining of the tax code for high income earners?

I believe struggling Americans can spend twenty percent of their current tax load better than the Obama Administration can. Struggling families need relief, not more empty chants of "hope and change."

Spare me any pretence that the Reactionary Party cares about struggling families. They opposed the cuts targetted at the middle and working class in the stimulus because there was nothing for the few to whom they are, ideologically, beholden. Where is the money coming from? Will "austerity" pay for them? The federal government is running a deficit of c.$1.4 trillion. You're clearly out to cut taxes for those who aren't struggling 

Why not return to the somewhat more progressive tax system of the Clinton Era (and of those between 1981-2008, he's the only one I rate), while reducing taxes for those who need it?

The bills have got to be paid. The Reaganite David Stockman is withering in his criticism of the GOP's anti-tax jihadism. Why? Its unaffordable. Perhaps had Bush 43 not recklessly cut taxes to begin with while expanding government, talk on raising them at all on anybody may not reared its head

[Democratic Hawk]

A 20 percent reduction in all of the tax rates is still progressive, and benefits those who do need it. The real question is why the Obama Administration thinks it can spend anybody's income better than they can. Do you believe Washington bureaucrats can spend your income better than you can?

I don't have some tax aversion, Politico. I can honestly say that I've never cast a ballot on the promise of tax cuts in my life

And, hypothetically, at a time of $1.4 tn deficits, I'd willingly pay more if it meant sunset on the, fiscally, reckless Bush tax cuts

Right now, we've a Council Tax freeze in Durham, but it hasn't stopped us from sending an inflationary increase voluntarily for the past couple of years, certainly at a time when "austerity" is meaning job losses . Death would be more humanitarian fate to wish on your enemy than unemployment in the UK. Indeed, none of my extended family of my parents' generation ever experienced unemployment until the 'Monetarist Recession', so needless to say that well toxified the Conservative Party