Reply to What happens to families earning over 200k a year under Obama vs Romney, Results are SHOCKING

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Reply to "What happens to families earning over 200k a year under Obama vs Romney, Results are SHOCKING"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Except Romney's plan would blow a hole in the federal budget that would sink the Titanic in 10 minutes. His tax cuts make the Bush tax cuts look like kids stuff.  So, as Clinton said, either the deficit would soar, the govt would have to cut back everything by a 1/3 or so, or he would get rid of the middle class deductions for mortgage interest and health insurance.  That's probably a good deal for the rich, who get millions of $ of tax relief, but not such a good deal for most of us.

The idea that people are waiting to invest money until the cap gains rate gets lower seems stupid to me.[/quote]

Ok think about it, if investors aren't waiting to invest money until the rate goes down, people are going to be worried when the capital gains tax goes UP.

Nothing in Obama's plan is going to spur for private sector job growth and creation as strongly as Romney . New private sector job growth comes from VC and other investment firms creating new companies. I don't see anything from obama that is going to motivate a VC investors.[/quote]

The tax rate on all forms of income should be the same and then VCs and everyone else can make their investment decisions based on what is likely to give them the best return (i.e. best economically), not making investments in order to get a tax break-- that's how we ended up with overbuilt real estate in the 80s and similar problems.  Frankly, I don't want VC investor who are only "motivated" by paying zero taxes on their investment.[/quote]

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