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Reply to "In a strictly financial sense, who should I vote for if my family makes < $200K/year"
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[quote=Freeman][quote=Anonymous]List a source from Romney's economic team that indicates part of his plan is to eliminate deductions for the middle class. Go on the facts not 3rd party opinion narratives. [/quote] I can't list a source stating what they plan to do, simply because they refuse to release the information, unlike the Obama campaign. However, in Mitt Romney's own words in a CBS interview: [quote]BOB SCHIEFFER: We-- we know, Governor, you've told us, you haven't been bashful about telling us where you want to cut taxes. When are you going to tell us where you're going to get the revenue? Which of the deductions are you going to be willing to eliminate? Which of the tax credits are you going to-- when will you going to be able to tell us that? MITT ROMNEY: Well, we'll go through that process with Congress as to which of all the different deductions and exemptions are the ones-- BOB SCHIEFFER (voice overlapping): But do you have any ideas now, like, the home mortgage interest deduction, you know, various ones? MITT ROMNEY: Well, Simpson-Bowles went through a process of saying how they would be able to reach a-- a setting where they had actually, under their proposal even more revenue for the government with lower rates. So mathematically, it's been proved to be possible. We can have lower rates, as I propose, that creates more growth, and [b]we can limit deductions and exemptions[/b]-- BOB SCHIEFFER: But you're not-- MITT ROMNEY: --but my view-- my-- my view is the right way to do that is to limit them for high-income individuals because I want to keep the progressivity of the code. One-- one of the absolute requirements of any tax reform that I have in mind is that people who are at the high end, whether you call them the one percent or two percent or half a percent, that people at the high end will still pay the same share of the tax burden they're paying now. I'm not looking for a tax cut for the very wealthiest. I'm looking to bring tax rates down for everyone, and, also, to make sure that we stimulate growth by doing so and jobs. For me, this is all about creating good jobs.[/quote] By refusing to specify what income levels will be affected, what deductions and exemptions will be altered or revoked, and generally not being forthcoming with information, we are left to speculate based on the amount of tax cuts that he is implementing and the additional revenue that will be needed to offset those cuts. You'll note that he states he wants to reduce tax rates for everyone. That is not the same as the tax burden. If you want me to accept any statement about the affect of his tax plans as fact, then you'll have to be prepared to actually state the entirety of his tax plan, not just the bits and pieces that his campaign believes will appeal to people. If the rest is so beneficial to everyone, why not reveal it now and win more votes?[/quote]
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