Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GOP Tax Plan Targets Itemized Deductions
My Way News ^ | November 17, 2011 | STEPHEN OHLEMACHER

Posted on 11/17/2011 10:46:43 AM PST by madison10

WASHINGTON (AP) - A GOP plan to raise taxes by $290 billion over the next decade would limit deductions for mortgage interest, charitable donations and state and local taxes as part of a deficit-reduction deal. Some workers could also see their employer-provided health benefits taxed for the first time, though aides cautioned that the plan is still fluid...

(Excerpt) Read more at apnews.myway.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: deductions; gop; taxes; tea
Navigation: use the links below to view more comments.
first 1-2021-30 next last

1 posted on 11/17/2011 10:46:45 AM PST by madison10
[ Post Reply | Private Reply | View Replies]

To: madison10
No surprise, Conservative keep doing the same thing every election and then wonder why nothing ever changes in DC.

Time for Conservatives to get off the GOP plantation.

2 posted on 11/17/2011 10:49:31 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: madison10
aides cautioned that the plan is still fluid...

3 posted on 11/17/2011 10:50:50 AM PST by oh8eleven (RVN '67-'68)
[ Post Reply | Private Reply | To 1 | View Replies]

To: madison10

The same guys who can vote themselves raises with our money, have no problem seeing you pay more in taxes.


4 posted on 11/17/2011 10:52:40 AM PST by LibFreeUSA (Pick Your Poison)
[ Post Reply | Private Reply | To 1 | View Replies]

To: madison10

They need to do the sort of thing Reagan did.

They should abolish the mortgage deduction and a host of others, and then lower the tax rate at the same time.


5 posted on 11/17/2011 10:56:03 AM PST by cuban leaf (Were doomed! Details at eleven.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNJohnnie

Agreed. This is nuts. We overwhelmingly vote in outsider conservatives to stop the G-D spending, and we get minor reductions in spending increases and pay more in taxes. Awesome.


6 posted on 11/17/2011 10:57:11 AM PST by ilgipper (Everything you get from the government was taken from someone else)
[ Post Reply | Private Reply | To 2 | View Replies]

To: madison10

They are simply too weak and pathetic to stand up for the fight. The dumbazzes put their own sorry behinds in this position.

Standing up would mean having to get in front of a microphone and defending and teaching a position.

They don’t want to be branded “do nothing” by the MSM.

Sad bunch of critters they are.


7 posted on 11/17/2011 11:00:03 AM PST by dforest
[ Post Reply | Private Reply | To 1 | View Replies]

To: cuban leaf

I could live with that — but that’s not what they are proposing.


8 posted on 11/17/2011 11:01:09 AM PST by WayneS (Comments now include 25 percent more sarcasm for no additional charge...)
[ Post Reply | Private Reply | To 5 | View Replies]

To: madison10
A GOP congressional aide said the plan is designed to raise taxes on households in the top two tax brackets.

Great job guys. You're implementing the economic plans of the Occupy Wall Street crowd.

Rather than simplifying the tax code as everyone in the real world demands, it looks like they are adding a couple extra cats on treadmills and falling bowling balls to the Rube Goldberg machine that is our tax code.

9 posted on 11/17/2011 11:02:41 AM PST by KarlInOhio (Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNJohnnie

On second thought, this would increase the taxes on a lot of state, county and federal “workers”. They are some of the only ones that can qualify for a mortgage these days.

Six Whiskey Tango


10 posted on 11/17/2011 11:07:39 AM PST by 386wt
[ Post Reply | Private Reply | To 2 | View Replies]

To: madison10

They’ll say its just “revenue enhancement” not higher taxes

lol

We’ve heard it before, that loud sound of the RINO mating call called “cave, cave”


11 posted on 11/17/2011 11:08:34 AM PST by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: madison10

Cave-men are neanderthals!


12 posted on 11/17/2011 11:14:39 AM PST by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WayneS
--but that’s not what they are proposing.--

Well, not to be a broken record, but I'm watching all this political stuff like people watch a sports season. It's entertainment and a hobby, but it doesn't affect your life.

And what I mean by that last remark is, frankly, we're screwed no matter who is in the white house. That is why I have somewhat of a sense of humor about this whole thing. Black humor to be sure, but in a serenity prayer sort of way.

It's why I moved from Seattle to rural Kentucky this year. It is a small farm and house I purchased two weeks before Obama was elected. It even has a natural spring. Since these pictures were taken, we've added an 8x16 12' tall shed and we're completing the final steps for a 40x80x12 building at the back of the property, abut 60 feet to the right of the house, by where the rental car is parked. We've also put an 8x14 deck on the back of the house where that beam was attached in anticipation of a deck. And a greenhouse is my next project. And I just purchased a John Deer 1010 for the garden, grading the driveway, bush-hogging, etc.


13 posted on 11/17/2011 11:26:50 AM PST by cuban leaf (Were doomed! Details at eleven.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: All

We sure need an opposition party. No republican will get my vote. I really don’t see much difference so I refuse to be played for a fool again. Like I was in 2008. I voted for mcCain and still wasted my vote.


14 posted on 11/17/2011 11:34:21 AM PST by Terry Mross (I'll only vote for a second party)
[ Post Reply | Private Reply | To 12 | View Replies]

To: cuban leaf

Good for you! Wish I could afford to do what you did.


15 posted on 11/17/2011 11:36:15 AM PST by Terry Mross (I'll only vote for a second party)
[ Post Reply | Private Reply | To 13 | View Replies]

To: cuban leaf
They need to do the sort of thing Reagan did.
They should abolish the mortgage deduction and a host of others, and then lower the tax rate at the same time.


Bad Idea!
16 posted on 11/17/2011 11:36:15 AM PST by Kegger
[ Post Reply | Private Reply | To 5 | View Replies]

To: cuban leaf

Very nice. Best of luck to you in Kentucky. I lived in Portland, Oregon for 20 years, now I live in the Czech Republic.

Black humor is the only way to stay sane. That and a healthy dose of cynicism (at least for me). Politics is, for me, the grand game. And I agree.....it really makes no difference who’s in charge. The end result is the same.

Must be something in the water up there on Capitol Hill. And people freak out about flouride......I think there’s something a whole lot worse in the D.C. water supply.


17 posted on 11/17/2011 11:36:40 AM PST by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: cuban leaf
Correct, social engineering needs to go. 999
18 posted on 11/17/2011 11:38:17 AM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Terry Mross

—Good for you! Wish I could afford to do what you did.—

Our huge enabler was that we rented. :-)

The place cost me less than one year’s wages, and the property taxes are less than 10% of those for a Seattle mcmansion.


19 posted on 11/17/2011 11:47:52 AM PST by cuban leaf (Were doomed! Details at eleven.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: org.whodat; Kegger

—Correct, social engineering needs to go. 999—

You actually nailed why I’m against those tax exemptions and tax credits. They are used by the government to control people’s behavior. The mortgage tax credit is the first time in history people have been hoodwinked into spending $1,000 to save $200 in taxes. :-D


20 posted on 11/17/2011 11:50:32 AM PST by cuban leaf (Were doomed! Details at eleven.)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-30 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson