Posted on 02/24/2012 6:00:49 AM PST by GVnana
The transcript, in relevant part:
I am going to lower rates across the board for all Americans by 20%. And in order to limit any impact on the deficit, because I do not want to add to the deficit, and also in order to make sure we continue to have progressivity as we’ve had in the past in our code, I’m going to limit the deductions and exemptions particularly for high income folks. And by the way, I want to make sure you understand that, for middle income families, the deductibility of home mortgage interest and charitable contributions will continue. But for high income folks, we are going to cut back on that, so we make sure the top 1% pay the current share they’re paying or more.
VIDEO AND COMMENTARY AT LINK.
(Excerpt) Read more at biggovernment.com ...
I didn’t think it was possible to be less enthusiastic about a candidate than I was with McCain last time. Unfortunately, it didn’t even take 4 full years to find someone worse.
Yeah. Even though NY’s electoral votes are doomed to go to Obama, I will trudge down to the polling station to write in Gingrich, if Mittins tops the GOP ticket.
Then write the check Mitt!
Pray for America
Newt got hammered on Bain Capital (rightfully) but the MSM will not hardly mention this about Mitten’s.
they so look down on us, and patronize us
The little people making $50,000 as the “middle class?
someone kick romney in the ass and knock that silver spoon down his throat, but only AFTER he writes a check to the IRS for 39% of his sons’ 100 million trust fund
Several commentators have this right: when he tries to give a conservative answer, he really has to think about it. I believe it happens because his first thoughts are liberal.
Not to lend credence to Romney’s statement, but it occurs to me that this “1%” include people like Buffett, Gates, Kerry and any number of leftists who are constantly playing the class card.
Maybe we need to start challenging all these “do as I say, not as I do” lie-berals to start walking the walk that they are constantly talking about.
Rush had a cow about Romney’s statement yesterday.
On his radio show Thursday, Rush pointed out that tax cuts do NOT increase the deficit.....they increase economic activity, and therefore bring in more money to the government.
When Reagan took office in January 1981, the IRS was raking in $500 billion per year. Eight years later, when Reagan left office, the IRS was taking in $950 billion per year.
Here’s hoping that Romney is NOT the nominee.
Worse candidate that McCain
I’ve got an idea:
If you didn’t pay any federal income taxes last year, you don’t get to vote in a federal election. Think that might change the political landscape?
Just the fact that he's using the same language as the radical leftists does not bode well. Even hinting that a certain economic class of people should pay a certain amount, implicitly agrees with the whole premise of the OWS crowd AND Obama.
Mr. Romney, our country is not in the shape it's in because we have a revenue problem. It's in the shape it's in because we have a spending problem! Claiming this person or that person should pay an arbitrary "more" amount, supports a moving target.
It's like the scene from the Chevy Chase movie, "Vacation," where Clark Griswold asks "how much will his auto repairs cost?" The mechanic says, "how much you got?"
Finally, claiming that only 1% should pay more, is just the first step in an incremental claim against all of us. After insisting those at the very top pay more, it stands to reason that those in the top 5 or 10 percent are also doing much better than everyone else, and should be taxed more; soon, the top 49 percent are being asked to pay more.
I would rather take the microphone, rather than income or wealth, away from people like Buffett, Soros, Gates, etc. What gives a successful investor or businessman any particular credibility on policy issues, anyway, outside of the narrow interests of their business activities? Why should Congressional committees take testimony from actresses and basketball players?
I suppose it’s the nature of our decadent culture. The so-called “creative class” is just a self-congratulatory name for our modern version of the courtier class.
He's telling you he's ONE OF THEM!
Yup. Obama-lite.
The Mormon version of Barry.
Clean and articulate.
And, just as destructive.
Romney has drunk the liberal kool aid. Romney is now and has always been a liberal. The only thing that has changed with Romney is that he is trying to convince people that his liberalism is actually conservative.
Tax Year 2009
|
Percentiles Ranked by AGI |
AGI Threshold on Percentiles |
Percentage of Federal Personal Income Tax Paid |
|
Top 1% |
$343,927 |
36.73 |
|
Top 5% |
$154,643 |
58.66 |
|
Top 10% |
$112,124 |
70.47 |
|
Top 25% |
$66,193 |
87.30 |
|
Top 50% |
$32,396 |
97.75 |
|
Bottom 50% |
<$32,396 |
2.25 |
|
Note: AGI is Adjusted Gross Income |
||
Now: you may be aware that the top 1% paid 40% of all Federal income taxes in 2007. Why did their share drop to under 37% in 2009? Because the average annual income for the top 1% has dropped by over $66,000, thanks to Obama's brilliant economic policies. A falling tide sinks all boats.
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