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 ...
PFL.
And the obverse must be true as well: you may choose to pay taxes, and if you do, you get to vote. If you choose not to pay taxes, you do not get to vote.
Unfortunately, our socialist masters pushed through the 24th Amendment to the Constitution in 1964. It specifically forbids poll taxes, effectively making voting rights a civil right rather than a privilege earned by becoming a true citizen.
Amazing.
Many deductions are already of little use to high income people due to the alternative minimum tax
Good point ...and it wasn't just the media; it was the entire GOP-E and talk radio that hammered Newt when all he was questioning was the ethics of one company. Now Mitt suggests an anti-capitalistic systemic change to our tax code and we hear ...(crickets).
I do expect Rush will “weigh in” on this issue though; since he is pretty consistent on fiscal conservatism ...plus it will give him yet another chance to push Rick's campaign at Romney's expense. (Rush clearly likes Santorum best of the 4 remaining candidates.)
Thx for the “stats.”
I “get” the “inverted” analogy; however, in this case a “falling tide” more likely leaves all boats “holed” on the rocks or “grounded” on a sandbar. (smile)
Ff
romney... I will NEVER vote for that rat bastard liar.
LLS
and the Establishment still wonders why they can’t get us on board the Mitt Train?
We all know that “White folks greed leaves a world in need”.
When Zippo says “FOLKS” he really means “White folks” he just leaves “White “ off.
Romney knows damned well that the 0.1% shelter most of their income in tax-exempt foundations. Hence, 'tax the rich' is targeted at the competition for the 0.1%, the lower upper class if you will. It is effectively a 'rich get richer' scheme. SOS
Probably not a viable idea, since most people would choose not to pay taxes and take their chances with those who do. Not a wise idea, but probably what would happen.
Perhaps I'm still in favor of the poll tax in that sense. To me, I think it should simply be a condition of voting, just like you must be a US citizen to vote in Federal elections or a state resident for state elections.
In fact, I like Neil Bortz idea of: no federal income taxes, no vote, $1 - $10,000, one vote, $10,001-20,000, 2 votes, and so on up to a max of 5 votes on $50,000 in federal tax payments. The Constitution says voting is a right because you can fog a mirror on a piece of US soil...I understand that. (Hell, dead people have voted twice in Lake County, Indiana, thanks to Acorn.) My feeling is that voting is a right you earn by being a productive member of that society and have something in the pot representing a vested interest in what happens. If you're a parasite, all you want is more for yourself, and that's who politicians pander to.
Romney is no conservtive. Tax cuts do not increase the deficit. What a disaster he will be as our nominee repeating lies told by the left.
Yeah, not only is Romney a social liberal, he is a fiscal liberal. First with his safety net comments, then minimum wage comments, and now this idea that tax cuts increase the deficit.
Who keeps voting for this guy??
Unelectable.
And this talk about raising taxes on the rich shows that he is firmly in the Kerry/Buffett/Corzine camp of the wealthy economic liberal. Romney has also indicated before that he "can't" go out and talk about cutting taxes on the rich because he is rich, and he believes it would look bad. So he's blatantly doing the same thing liberals do, attacking the rich in order to try to get elected by everyone else. It's just somewhat shocking he can maintain establishment Republican support while doing this, although he did take a noticeable hit the day he talked about indexing the minimum wage to inflation. You could tell the establishment's enthusiasm decreased a bit that day, although it seemed to be on its way back up since then. Maybe this latest news will hurt it again.
Let’s not forget Santorum also wants the progressive tax with a 10% and 28% rate. Newt is the only flat tax guy left at 15% for everybody, unless you think Ron Paul can pull off the 0%.
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