Well, I think you hit a reset button for the fall campaign.
Everything changes. It's almost like an Etch a Sketch.
You can kind of shake it up and we start all over again.
Posted on 04/16/2012 8:16:32 AM PDT by bestintxas
Mitt Romney, speaking at a private fundraising event on Sunday, offered the first details of deductions he would eliminate or limit in order to offset the income tax cut he has proposed for all taxpayers.
Mr. Romney, the presumptive Republican nominee for president, said he would eliminate or limit for high-earners the mortgage interest deduction for second homes, and likely would do the same for the state income tax deduction and state property tax deduction.
He also said he would look to the Department of Education and the Department of Housing and Urban Development for budget cuts.
Mr. Romney discussed his plans while speaking to high-dollar donors at a private estate. During the backyard event, which could be heard by reporters outside on a public sidewalk, Mr. Romney offered policy specifics he has yet to unveil on the campaign trail.
Republican presidential candidate Mitt Romney, shown last week, offered the first details Sunday of tax deductions he would eliminate. .Mr. Romney has pledged a 20% cut to income tax rates for taxpayers in all income brackets but has offered few details for how he would pay for the proposal. Mr. Romney also has vowed to bring federal spending under control, while offering few details on which programs he would cut.
President Barack Obama recently criticized Republicans on the point, saying they hadn't specified which programs they would pare back.
"I'm going to probably eliminate for high-income people the second-home mortgage deduction," Mr. Romney told supporters at the event Sunday. His plans could allow him to keep the same level of tax revenue but to lower rates, which he said would allow small businesses to keep a larger share of their earnings and expand
(Excerpt) Read more at online.wsj.com ...
With talk like this, he is no better than Obama.
I was just thinking that taxes are painfully low. :)
Thataboy Mitt. Concede the narrative on this issue to Obama by buying in to his “Tax the Rich” mentality. You’ll just do it slower.
“With talk like this, he is no better than Obama.”
Just one more reason to vote Obama!
Eliminating deductions is part of what’s necessary to move towards a flat tax. Interesting proposal.
With talk like this, he is no better than Obama.
Yeah, but at least he’s white and he has a R in his title. /s
Get a load of this RINO crap...!
Good point, I wont knee jerk, have to look at this more closely.
“Just one more reason to vote Obama!”
I can’t wait!
So, you'd rather not get a 20% income tax break and eliminate deductions that curry favor to specific segments of the population?
For the “hold my nose and commit suicide” crowd. Those voting Romney might as well vote Obama. Though this is WORSE. Just open the door and invite the vampire in.
The guy's talking about 20% tax cuts across all income brackets. Eliminating major deductions also means an effective end to the Alternative Minimum Tax, since AMT is contingent upon deductions that are denied.
At least you’ve come to the obvious conclusion. Many here are still all about rallying around the inevitable nominee. It seems to not matter hes Barry in a different package.
state property tax deduction?!?!?
wth!
ROMNEY wants to eliminated my deduction for the property taxes I pay?
F! that!
I will vote for Obama before I vote for this ___wipe!
C’mon, you’re not that dumb to fall for this are you? This is just Obamney’s “Read My Lips” moment. He has no intention of cutting any taxes or federal spending. He will increase both. It’s what he does.
President Barack Obama recently criticized Republicans on the point, saying they hadn't specified which programs they would pare back.
We know Obama's added $1T in spending and wants to add trillions more. That's enough to want some other guy in office. That's on top of his rolling illegal alien amnesty and his systematic alienation of our allies abroad. Anybody but Obama...
Some years ago, I think under Clinton, there was a proposal floated to eliminate the deductabilty of state and local taxes. Chuckie Schumer went ballistic over it. The diea was withdrawn..
Remember the difference between Republican and conservative. Conservatives aren't fooled by Mutt Romney.
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