Posted on 12/13/2011 1:04:25 AM PST by Jim Robinson
Newt Gingrich promises to revive the Gipper's economic plan -- and then some
Newt Gingrich's economic plan is not Reaganesque. It is not, as so many of his Republican presidential rivals' claim their plans to be, inspired by Reaganomics. It is Reaganomics, cryogenically frozen in 1981, thawed 30 years later, and pumped full of Newt-style steroids in order to save the American people from slow growth. The plan features massive tax cuts (which would largely benefit businesses and the wealthy), less government spending (through the privatization of entitlement programs), interest-rate hikes, and rampant deregulation.
The foundation is classic supply-side, trickle-down, Laffer-curve economics, which Gingrich's economic advisers predict will unleash a boom that will eventually generate enough tax revenue to balance the federal budget. How big will that boom be, you ask? What do the campaign's projections show? "If you go back to the Reagan years, from 1983, that's our projection of what the boom would look like--exactly," says Peter Ferrara, a former Reagan aide who helped draft the Gingrich plan.
~~snip~~
What does appear is a package of tax cuts much deeper than Romney or Perry propose. Like Perry, Gingrich would let taxpayers choose between the current income-tax system or a flat rate. Perry's rate is 20 percent; Gingrich's is 15 percent. Romney would eliminate taxes on capital gains, dividends, and interest for taxpayers who earn less than $200,000 a year; Gingrich eliminates them entirely. Romney's plan cuts the corporate income-tax rate to 25 percent, while Perry's would be 20 percent. Gingrich would drop the corporate rate all the way to 12.5 percent--lower than even Ron Paul has proposed.
(Excerpt) Read more at theatlantic.com ...
I am SO low tech. Watch tv online? Whoa. No wonder the techie teen here has been so quiet lately. I better go have a look...
We bought a 1982 Zenith new in early 1983, we still use it to this very day.
You are a broken record. Every thread about Newt you spew your B/S. You are Obama’s best ground guy here on FR.
[ You are a broken record. Every thread about Newt you spew your B/S. You are Obamas best ground guy here on FR. ]
Maybe.. but nOOt emoting about his love for both Roosevelt’s and Wilson crawls my neck..
May not bother anybody that knows nothing about these traitorous bastards..
BUT it bothers me.. these “progressive” bastards are heros of Newt Gingrich..
nOOt crawls my nape and gives me the heebie jeebies..
Maybe you’re honest and will admit being a “progressive”..
BUT................ I doubt it..
The entire media is blacked out on information of what a progressive “IS”..
Course Beck spent several of his shows on it.. but after Beck ZERO..
Could be why he was “shit” canned.. info about PROGRESSIVES..
Since....... the blackout IS TOTAL..
By the way, you own a vette?
[ By the way, you own a vette? ]
Actually I am a Vette...
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