They want that money considered "capital" right down to the last lube job on their Cadillacs, or the rugs on the floors of their multi-million dollar mansions.
“Shut up, Newt...this race is over, we have DECLARED IT!”
signed/Boehner and McConnell
To go with that he is also going to get rid of the state tax and property tax deduction.
THAT would screw many in the middle class.
Mortgage deduction is the only tax shelter/write-off that the middle class has. Figures he wants to do away with it.
It will crash the housing market.
Kick mitt to the curb, Newt. Despite all the Mitt maggots who are determined to get this evil blood sucker in power.
Government needs to shrink by at least 1/3. As long as they are sucking in the amount of $$ they currentky are; they will keep playing with and controlling us.
We need to say to the government; no thanks, get off my lawn.
Once again Romney doesn’t have the right answer. If he wins the nomination I will have to vote for him but Newt is the only one for me. Newt has the best answers and the guts to make them happen.
Eliminate all deductions install a flat tax and then everybody will be treated “the same”. As it is now the tax code is strictly designed to buy votes.
Many state governors are not happy with Romney’s plan. Do NOTE he announced this at a “behind closed doors” fund raiser and word leaked out. Romney is a fool..we can’t trust this man to lead our country. God help us but we are so screwed.
Thank YOU Fox News, the NRC, Rove, Coulter, Drudge, gop E for selling us down the river. You do know they will do some quick damage control to hush this up and/or cover it up.
GO NEWT!
Let’s Bump Plans: A Comparison of Gingrich and Romney’s Tax Plans
http://www.newt.org/2011/10/30/lets-bump-plans-a-comparison-of-gingrich-and-romneys-tax-plans/