Hello Guys,

Whats your take on this? Yes I know this is coming from a liberal source. Is there any facts to prove this is wrong as you know of?

http://www.washingtonpost.com/business/economy/study-romney-tax-plan-would-result-in-cuts-for-rich-higher-burden-for-others/2012/08/01/gJQAbeCCOX_story.html

Mitt Romney's plan to overhaul the tax code would produce cuts for the richest 5 percent of Americans — and bigger bills for everybody else, according to an independent analysis set for release Wednesday.

His rate-cutting plan for individuals would reduce tax collections by about $360 billion in 2015, the study says. To avoid increasing deficits — as Romney has pledged — the plan would have to generate an equivalent amount of revenue by slashing tax breaks for mortgage interest, employer-provided health care, education, medical expenses, state and local taxes, and child care — all breaks that benefit the middle class.

"It is not mathematically possible to design a revenue-neutral plan that preserves current incentives for savings and investment and that does not result in a net tax cut for high-income taxpayers and a net tax increase for lower- and/or middle-income taxpayers," the study concludes.

Even if tax breaks "are eliminated in a way designed to make the resulting tax system as progressive as possible, there would still be a shift in the tax burden of roughly $86 billion [a year] from those making over $200,000 to those making less" than that.

What would that mean for the average tax bill? Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year

There is nothing nonpartisan about the Tax Policy Center, period, end of story.
As evidenced here.
http://newsbusters.org/blogs/rich-noyes/2008/07/15/mrcs-worst-week-obamas-liberal-buddies-non-partisan-experts

The need for paying a government's bills is in direct proportion to its spending policies.  The foreign aid programs which have been in effect for the last 50 years have been an enormous drain on our economy.  We have no present threat of invasion since world wide communism crumbled in 1990.   

When will US politicians realize that foreign aid and foreign wars, which burden our economy,  need no longer be a part of US foreign policy ?  Tax "reduction" codes should be geared to generate economic development and to reward the creation of a job oriented economy.  The lobbyist society which today influences congress (thru sheer monetary bribery) should also be disallowed. 

Good business practices do not have the excess monetary baggage which our current government has developed over the last 50 years.  The time has come to trim governmental budgets and to give relief to American taxpayers and businesses.

Ron Paul has consistently advocated such policies and has never wavered from them.

Quote from: Anthony on August 02, 2012, 12:14:41 AM
The need for paying a government's bills is in direct proportion to its spending policies.  The foreign aid programs which have been in effect for the last 50 years have been an enormous drain on our economy.  We have no present threat of invasion since world wide communism crumbled in 1990.   

When will US politicians realize that foreign aid and foreign wars, which burden our economy,  need no longer be a part of US foreign policy ?  Tax "reduction" codes should be geared to generate economic development and to reward the creation of a job oriented economy.  The lobbyist society which today influences congress (thru sheer monetary bribery) should also be disallowed. 

Good business practices do not have the excess monetary baggage which our current government has developed over the last 50 years.  The time has come to trim governmental budgets and to give relief to American taxpayers and businesses.

Ron Paul has consistently advocated such policies and has never wavered from them.

Welcome to the forum Anthony.
I agree we need to get a grip on foreign aid or rather bribe money, but there are countries/allies that would literally collapse within a year.
Israel comes to mind, should we just cut them all off at the knees and leave them to the predators to slaughter?
Bosnia, Poland, all struggling for autonomy, I too had your approach, but the situation is not as clear cut as many think it is.

Personally, I think we need a reduction on spending across the board on everything, from senior health, welfare, parks and NPR to Congress footing the bill for their health care and everything in between.
Fair is fair, we all need to sacrifice.

Oh, an addendum, Public broadcasting, or should I say DNC TV, needs to not only be gutted, they should be paying us for the use of airwaves. 

Hmmmm. One would have thought that we learned our lesson about isolationism in the forties. We cannot go back to that era if for no other reason than we exist in a global economy. However, that doesn't mean we can't be smarter about where we spend our money. For example, why are we still sending money to Egypt. The minute they elected the Muslim Brotherhood to office we should have cut aid then and there.

At least Romney has a plan for much needed overhaul.

What does Obamao have?...oh yeah...raise your taxes and spend it on Solyndra and more GSA conferences with clowns and hot tubs.


Billy