Tax cuts for the rich are unpopular, unaffordable and have repeatedly failed to deliver any measurable economic benefits to the rest of the country. So it’s no wonder that during last night’s presidential debate, Mitt Romney didn’t want to embrace a policy of massive new tax cuts for the rich. “I will not reduce the taxes paid by high-income Americans,”…
Tag: tax cuts
Paul Ryan Promises To Lead From Behind
And we have to be able to work with Congress on those details, on how to fill it in and more to the point we don’t want to cut some backroom deal that they did with Obamacare where we hatched some plan behind the scenes and they spring it on the country. We want to…
Romney: My Magic Tax Plan Will Repeal Math
This was a vague enough plan that Romney believed he could get by without making any of the ramifications clear, except the good stuff about cutting tax rates. But the Tax Policy Center ran the numbers and found that, even if you granted Romney a series of optimistic to wildly implausible assumptions, he would have to raise…
CNN Host Dismantles Grover Norquist’s Anti-Tax Argument: ‘This Is A Wish, Not A Plan’
CNN’s Fareed Zakaria challenged Grover Norquist’s opposition to tax increases during an interview on Sunday, insisting that the anti-tax zealot’s opposition to higher taxes — gospel which the GOP has adopted — could lead to financial collapse and turn the nation into “another Greece.” “In other words, I don’t like high taxes, but the question…
House GOP Rejects Tax Cuts For Middle Class
House Republicans rejected President Obama’s week-old jobs plan, including about $240 billion in payroll tax cuts. In a memo to their caucus, Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), and other leaders dismissed the bill’s largest spending and tax cutting portions, leaving little of the bill intact. via House GOP Rejects…