[Vision2020] Romney Tax Plan Would Raise Taxes on 95%

[Donovan Arnold]

So how is this different than what is happening now? Capital gains is only 15%, where the rich make their money, and assuming they keep it all in the US. While the poorer working classes must pay at least 33%.
 
The reason I am not pleased with Obama is that he doing a poor job with the Department of State, the Department of Defense, the Department of Education, the Department of Health and Welfare, the Department of Veterans Affairs, the Office of Civil Rights, and the IRS. They are, simply put, a complete mess. I cringe every time I have to call or write any of these departments as I know I will be dealing with someone that probably struggled to get their GED. Obama's trains may be carrying the right domestic policies but don't run on time, and they frequently run into a ditch. The only ones that don't run into a ditch are the foreign polices which should. 
 
Donovan J. Arnold

From: Tom Hansen <thansen at moscow.com>
To: Moscow Vision 2020 <vision2020 at moscow.com> 
Sent: Wednesday, August 1, 2012 6:14 PM
Subject: [Vision2020] Romney Tax Plan Would Raise Taxes on 95%


Courtesy of the Political Wire at:

http://politicalwire.com/archives/2012/08/01/romney_tax_plan_would_raise_taxes_on_95.html
 
-----------------------------------

Romney Tax Plan Would Raise Taxes on 95%
A new Brookings Institution/Tax Policy Center study finds Mitt Romney's plan to overhaul the tax code would produce cuts for the richest 5% of Americans -- and larger bills for everybody else.

The Washington Post notes the researchers seemed "to bend over backward to be fair to the Republican presidential candidate" but "none of it helped Romney."

"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."

---------------

The Brookings Institution/Tax Policy Center Study 

http://www.brookings.edu/research/papers/2012/08/01-tax-reform-brown-gale-looney
 
-----------------------------------

Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho

"If not us, who?
If not now, when?"

- Unknown
=======================================================
List services made available by First Step Internet,
serving the communities of the Palouse since 1994.
              http://www.fsr.net/
          mailto:Vision2020 at moscow.com
=======================================================
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/vision2020/attachments/20120801/437c56c4/attachment.html>