IF ELECTED AS PRESIDENT, DO YOU REALLY THINK THAT MITT ROMNEY WILL DELIVER A 20% TAX BREAK ACROSS-THE=BOARD?

by BIG BAD JOHN R. Posted 2012/07/23 13:31:51

Related Topics: Mitt Romney, Congress, Estate Tax, Credit, Republican, Income Tax, Treatment, Presidential Candidate, CBS news, Presidential, CBS, Candidate

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	Yes, I sure do.	0 votes	0%
	NO, No way!	11 votes	79%
	Undecided	3 votes	21%

Romney has proposed a 20% across-the-board cut to income tax rates. He also wants to scrap the Alternative Minimum Tax, eliminate the estate tax and chop the tax rate paid by corporations from 35% to 25%.

All those cuts mean the government would collect far less revenue. Romney claims his plan will make up the difference in-part by limiting deductions, exemptions and credits currently available to top-level income earners.

But he hasn't lifted the curtain on which deductions he is planning to curtail.

In April, reporters stationed outside a private fundraising event in Palm Beach, Fla. overheard the former Massachusetts governor rattle off a list of deductions that would likely be eliminated.

But a campaign official later said that the candidate was "tossing ideas out" and not "unveiling policy."

And just last month, when Romney was directly asked by CBS News to name the deductions, the candidate evaded the question, instead saying that "we'll go through that process with Congress."

The lack of detail extends even to tax breaks that Romney himself has taken advantage of -- to the tune of millions of dollars.

Romney and his campaign have, for example, given a variety of answers on what the candidate plans to do about the tax treatment of carried interest, an obscure compensation method used primarily in high-stakesfinance.

The tax break, which benefits private equity partners, continues to save the Republican presidential candidate millions of dollars in taxes after a pioneering career at Bain Capital.

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FAWKES' NOOSE ~ ΔTX 2012/07/23 13:44:52

NO, No way!

+3
A 20% Tax Break across the board would bankrupt this country. Not even Congressional Republicans are stupid enough to pass something like that. Lets not forget, Under Mitt's "Territorial Tax System," Corporations who outsource their manufacturing and services will pay ZERO taxes in the US.
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More polls by BIG BAD JOHN R.

Gloria 2012/07/23 14:55:25

NO, No way!

Liar liar pants on fire!

reply
Fallout 2012/07/23 14:12:57

NO, No way!

The IRS will owe Romney money with that kind of tax break. Did he even
pay taxes before 2010?

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Lady Whitewolf 2012/07/23 13:49:27

NO, No way!

+2
HELL NO!

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Reichstolz 2012/07/23 13:49:14

Undecided

So far the only thing government has proven is their inability to reduce spending. Since 1835 our federal government has grown in size and scope every year. Until someone is honest with the American people and relays the truth, it doesn't matter what the rhetoric is from either side. We can guarantee government will spend more tomorrow than they did today, and that is all.

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Lady Wh... to Reichstolz 2012/07/23 13:50:16

at least there we can agree!

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Reichstolz to Lady Wh... 2012/07/23 13:58:06

Yep, it doesn't matter we are broke and getting "broker". By 2014 we will no longer have the power to borrow and then we will see the entitled rise up against the teat that ran dry.

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FAWKES' NOOSE ~ ΔTX 2012/07/23 13:44:52

NO, No way!

+3
A 20% Tax Break across the board would bankrupt this country. Not even Congressional Republicans are stupid enough to pass something like that. Lets not forget, Under Mitt's "Territorial Tax System," Corporations who outsource their manufacturing and services will pay ZERO taxes in the US.

reply
Rebel Yell 2012/07/23 13:39:10

Undecided

+3
If elected, it is impossible to know what he will do. I imagine he will continue flip flopping through his term , looking out for his 1 % buddies and not much else.

Mitt is an empty Armani suit.

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Lady Wh... to Rebel Yell 2012/07/23 13:50:36

+2
SO agree

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