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In reply to the discussion: Romney’s deduction cap would touch sensitive tax breaks [View all]Cosmocat
(15,522 posts)Been saying this since they started up with this nonsense a few weeks ago.
If it is supposedly revenue neutral, THAT is their big idea to justify getting the job?
Tweaking the tax code?
This is the question that HAS to driven home to them by the feckless media dolts.
Romney started out with the cookie cutter republican bullshit of CUT THE RATES FOR THE JOB CREATORS.
When he got pinned down on how that would make the deficit worse, he did what he does, just say that he thinks people want to hear, he threw out tweaking deductions.
Being the moron he is, that opened the door to the obvious - tweaking deductions that mostly benefit the middle class to help balance the cuts to the upper income earners would shift the tax burden to the middle class (IMO, this IS where the Rs want to go with this).
Once he got called out for that, he has now gone WAY off the republican reservation to saying the middle class will get the best of the cuts (how is unknown), though he did say the other day for the middle class NOT to except much of a tax break on it.
IF that is the goal, then ...
Why not do what the president has called for twice now, and which is a LOT simpler. Let the Bush tax cuts expire for the upper 5% and extend them for the other 95%.
Why not, because that really isn't what they want.
They want to somehow win this thing, get into office and get to work in the big economy spurring tax cuts, but during the course of the work on the bill let the lunatics in the House try to "balance" it by cutting middle class deductions. It won't balance then, as you seem to know, but they get what they perversely want. Even more tax cuts for wealthy people and to screw everyone else, and somehow it will be President Obama and the evil liberal boogyman's faults.