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Re: Wednesday ramblings--You can fool some of the people!

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 04 Oct 12 7:08 PM | 109 view(s)
Boardmark this board | The Trust Matrix 		Msg. 10550 of 54959
(This msg. is a reply to 10548 by DigSpace)
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dig,

i think you are wrong. there is no deductions based methodology.

the actual plan is to lower taxes on the wealthy and presume that by magic growth gets him out of jail free.

if it doesn't. oh well. the us cannot afford its safety net.

the big plan is to undo every protection introduced since roosevelt.


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The above is a reply to the following message:
Re: Wednesday ramblings--You can fool some of the people!
By: DigSpace in ALEA
Thu, 04 Oct 12 7:04 PM 		Msg. 10548 of 54959

Lack of details should be spelled out,

e.g.,

You proposed 5 or 6 trillion dollars in tax cuts. You say you are going to close loopholes an deductions to make up the balance?

Eliminating the home mortgage interest deduction would result in est. $110m for 2012

Eliminatng health insurance premium deductions would result in est. $200b for 2012

Pension plans? $50bn, state and local? $50bn, EIC $50bn, other retirement, another $50bn

Now we are getting somewhere ... eliminate completely deductibles for health insurance, home mortgage, pension contributions, state and local and EIC ... that's about 500bn, over the course of the $5 trillion window, that about does it.

So that is the secret part I assume, home mortgage, health care, retirement, state and local, and EIC (pay to work).

So that is the plan. Sell the plan Mr Romney. It is no time for secrets.


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