General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBiggest Con: Cut taxes on rich in exchange for cutting loopholes.
Washington has 1000's of lobbyists and one of their main jobs is to get loopholes passed. Once they eliminate the loopholes and cut taxes on the rich those loopholes will start coming back fast and furious. But the tax cuts will remain.
Warpy
(110,913 posts)is the home mortgage interest deduction.
Face it, they're evil. They'll never cut loopholes institutions use. They'll only cut the only one we workers still have.
They won't name the loopholes because well, they aren't planning on closing any.
bluestate10
(10,942 posts)Every tax increase was couched as a fee. If a person needed the item attached to the fee, there was no avoiding the fee. The fees fell 100% on middle-class and poor people because the fees were assessed against the government offered services that those groups used or needed. Romney also seriously damaged small and medium sized businesses, driving business confidence to the lowest level in 20 years during Romney's tenure. Businesses and people were leaving Massachusetts under Romney.
Honeycombe8
(37,648 posts)rely on, like like home mortgage interest or home property taxes. That will DISPROPORTIONALY affect the middle class, since their interest and taxes is a bigger percentage of their income than for wealthy people.