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ErikJ

(6,335 posts)
Mon Sep 10, 2012, 07:09 PM Sep 2012

Biggest 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.

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Biggest Con: Cut taxes on rich in exchange for cutting loopholes. (Original Post) ErikJ Sep 2012 OP
The only "loophole" the Republicans can be counted upon to cut Warpy Sep 2012 #1
Agree tufnel Sep 2012 #2
Mitt Romney raised taxes on middle class and poor people in Massachusetts something like 83 times. bluestate10 Sep 2012 #3
True! Not only that, but they won't be "loopholes" for the rich. They'll be deductions middle class Honeycombe8 Sep 2012 #4

Warpy

(110,913 posts)
1. The only "loophole" the Republicans can be counted upon to cut
Mon Sep 10, 2012, 07:10 PM
Sep 2012

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.

bluestate10

(10,942 posts)
3. Mitt Romney raised taxes on middle class and poor people in Massachusetts something like 83 times.
Mon Sep 10, 2012, 08:52 PM
Sep 2012

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)
4. True! Not only that, but they won't be "loopholes" for the rich. They'll be deductions middle class
Mon Sep 10, 2012, 09:05 PM
Sep 2012

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.

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