That's exactly the three card monte that they play every time.

is the deduction for home mortgage interest. They've wanted to do that since the 80s, but St. Ronnie was finally persuaded the Republicans would be thrown out on their fat asses for decades if he pulled that one.

So yeah, they want to close one loophole. They will never, ever admit which one it is.

It's the only one working people still have.

Simply move to kooky-town, and it all makes sense!

The key to it is the phrase 'broaden the base', at the end of the 'cut rates, close loop-holes' chant. 'Broaden the base' means raise taxes on poorly paid workers, and pensioners and the disabled. This will be rendered 'revenue neutral' by decreasing what upper income people pay.

"Romney loves America like a tick loves a dog."

Trickle Down and the Bush tax cuts lowered taxes on high-income earners. They were supposed to give more money back to the wealthy so they could re-invest in America, bolstering the economy and creating jobs. It didn't work!

And the argument that cutting taxes on small businesses will prompt them to hire more is ludicrous. Small businesses aren't going to hire additional employees if their business remains stagnant. What for? So the new employee can just stand around and do nothing?

Let the tax cuts on the wealthy expire, and cut taxes on the middle class. They will buy more, increasing demand for goods and services from small business owners who will then have to hire more to meet that demand.

The GOP "arguments" for tax cuts are old and they don't work. It's time to put these canards to rest...

had a series of posts on facebook with some R friends and laid out the whole thing CLEARLY.

20% cuts across the board, will cut OUR exemptions and the top earners will see a clear cut and it still won't balance.

This is what these assholes are flat SAYING.

Someone who is CLEARLY in the 47% percent's simple reply, "you have to get your head out of the sand!"



I DO have some R friends who get it.

A buddy at the gym, a rock hard vote R because of abortion guy, was teetering on the presidential vote for the first time ever a month or so ago when we talked because he saw the disconnect and could see his deductions were no the table. He did not want to admit it, but he said he and his wife were talking about how they need to really consider their pocketbooks instead of the culture stuff.

Saw him at the gym this week, and I threw something out and he just looked and nodded at me.

I don't know if he will vote BO, but I think he can't vote Romney.

We were talking with a REAL small business owner, and I asked, "so, how does a 20 percent across the board tax cut become revenue neutral because of unspecificed deduction reductions." The small business guy, good guy, but pretty darn conservative, gasped (he was on the treadmill) about it and agreed with my point. Again, not sure he will vote BO, but I don't think he is pulling the trigger for Romney.

I think this is the soft spot with reasonable people.

But, you still are going to have 45% of the people who just can't get past whatever mortal lifelock the republican party has on them.

Business hire workers because there is more DEMAND for their product or services,
NOT because they have more capital. If they have the same demand, but more capital that extra cash flows into profit for the owners, not into jobs for the workers.

BTW, this just really leads to asset Price inflation for stocks and commodities, it doesn't help the economy at all.

The whole supply-side fiction needs to be continually debunked as a fraud. The empirical evidence of 30 years is in and it doesn't work, it just leads to financial bubbles.

according to the underpants gnomes.

I would be bragging all over town if I had that much fairy dust at my disposal.

Eternally.

Is to make people believe that you're NOT going to screw the middle class. To do that, you have to get elected first.

What would happen in practice is that the tax rates will be cut, because who doesn't fucking love to take credit for cutting taxes, but then the whole "closing the loopholes" business will get tied up in committee.

what the fucking point is?