Romney, Ryan Refuse To Identify Tax Loopholes They’d Close
Pressed for one specific example, Romney replied, “Well, the specifics are these which is those principles I described are the heart of my policy.”
A large chunk of the over $1 trillion in annual federal tax credits and deductions — including for home mortgage interest and employer-based health care — benefit middle class Americans. Other perks, like preferential tax treatment of capital gains and dividends, are strongly supported by Republicans, including Romney.
“Mitt Romney and I, based on our experience, think the best way to do this is to show the framework, show the outlines of these plans, and then to work with Congress to do this. That’s how you get things done,” he said.
Pressed repeatedly on “Meet The Press” how he would make the numbers add up, Romney didn’t take the bait, instead saying voters should trust him.
“I’ve had the experience of being a governor,” he said. “I’ve demonstrated that I have the capacity to balance budgets.”
As Bill Maher said (of Ryan) :
“He’s not an intellectual. They said the same thing about Newt Gingrich. Somehow Newt Gingrich and Paul Ryan — these giant intellectuals — somehow they had the same great idea: Give more money to the rich people. What’s his big idea? Rich people should stop paying taxes and poor people should start looking for food in the woods. Can you name one area where he and Sarah Palin disagree on anything? So how come he’s this giant intellectual? The Ryan budget is a budget in the way that my doodle on a cocktail napkin is a blueprint for NASA.”
How a person manages their own finances reflects on how they would manage the finances of our country. They tell you what a candidate stands to gain, and lose, from a variety of policies — like changes to our tax code. They tell you about a person’s ethics, their priorities, and their commitment to transparency.
[Romney’s] 2010 release raises more questions than it answers:
Why did Romney keep millions of dollars in a Swiss bank account? Why does he have a shell corporation in Bermuda? As voters, we shouldn’t just be curious. We should be outraged about this. Because you know that as Romney vetted his new running mate, Paul Ryan, he asked for several full years of disclosure on his financial history. And when you play by two sets of rules before you even make it into office, it doesn’t bode well for what’s to come.
–Jim Messina, Obama campaign manager
In every instance President Obama offers lower taxes for the poorest citizens, while the GOP offers lower taxes on the richest among us.
Meaning unless you are a billionaire, the president’s plan is more favorable than Romney’s.We survived Bush. You will survive Obama. ]