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[The Technomancer]

20% cuts across the board.

Top earners won't pay less than now.

I hope Obama asks him what those deductions removal are at the top

 

[gcubed]

Indeed. "Making him do his homework" really worked.

The coal plant shutdown was epic

 

[Byakuya769]

Okay, various policy centers say bad things about Romney's plan. But his hand movements say otherwise. Down, and across.

 

[Black Mamba]

Average middle class families around 50-100k use over $40k in deductions.

So Romney picks $25k as his selling point.

Obama, come on. Nail it. And nail it to Bush.

 

[DataStream]

I have no idea what Romney is even saying

 

[Black Republican]

This is gonna end up as a Tie me thinks

 

[BrokenEchelon]

Mitt Romney has detailed a specific tax plan that provides tax cuts weighted towards millionaires and billionaires. Altogether, these tax cuts will cost about $5 trillion including interest. Here’s the math:

Lower tax rates by 20% = $2.5 trillion

Eliminating the Alternative Minimum Tax = $700 billion

Repeal of high-income payroll tax = $300 billion

Repeal the estate tax = $150 billion

Tax cut for corporations = $1.1 trillion

TOTAL: $5 trillion in tax cuts including interest

That math is clear. But when it comes to paying for these tax cuts, Romney hasn’t specified a single loophole he’d close and he’s said that taking steps that would require the wealthy to pay more—like raising their taxes on capital gains—are off the table. But even if he eliminated all other tax benefits for high-income taxpayers and enough corporate tax loopholes to pay for his plan, he’d still need to increase middle class taxes by $1 trillion to pay for his plan.

Ending all tax benefits for the wealthy = $1.7 trillion

Eliminate corporate tax benefits to offset corporate tax cut = $1.1 trillion

Eliminate enough middle class tax benefits to pay for middle class tax cut = $1 trillion

TOTAL: $4 trillion

That leaves $1 trillion that Romney must find either by increasing middle class taxes or increasing the deficit.

Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle class taxes. In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000.

Here’s the denominator: Romney indeed has a problem. No matter how Romney sets up his tax equation, it always adds up to a tax hike on the middle class.

Ok Mittens.

 

[Link Man]

Ooh, Obama addressing the poor, not just the middle class!

 

[(._.)]

LOL. Romney HATES being attacked, Obama is under his skin

Obama is coming off weak and flaccid

taxing wealthy wont change anything. there aren't remotely enough to make up for our spending. dumb to even bother arguing over regardless of your stance.

 

[giga]

This is gonna end up as a Tie me thinks

Which is good news, honestly.

 

[Dreamcaster]

Lulz Bill Maher: @billmaher: Both of them are trying to roll over Candy Crowley. And that can't be easy.

 

[Brawndo Addict]

I'm hoping he gets around to pointing out the problems with Romney's math, it's not like he had a bunch of time to come up with a nice argument or anything.

 

[HylianTom]

Nice. Droppin' that Clinton name. And now a callback to Romney on 60 Minutes.... owwch.

 

[Gray Man]

Lulz Bill Maher: @billmaher: Both of them are trying to roll over Candy Crowley. And that can't be easy.

I despise Bill Maher, that is just rude.

 

[Black Mamba]

YES. OBAMA READ MY POST. OMG

 

[giga]

Holy shit

 

[Epsilon-delta]

Lol, Obama dropping the Romney interview with 60 minutes.

 

[Link Man]

LOL, Candy.

 

[The Technomancer]

Calling him out on the specifics, beautiful

 

[markatisu]

Holy shit Obama is just killing Romney, fuck all you chicken littles before this debate

 

[Dr. Pangloss]

Oh man, the crowd just laughed. He's a clown candidate now.

 

[Keio]

Holy shit Obama is just killing Romney, fuck all you chicken littles before this debate

Bad news for Obama.

 

[ArbiterMajor]

Tears of joy!

 

[Red Blaster]

Holy shit Obama is just killing Romney, fuck all you chicken littles before this debate

Bad news for Obama

 

[Dreamcaster]

Holy shit Obama is just killing Romney, fuck all you chicken littles before this debate

You are seeing what you want to see. This is basically a draw to this point.

 

[Black Mamba]

Obama needs to mention his tax plan will raise the deficit just like Bush's.

 

[HylianTom]

Oh man, the crowd just laughed. He's a clown candidate now.

Very telling. His reputation is being set into stone. We need Obama to demonstrate it one more time in dramatic fashion, just to reinforce this image.

 

[The Librarian]

You are seeing what you want to see. This is basically a draw to this point.

Nah. Romney seems a lot more tired and small.

 

[Dreamcaster]

Crowley tossing up a softball to Bams.

 

[BrokenEchelon]

Bad news for Obama.

Tears of joy!

Bad news for Obama

 

[BuggyDClown]

Oh shit.

 

[codhand]

5 trillion HP CRITICAL!

 

[stressboy]

‏@InvisibleObama Every time @BarackObama sits down on me, we become like Voltron.

LMAO

 

[smokeandmirrors]

BRINGING OUT DA ARITHMATIC

 

[The Librarian]

FUCK YES 14%

 

[Link]

I am loving this.

 

[Frank the Great]

Don't sleep on Barry O!

 

[Red Blaster]

Crowley tossing up a softball to Bams.

Obama doesn't want to be president anymore tho amirite

 

[BrokenEchelon]

TAX RECORD, BIG BIRD AND PLANNED PARENTHOOD IN ONE SENTENCE.

Barry. Good job.

 

[Dreamcaster]

Big Bird SMH

 

[codhand]

Don't sleep on Barry O!

That comin ta me?

 

[SmokeMaxX]

lol big bird

 

[Particle Physicist]

And Biden was rude and condescending?

Ha!

 

[Brawndo Addict]

>.< Obama I am disappoint. Don't you bring that Big Bird in here.

 

[HylianTom]

"sketchy deal" ?? Nice language. Hot damn.

 

[thefro]

obama ULLLLTRA COMBO

 

[Chumly]

God dam buuuuuuurn

 

[Zabka]

Obama saved it for the rebuttal, nice

 

[StickSoldier]

My goodness, who fucking taught Obama the last 2 weeks?

 

[Gray Man]

Did I hear a punch noise?