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(Think Progress)   Reporter: What tax loopholes would Mitt Romney close? Romney adviser: Growing the economy Reporter: That's not a tax loophole. Adviser: ...um, energy independence?   (thinkprogress.org) divider line 135
    More: Fail, Mitt Romney, foreign oil, loopholes  
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3683 clicks; posted to Politics » on 10 Sep 2012 at 5:33 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-10 02:13:23 PM
so Mitt is against growing the economy and energy independence? run the ad guys!!!
 
2012-09-10 02:22:05 PM
If they lose, all we'll here from these nimrods is how terrible it was and how they obviously knew they were spewing bullshiat, and GOP supporters will all say "well we didn't want him anyway/he wasn't a real conservative" . . . as they do each election.
 
2012-09-10 02:25:41 PM
ROMNEY/RYAN 2012
WE GOT NOTHIN'
NOW WITH 50% MORE NOTHIN'
 
2012-09-10 02:27:08 PM

I Said: If they lose, all we'll here from these nimrods is how terrible it was and how they obviously knew they were spewing bullshiat, and GOP supporters will all say "well we didn't want him anyway/he wasn't a real conservative" . . . as they do each election.


I can't wait to hear how Ryan is too liberal.
 
2012-09-10 02:48:28 PM
Romney claimed on MtP that closing these loopholes on upper income taxpayers would not only pay for the tax cuts he's proposing, but would also balance the budget by the end of his second term.

David Gregory asked him 3 times what loopholes he was referring to, and of course got no answer. This ought to be every question Romney gets from now until election day, because that is some goddamn wizardry if closing tax loopholes will permit him to cut taxes on the wealthy, increase military spending and balance the budget within 8 years.
 
2012-09-10 02:50:47 PM

Aarontology: I Said: If they lose, all we'll here from these nimrods is how terrible it was and how they obviously knew they were spewing bullshiat, and GOP supporters will all say "well we didn't want him anyway/he wasn't a real conservative" . . . as they do each election.

I can't wait to hear how Ryan is too liberal.


Amusingly the right thought the Ryan pick would make Romney more suitable for them and give him conservative street cred.

But really Romney is ruining Ryan's future, making him waffle on his core beliefs and walk back past decisions and policy positions.
 
2012-09-10 02:53:11 PM
Reminds me of McCain. "We know where Osama is and if elected we'll get him."

Or the "We will pay for everyone's underwater mortgage" line he desperately used in one of the debates.
 
2012-09-10 02:56:24 PM

gilgigamesh: This ought to be every question Romney gets from now until election day, because that is some goddamn wizardry if closing tax loopholes will permit him to cut taxes on the wealthy, increase military spending and balance the budget within 8 years.


1. Cut taxes.
2. ???
3. Profit. (for the wealthy)
 
2012-09-10 02:59:27 PM
Bold!

Substance!
 
2012-09-10 03:27:09 PM
Trust Mitt Romney, for he is an honorable man.
 
2012-09-10 03:30:09 PM
Is this same woman who said that the steel worker's wife would probably still be alive if she lives in Massachusetts?
 
2012-09-10 03:34:27 PM

gilgigamesh: Romney claimed on MtP that closing these loopholes on upper income taxpayers would not only pay for the tax cuts he's proposing, but would also balance the budget by the end of his second term.

David Gregory asked him 3 times what loopholes he was referring to, and of course got no answer. This ought to be every question Romney gets from now until election day, because that is some goddamn wizardry if closing tax loopholes will permit him to cut taxes on the wealthy, increase military spending and balance the budget within 8 years.


They don't call them magic underpants for nothing, you know.
 
2012-09-10 03:40:34 PM

Flab: gilgigamesh: Romney claimed on MtP that closing these loopholes on upper income taxpayers would not only pay for the tax cuts he's proposing, but would also balance the budget by the end of his second term.

David Gregory asked him 3 times what loopholes he was referring to, and of course got no answer. This ought to be every question Romney gets from now until election day, because that is some goddamn wizardry if closing tax loopholes will permit him to cut taxes on the wealthy, increase military spending and balance the budget within 8 years.

They don't call them magic underpants for nothing, you know.


ROMNEY/MAGIC UNDERWEAR 2012
 
2012-09-10 03:57:16 PM

mrshowrules: Is this same woman who said that the steel worker's wife would probably still be alive if she lives in Massachusetts?


That was Andrea Saul.
This is Tara Wall.
 
2012-09-10 03:57:39 PM
2 years ago, Congress tries to push through free healthcare for 9/11 first responders, paying for the plan by closing tax loopholes. GOP filibustered and threatened to quash it completely unless it was funded by spending cuts instead.

Now they're all about closing tax loopholes? Hypocritical farks, all of them.
 
2012-09-10 03:59:43 PM

DamnYankees: Trust Mitt Romney, for he is an honorable man.


www.crushi.com
 
2012-09-10 03:59:53 PM
All my money is in the Cayman islands, Bermuda and Switzerland.
 
2012-09-10 04:00:37 PM

Nina_Hartley's_Ass: mrshowrules: Is this same woman who said that the steel worker's wife would probably still be alive if she lives in Massachusetts?

That was Andrea Saul.
This is Tara Wall.


Wow! They have a similar shtick. Were they hired from day-labour agency as the same staffer who came up with the Etch-o-Sketch metaphor?
 
2012-09-10 04:02:57 PM
Knowing Romney it will probably be the capital gains protections people have for selling a primary residence.
 
2012-09-10 04:10:52 PM
Not really related, but just so everyone is aware of things that annoy me..."Grow the economy" annoys me.

Grow to where? Grow to what? Finite planet, finite resources. America needs to concentrate on how to be sustainable, not growing.
 
2012-09-10 04:11:02 PM
farm6.staticflickr.com
 
2012-09-10 04:13:13 PM

MayoSlather: Not really related, but just so everyone is aware of things that annoy me..."Grow the economy" annoys me.

Grow to where? Grow to what? Finite planet, finite resources. America needs to concentrate on how to be sustainable, not growing.


This reasonable approach to things will take a while to sink in for a lot of people. Sadly I'll probably be old and senile when it happens.

/not old
//yet
 
2012-09-10 04:23:36 PM

gilgigamesh: Romney claimed on MtP that closing these loopholes on upper income taxpayers would not only pay for the tax cuts he's proposing, but would also balance the budget by the end of his second term.

David Gregory asked him 3 times what loopholes he was referring to, and of course got no answer. This ought to be every question Romney gets from now until election day, because that is some goddamn wizardry if closing tax loopholes will permit him to cut taxes on the wealthy, increase military spending and balance the budget within 8 years.


Technically speaking, there actually is a way for Mitt Romney to only close non-investment loopholes on the rich and keep his tax reform plan revenue-neutral. The catch is that income inequality would have to explode to nearly South African levels to do it.
 
2012-09-10 04:25:10 PM

gilgigamesh: This ought to be every question Romney gets from now until election day


No, no, we can't drop "Where the fu*k are your tax returns?"
 
2012-09-10 04:27:31 PM
This is what happens when a candidate (or, more often than not, a candidate's spouse) comes storming into the office bleating something like "Obama got on that Twatter thing and talked to the people! We need us some of that! Now! Hack into the computers and make it happen!" and the candidate is utterly unprepared for what is to come.
 
2012-09-10 04:31:59 PM
child care credit, earned income tax credit, and child tax credit. You know, those luxury credits that single parents have been getting rich off of for years.
 
2012-09-10 04:33:25 PM
 
2012-09-10 04:34:05 PM

TenaciousP: child care credit, earned income tax credit, and child tax credit. You know, those luxury credits that single parents have been getting rich off of for years.


mortgage deduction.
 
vpb [TotalFark]
2012-09-10 04:39:17 PM
It's not any different that the promises to cut spending but not being able to say what would be cut.

It's the same thing we have had since 1980.
 
2012-09-10 04:39:47 PM
WALL: Well, again, the campaign has laid out a number of specifics relative to the principles that will guide the policies of a Romney-Ryan ticket.

WTF does that even mean?

There are no specifics about the tax loopholes. Here's tax policy, from Mitt Romney's website (I am cherrypicking but trust me, the whole thing is out there):


However, the reality is that before President Obama exploded the size of the federal government (LIE, see "Bush years"), our
existing tax rates were more or less adequate to pay for the government we needed. (LIE, see "Bush years")

To make the case for a permanently expanded government, President Obama has laced his speeches with inflammatory rhetoric. (OK this says nothing about your policy, just an attack on Obama...)

OK the specifics, here we go:

"Maintain Low Marginal Rates"
If anything, the lower rates established by President Bush should be regarded as a directional marker on the road to more fundamental reform.

No concrete proposal, but you probably mean even lower marginal rates. Got it.

"Further Reduce Taxes on Savings and Investment"
Romney will seek to eliminate taxation on capital gains, dividends, and interest for any taxpayer with an adjusted gross income of under $200,000.

Good. Concrete proposal. No taxes at all. So...more deficits. Go on.

"Eliminate the Death Tax"
As president, Mitt Romney will work to eliminate the tax permanently. All told, the negative effects on savings, investment,
and job creation show how pernicious an estate tax can be.

Yes, very pernicious. So damn pernicious, that inheritance tax. It's almost like the US of A was designed to give everyone a fair shot and not just continue a cycle of the rich getting richer. And hey, more deficits. Please, do continue.

"Long-Term Goal: Pursue a Fairer, Flatter, Simpler Tax Structure"
In the long run, Mitt Romney will pursue a conservative overhaul of the tax system that includes lower and flatter rates on a broader tax base. The approach taken by the Bowles-Simpson Commission is a good starting point for the discussion.


No concrete proposals, fluff based on a commission that your own running mate voted against. But still lower taxes. Oh dear.

"THE CORPORATE TAX SYSTEM" - "Lower the Corporate Tax Rate" - well no shiat.
The truth is, as Mitt Romney likes to say, "corporations are people."

No they aren't.

As president, Romney will press for an immediate reduction of the corporate tax rate from 35 to 25 percent.

There you have it.

There was some other stuff about how the OECD has a different tax structure. It's worth reading. Btw, the reason the OECD supports higher corporate taxes is because those countries pursue a much higher consumption tax. The US share of GDP is taxed at one of the lowest OECD rates in the world, 9% below the OECD average.

So Romney's proposal to fix the deficit involves basically lower taxes across the board. The truth is that lower taxes will not even come close to reducing the deficit over the next ten years unless you massively cut spending, which you cannot do in an economic downturn.

Romney's tax plan is light on actual proposals and heavy on generalization, with a lot of ideas that will do nothing to solve the debt crisis. As close as he gets to loopholes is this:

"Every American would be readily able to ascertain what they owed and why they owed it, and many forms of unproductive tax gamesmanship would be brought to an end."

Your presumptive next president, folks.
 
2012-09-10 04:45:15 PM

vpb: It's not any different that the promises to cut spending but not being able to say what would be cut.

It's the same thing we have had since 1980.


There's this giant pile of money just being wasted every year in our federal expenditures. No one can point it out, but everybody knows it's there. So all we have to do is just stop wasting that giant pile of money, and we'll have a balanced budget. It's kinda like financial bigfoot.
 
2012-09-10 04:46:08 PM

brigid_fitch: 2 years ago, Congress tries to push through free healthcare for 9/11 first responders, paying for the plan by closing tax loopholes. GOP filibustered and threatened to quash it completely unless it was funded by spending cuts instead.

Now they're all about closing tax loopholes? Hypocritical farks, all of them.


Their policies haven't changed. By not getting specific, Romney can avoid an actual platform and avoid displeasing The Grover.
 
2012-09-10 04:48:00 PM
Wow. He even talks like Palin.

The GOP is bound and determined to put a farking retarded person in the white house.
And by retarded person, I mean someone with 0 social skills and a minimal IQ.

This is why they hate education. Because words that are hard to figure out give their constituants deer in the headlights eyes, and make them think they are smart.

Idiocracy, here we come
 
2012-09-10 05:22:01 PM
The fundamental problem with today's GOP is that they refuse to compromise with any position that is not in line with their extremely conservative policies. They embrace radically conservative ideas that are toxic to the rest of the country, so they simply refuse to talk about it. They want no abortions in cases of rape and incest, but refuse to say it out loud because it's toxic with women. Romney wants Ryan's detail-oriented conservatism, but refuses to actually talk about his budget because it's toxic to independents. He wants tax cuts for the rich, but refuses to say how they will work because it's toxic to reality. He wants to repeal Obamacare, but refuses to say how he will fix health care because any alternate plan is toxic with his base.
 
2012-09-10 05:36:36 PM
Just more gotcha journalism from the lamestream media. They'll be asking him what he reads soon enough.
 
2012-09-10 05:36:47 PM
Time to shake the etch-a-sketch again - ROMNEY REBOOT!
 
2012-09-10 05:36:49 PM
Its days like this where I ponder what I'm going to have with my popcorn during the debates that I won't choke on.
 
2012-09-10 05:37:21 PM

Hobodeluxe: Paul Ryan: "I reject your reality and substitute my own."


FTL:
"So, you voted for defense cuts, and now you're criticizing the president for those same defense cuts that you voted for and called a victory," O'Donnell said.

"The goal was never that these defense cuts actually occur," Ryan responded. He said that he supported a sequestration measure, which would have triggered automatic cuts if the supercommittee did not reach a deal. O'Donnell said that the act also contained $1 trillion in immediate cuts, including the defense cuts.


Kaboom! Hey Team GOP, these are your leaders.

I am glad to see the media is getting more confident in challenging them. Good. We need this.
 
2012-09-10 05:38:28 PM
 
2012-09-10 05:40:42 PM
Brave brave Sir Romney bravely ran away
Bravely ran away, away
 
2012-09-10 05:41:41 PM
www.washingtonpost.com

I said close poop holes! POOP HOLES. America is tired of Fart and his fartery.


Srsly though, maybe start by axing the dancing horse tax credit.
 
2012-09-10 05:41:56 PM
Romney bot froze. Remove his cartridge and rub it vigorously on the carpet.
 
2012-09-10 05:42:25 PM
"What loopholes will you close?"

"the n*gger clause"
 
2012-09-10 05:42:47 PM
Remember, it's "North American" energy independence. Romney's increases in military spending will go to conquering Canada and Mexico.
 
2012-09-10 05:44:04 PM
How fast did the Republicans pay Anonymous the million bucks to make those records go away?

Because I can't imagine how they haven't been hacked and made public otherwise.
 
2012-09-10 05:44:55 PM

LarryDan43: Romney bot froze. Remove his cartridge and rub it vigorously on the carpet.


No, you're supposed to blow on it. If that doesn't work, get a q-tip with some alcohol and lightly rub the contacts.
 
2012-09-10 05:45:13 PM

Lando Lincoln: vpb: It's not any different that the promises to cut spending but not being able to say what would be cut.

It's the same thing we have had since 1980.

There's this giant pile of money just being wasted every year in our federal expenditures. No one can point it out, but everybody knows it's there. So all we have to do is just stop wasting that giant pile of money, and we'll have a balanced budget. It's kinda like financial bigfoot.


It's called the Bush tax cuts. It costs hundreds of billions of dollars to disproportionately enrich a privileged few and it has done fark all to create new jobs. Our economy grew like weeds without the tax cuts. It's time for them to go.

Oh, and get rid of the capital gains discount. No one in this economy needs a gigantic extra incentive to make their living by sitting on their ass.
 
2012-09-10 05:45:26 PM

I Said: If they lose, all we'll here from these nimrods is how terrible it was and how they obviously knew they were spewing bullshiat, and GOP supporters will all say "well we didn't want him anyway/he wasn't a real conservative" . . . as they do each election.


Exactly. I have conservative friends who always vote for these guys who get elected campaigning "I will remove government waste and fraud", they get elected over and over again and it's like "Well when are they going to get rid of this 'fraud' and 'waste'" they keep getting elected on?

I really don't think they even believe it. it's more just code words for their team.
 
2012-09-10 05:47:56 PM

foo monkey: Remember, it's "North American" energy independence. Romney's increases in military spending will go to conquering Canada and Mexico.


imokwiththis.jpg
 
2012-09-10 05:48:17 PM
That was a "senior" Romney advisor, btw

they must really think the average American is stupider than they actually are
 
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