Romney's hidden tax plan

  • Article by: EDITORIAL , Washington Post
  • Updated: August 28, 2012 - 8:43 PM

He's still vague about closing the budget gap.

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cstoney48Aug. 28, 12 9:02 PM

The Willard true believers--13% (if that is what he really paid--minus tax havens) is much too high. After all, the wealthy have too little and the poor too much! When the 1% gets even more, they can create even fewer jobs. Ten years after Bush tax cuts, where are the jobs? Where are they??? Its called wealth management.

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pumiceAug. 28, 12 9:16 PM

From the article: "Unfortunately, there is no way to broaden the individual income tax base without going after the biggest tax deductions and preferences... employer-provided health insurance, mortgage interest, charitable deductions, and state and local income tax payments." Anything as long as millionaires and billionaires not pay one dime more! Anything as long as Big Business not give up one loophole! Anything as long as trillions of dollars can remain safely sheltered off-shore in the Cayman Islands and Switzerland! Anything as long as Big Corporations continue to profit--even if it's at the expense of American workers who are unemployed, underemployed, or uncounted because they have stopped looking for work.

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endothermAug. 28, 12 9:39 PM

Exactly! There are not enough tax loopholes that can be closed to cover the expense of Romney's proposed tax cut for the rich. The math just doesn't add up. This means that he will either increase the debt by a massive amount or he will have to cut tax breaks that help the middle class. Maybe he can tax our employer provided health care? Maybe we can count as our insurance as income in Mitt's system and pay a tax on it--no doubt much higher than the small 13% Romney pays. Wouldn't that be great!

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wallyworldmnAug. 29, 12 2:29 AM

What did anyone expect? I'm conservative but I don't trust a single thing coming out of the GOP these days. The GOP has sold it's soul to the extremist tea partiers and wall street greed. What an odd combination. Come November 2012, if we get a Congress that is split like it is now, nothing will change. It won't matter who is President. The next four years will be no different if we continue to elect extremists from both parties. The new motto of politics is, "If I can't have everything my way, then nobody gets anything". Welcome to the "new dark ages".

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texas_technomanAug. 29, 12 5:32 AM

The GOP's plan is to "Starve the Beast"....you cut taxes....revenue remains flat....you now have to go after spending cuts. The only "trickle down" that will happen is that you will see less revenue flowing back to the states and cities....resulting in either more spending cuts there, or raises in local taxes. Common strategy...make the local's the bad guy. But then, if the GOP doesn't take the Senate....none of this happens....4 more years of doing nothing but naming post offices in the house.

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drichmnAug. 29, 12 9:38 AM

Romney's tax plan isn't hidden. His budget is clear as identified by the Tax Policy Center that he called an unbiased source during the primaries. He will cut taxes on the rich and corporations (because corporations are people, my friend) while increasing taxes for the rest of us. It's what Republican's always do. And they drive up the deficit when they do it because deficits don't matter if there's a Republican president.

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jpcooperAug. 29, 1210:02 AM

Washington Post where was your Editorial on Obamas hidden taxes in Obamacare? Where is you Editorial on the Obama Tax plan? You can fix the country with an additional tax on the 1% which would bring in $70B per year!

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chavistaAug. 29, 1210:21 AM

jpcooper, would you be so kind as to give us a list of these hidden taxes in Obamacare?

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lostinstpaulAug. 29, 1211:09 AM

""jpcooper, would you be so kind as to give us a list of these hidden taxes in Obamacare? chavista: @ @ @ Wow, talk about a mis informed individual!!!! The Supreme court ruled Obamacare=a Tax. Is that enough, or do you need more spoonfed information

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jsmart05Aug. 29, 1211:55 AM

"His easy answer is he would "broaden the base" of taxable revenue. This sounds easy -- plug an oil company loophole here, shut down a hedge fund dodge there."------Wellllll, it won't work. Obama has tried to shut down a hedge fund dodge and Congress will have nothing to do with it. Besides, Romney was partaking in the hedge fund dodge himeself.....I doubt he would even try to bite the hand that fed him...and fed him well.

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