A Place for All Conservatives to Speak Their Mind.
When asked at a town hall in Clinton Iowa how the Romney administration would lower the debt without raising taxes, Paul Ryan stated "When a wealthier person can shelter money from being taxed that means everybody pays higher tax rates.But, if you subject more of their income to taxation , more of their income is taxed and that allows us to lower revenues for everybody across the board".WTF?, and that isn't raising taxes on the wealthy? Maybe he needs to go back to school. It does not matter if you increase a tax rate or eliminate tax deductions and tax shelters, the net effect is higher taxes.“Now our plan says this,” Ryan said. “Lower tax rates across the board by 20 percent. How do you do that without losing revenues? By closing loopholes. We have about a trillion dollars a year of foregone revenues through all the various different loopholes and deductions, and what we’re saying is, the wealthier people who use a lot of these deductions, close their loopholes. So when a wealthier person can shelter money from being taxed, that means everybody pays higher tax rates. But if you subject more of their income to taxation, more of their income is taxed, and that allows us to lower revenues for everybody across the board. That means middle class taxpayers have lower tax rates and there’s plenty of fiscal room to keep these important preferences for middle class taxpayers like you know charitable donations, or buying a home, or healthcare.”http://abcnews.go.com/blogs/politics/2012/10/paul-ryan-gets-asked-for-more-specifics-but-this-time-by-a-voter/The sad part is people are buying the campaign rhetoric that the republicans would NOT raise taxes. It's double speak and rather transparent at that.
Post a Comment