Romney would extend all of the Bush tax cuts, reduce all individual income tax rates by an additional 20 percent, lower the corporate rate from the current 35 percent to 25 percent, eliminate the Alternative Minimum Tax, the estate tax, Obamacare’s Medicare taxes on high-income individuals, and taxes on investment income for households under certain income levels. The former governor claims that he could recoup the lost revenue by closing unspecified “tax expenditures,” though economists predict that he would have to dramatically slash spending to pay for his tax cuts or add trillions to the national deficit."
Tuesday, September 4, 2012
Watch A Democratic Mayor Expose The Tea Party’s Deficit Hypocrisy
Watch A Democratic Mayor Expose The Tea Party’s Deficit Hypocrisy: "During an appearance on CNN’s Starting Point on Tuesday, Tea Party Express Chairwoman Amy Kremer refused to condemn the deficit increase that would result from Mitt Romney’s proposed tax cuts, suggesting that the group is more concerned about acting as a surrogate for the Republican candidate than promoting fiscal responsibility.