Tag Archives: Tax Cut Magic

Tax Cut Magic

Posted on December 4, 2012 at 5:30 pm by JM Ashby

You’ve probably heard that the Republicans have “conceded ground” because they’ve opened the door to revenue, but don’t get too excited. What the Republicans have proposed is essentially the same thing Mitt Romney proposed. That is cutting enough loopholes and … Continue reading →

Posted in Economy | Tagged , , , , | 4 Comments

Tax Cut Magic

Posted on November 13, 2012 at 5:45 pm by JM Ashby

More evidence that the Republicans aren’t going to change a bit. From Senator Roy Blunt’s (R-MO) appearance on Fox News this morning BLUNT: I think, frankly, this is a great opportunity for the president to step forward, he’s just been … Continue reading →

Posted in Economy | Tagged , , , , | 18 Comments

Congressman Paul Ryan (R-Denial)

Posted on November 13, 2012 at 1:35 pm by JM Ashby

Pundits and columnists continue to entertain the fantastical idea that the Republican party is going to embark on a crusade of moderation and soul-searching, but so far there have been few signs from lawmakers that they actually intend to put … Continue reading →

Posted in Wingnuts | Tagged , , , | 14 Comments

New Romney Tax Cut Math Still Doesn’t Add Up

Posted on October 18, 2012 at 6:00 pm by JM Ashby

During Tuesday night’s debate, Romney suggested that he may cap all itemized deductions at $25,000 to pay for this $5 trillion tax cut. The Tax Policy Center ran the numbers again and — shocking no one — the math still … Continue reading →

Posted in Economy | Tagged , , , , | 1 Comment

“The Arithmetic Doesn’t Work”

Posted on October 13, 2012 at 1:30 pm by JM Ashby

A number of individuals and publicationns spoke out against the Romney-Ryan tax cut plan yesterday following Paul Ryan’s inability to provide details during the vice presidential debate, and among them was Moody’s Chief Economist Mark Zandi. via ThinkProgress ZANDI: Yeah, … Continue reading →

Posted in Economy | Tagged , , , , | 4 Comments

JCT: Repealing ALL Itemized Deductions Only Pays for 4% Tax Cut

Posted on October 12, 2012 at 4:30 pm by JM Ashby

Mitt Romney claims he intends to pay for his across-the-board 20 percent tax cut by eliminating special deductions and loopholes, but according to a study conducted by the Joint Committee on Taxation, eliminating all itemized deductions would only pay for … Continue reading →

Posted in Economy | Tagged , , , , | 1 Comment