The Cellar - Obama vs Romney Debate

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Simplify the tax code by leaving all deductions in place and letting the taxpayer pick which ones to use up to a limit?

top five pct STILL WILL PAY 60% of taxes.

middle clas will get tax break

so... less revenue

leave out deductions for now, cutting taxes, NOT rates, cutting taxes "they will still pay 60% of the taxes" and "middle income will pay less taxes" equals less taxes. Now what happens to the deficit?

Quote:

Originally Posted by Happy Monkey (Post 834528)

Simplify the tax code by leaving all deductions in place and letting the taxpayer pick which ones to use up to a limit?

could be.

He's said $25k and $17k of total limit of deductions. Perhaps they have a buffet of what deductions to list them under, but this is his way of saying he's not going to take away anyone's favorite sacred cow, everyone says, look I can still deduct the thing I want to to deduct.

"I just descrbed a number adn they can put their deductions in that"

a NEAR quote from Romney.

But how does that simplify anything? You still have to calculate your deductions!

I must say that I believe the simplification of our tax code is a good thing on its face.

I think that Gordian knot can only be cut by someone who has made their peace with political suicide. And it will take a mass suicide. I do NOT know how it can realistically be done. I think it should be done.

Quote:

Originally Posted by Happy Monkey (Post 834532)

But how does that simplify anything? You still have to calculate your deductions!

well, it doesn't.

I does say you can only deduct a certain amount. I haven't personally met any of those limits in my life, but they may already exist.

What it DOES DO is shield him from anyone's objection that he's gonna take away "their" deduction which they'd "need", true or otherwise.

"Concerted effort to find binders full of women..."

Please quit condescending to women...I. just don't think you get it.

adress equality of pay for women

R--"I'm gonna make thinks getter for womey by making this economy better"

O--"I signed the Lily Ledbetter act".

Quote:

Originally Posted by BigV (Post 834522)

"Im gonna limit deductions especially at the high end.

middle income people will get a tax break.

let's pick a number, you can fill up a bucket up to say, 25K$ and pick your deduction to that limit.

NO TAXPAYER WILL PAY INTEREST ON DIVIDENDS OR INTEREST OR CAPITAL GAINS.

show of hands

how much of your income came from wages

how much of your income came from interest or dividends or capital gains.

"governor that's not true"

in response to contraception access.

four.

My income (middle-middle class) has very little coming from interest, dividends, and/or capital gains.

So @ Romney, he would fix it so I'll pay lower (middle class) taxes on little to no income.

... which is the way it is already !

crowley--let's talk about self deportation governor

romney--no, let's talk about what the president said

romney, self deportation let's people make their own choice

omg, now it's a benefit to them? wow.

and the fists fly.

romney says obama has investments in the caymans in obama's pension. just fucking wow.

romney--obama took two weeks to say libyan attack was terrorism

obama--I said it was act of terror the next day

romney--OH! make sure that is on the record candy

crowley--he did say it was an act of terror the following day

obama--can you say that a little louder candy? crowd cheers

romney--(retreating) it took the administration two weeks

(talking over each other) go to the transcript.

***

crowley fact checks romney into the boards. ouch.

Quote:

Originally Posted by BigV (Post 834545)

rose garden remarks the following day.

Quote:

By JOSH GERSTEIN |
9/27/12 10:12 AM EDT

Despite a drumbeat from the right and even independent fact-checkers that President Barack Obama has been unwilling to label as terrorism the attack on a United States diplomatic mission in Libya, the president indicated just a day after the killing of the American ambassador there that the assault was part of a series of "acts of terror" the U.S. has faced.

"No acts of terror will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for," Obama said in a Rose Garden statement on Sept. 12. "Today, we mourn four more Americans who represent the very best of the United States of America. We will not waver in our commitment to see that justice is done for this terrible act. And make no mistake, justice will be done."

Notwithstanding Obama's initial statement, Republicans have faulted him for failing to use the word "terrorism" to describe the attack, even when he was asked directly about it during an interview on Monday.