Free Site Registration


More Debits & Credits Posts

DNC Site Pokes Fun at Romney Tax Plan

Print
Email
Reprints
By Michael Cohn
October 16, 2012

A new Web site set up by the Democratic National Committee called RomneyTaxPlan.com highlights the lack of detailed information about the plan.

The site, which went live on the eve of the eagerly anticipated second debate between President Barack Obama and his Republican rival, former Massachusetts Governor Mitt Romney, says, “For a detailed explanation of how the Romney-Ryan tax plan is able to cut taxes by $5 trillion without raising taxes on the middle class or exploding the deficit, simply click the button below.” However, when users try to click on the “Get the Details” button, it quickly jumps away from the cursor and seems to avoid providing any of the promised details.

The site also pokes fun at the Romney campaign’s slogan and logo, “Romney: Believe in America” with an annotated “Romney: Believe in half of America,” a reference to Romney’s controversial comments about the 47 percent of the U.S. population that does not pay federal income taxes.

At the bottom of the Web page, the site says, “Mitt Romney has ducked and side-stepped every attempt to get the details of his plan, which sticks the middle class with the bill for $5 trillion in tax cuts favoring millionaires and billionaires. Get the facts on his plan.”

The site then links to a page on the Obama campaign Web site with an article from the so-called “Truth Team” explaining why “Romney’s tax plan adds up to a middle class tax hike.”

2 Comments

It is not too difficult to grasp Romney's plan, and yes, it is a plan, and it has merit. First, the utilization of deductions for the wealthy, say $25,000 (as an example). If you have contributions, mortgage interest, or state taxes, you can use them up to that $25,000 +/- 'bucket". The "bucket" amount would be set by bi-partisian negotiation. No mystery there, even though the idea of anything bi-partison is foreign to the Obama administration ("elections have consequences" (Obama)).

On the other hand, Obama's plan is simple. His is to raise the rates on a few taxpayers on the stated purpose of having them pay "their fair share". How much is their "fair share"?

Divide and conquer!!

Posted by: mcameron@ddccpa.com | October 19, 2012 2:40 PM

Report this Comment


It is not too difficult to grasp Romney's plan, and yes, it is a plan, and it has merit. First, the utilization of deductions for the wealthy, say $25,000 (as an example). If you have contributions, mortgage interest, or state taxes, you can use them up to that $25,000 +/- 'bucket". The "bucket" amount would be set by bi-partisian negotiation. No mystery there, even though the idea of anything bi-partison is foreign to the Obama administration ("elections have consequences" (Obama)).

On the other hand, Obama's plan is simple. His is to raise the rates on a few taxpayers on the stated purpose of having them pay "their fair share". How much is their "fair share"?

Divide and conquer!!

Posted by: mcameron@ddccpa.com | October 19, 2012 2:40 PM

Report this Comment

Add Your Comments...

Already Registered?

If you have already registered to Debits & Credits, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.


Follow Accounting Today
Advertisement


Advertisement
Advertisement
Advertisement