Forum Post: If you are getting tired of lugging all that money around, Romney has a plan to help you.
Posted 4 years ago on Aug. 12, 2012, 11:48 a.m. EST by factsrfun
from Phoenix, AZ
This content is user submitted and not an official statement
Here is a great funny video about Romney and his tax plan, from MoveOn.org so you know before you click:
The below is from Romney’s web site it is his plan for Taxes, you would think it was 2001 and we had a surplus again. The Bush tax cut never cut the 15% marginal rate is Romney promising to do that now? or is he just saying he will keep in place the NO cut in marginal rates that working people got under the Bush Tax Cut? It is so hard to tell with these guys sometimes:
Here’s Link where I explain how there was NO marginal tax cut for working people under Bush, in case you missed it:
America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.
• Make permanent, across-the-board 20 percent cut in marginal rates
• Maintain current tax rates on interest, dividends, and capital gains
• Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
• Eliminate the Death Tax
• Repeal the Alternative Minimum Tax (AMT)"