While the only tool in the GOP toolbox is taxcuts, Rmoney unveils his plan to grow the economy...

[Bozita]

FEBRUARY 22, 2012 AT 1:07 PM
Romney calls for 20% income tax cuts
BY ASSOCIATED PRESS


Mesa, Ariz.— Republican presidential hopeful Mitt Romney is calling for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow.

Under the proposal, the top personal income tax rate would fall to 28 percent, according to a summary provided by Romney's campaign.

The current maximum is 35 percent.

Romney outlined parts of his plan in a campaign appearance Wednesday in Arizona, one of two states holding a primary next Tuesday. Michigan is the other.

more...
http://www.detroitnews.com/article/20120222/POLITICS01/202220422/1361/Romney-calls-for-20--income-tax-cuts

[Enrique]

1. yet another article about massive tax cuts

with not a single word, no reference at all, to the deficit. We're supposed to be in an age of austerity, both parties are talking nonstop about the deficit, along with the press, and yet an article reports on a huge tax cut plan and doesn't even ask how much it will cost, or again, mention the notion that it would cost something.

[HopeHoops]

2. The only thing Mittens wants to grow is his off-shore bank accounts.

It's not like his dinky gets longer than 2".

[hfojvt]

3. is this proposal in addition to the tax cuts he has already proposed?

Or is he replacing them with this?

[EC]

4. And what would be his

proposed Capital Gains rate? 0%?

[Vincardog]

5. How about this mittens? You cut the tax rate and we charge FICA on EVERYTHING

The inheritance tax is 0 for the first million then increases 10% for each next million until it gets to 90% where it only increases 9% on the next million, after that it says at 99.999%.
Plus we charge a Financial transaction tax of .01% on every stock bond and future trade.
Any Derivative trade pays a .1% tax.

[Motown_Johnny]

6. Back to the rate Reagan had in his final year in office

when the economy was doing well but the debt was still exploding.


I think this is an easy one to attack. I welcome any and every chance we get to go after the Reagan Myth. His economic policies have failed and the sooner we get the majority of Americans to realize that the better off we all will be.

[sinkingfeeling]

7. And did Mitt say how much the deficit would grow under that plan?