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Republican vice presidential candidate Rep. Paul Ryan (R-Wis.) in a Bloomberg interview broadcast Tuesday provided a bit more detail on the tax overhaul plans of GOP presidential nominee Mitt Romney.
Ryan has been under fire since a weekend appearance on Fox News Sunday in which he said he did not have time in the interview to get into the details of the plan.
Romney has proposed lowering taxes by 20 percent across the board for individuals and lowering the corporate rate to 25 percent in a deficit-neutral way that shields the middle class from net tax increases. Democrats have said the math doesn’t add up.....
“You are going to have a net tax rate reduction, a net tax liability reduction,” Ryan said when asked about those at the $150,000 level.
To accomplish this feat, Romney backs going after tax breaks “primarily” for upper-income individuals, Ryan said.
Originally posted by xuenchen
Is this making any sense ?
Originally posted by theconspirator
How does everyone get a tax cut, continue the wars, and we balance the budget?
Originally posted by Southern Guardian
What is the point of tax cuts to stimulate the economy if most Americas are deep in dept and facing rising living and health costs? What's the point of tax cuts if we have so many people finding it hard to find a job? I support tax cuts to assist those families in need, but to claim it's an instrumental part to any economic revival plan is outside of reality.