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Behind Closed Doors, Romney Pushes Eliminating Tax Deductions For the Rich

Charles SWVA Wrote: Apr 16, 2012 11:33 AM
Good idea Romney, diddle with the million page tax code. There is a phrase I don't like somewhere around the 498,000th page. Please fix that first. Better, repeal the 16th Amendment. Replace the income tax with the "Fair Tax w/prebates". That treats the poor fairly by prebating the tax on necessities and wonder of wonder it gets rid of the IRS and the million page tax code. Most importantly it elimates bribing congressmen and taxes spending instead of savings. Huckabee as VP can promote that in the Senate since he would be president of the Senate.
wdwrkr Wrote: Apr 16, 2012 12:18 PM
Charles,

I agree with Fair Tax. It makes life so much simpler, and, it ELIMINATES the IRS.

Marc_h is also correct; reducing spending is more important, at this time, than tax reform.
Tinsldr2 Wrote: Apr 16, 2012 11:49 AM
What constitutional role does a President have in an amendment to the Constitution?

Now I agree eliminating the 16th is a good idea and have said so for over 20 years, but it will not happen no matter who we elect and that it is something the President does not even have a role in.

So in the meantime lowering rates and eliminating deductions is about best we can get.

It is called living in the REAL world.
Marc_H Wrote: Apr 16, 2012 11:59 AM
funny how oyu missed the most important part

CUT SPENDING FIRST
or all else means nothing
One of the biggest criticisms that Mitt Romney has received over his tax reform plan is that he proposes huge new tax cuts without a means of making up for lower government revenue. With many Republicans expressing concern over the federal deficit and mounting government debt, that could be a weakness for Romney.

In a closed-door meeting with donors yesterday, Romney floated the idea of closing a few of the biggest deductions that benefit high-income households. NBC's First Read reports:

In a speech to donors in the backyard of a private home here, the former Massachusetts governor and...