In response to:

Mitt's Tax Cut Mulligan

Scrap Iron in Texas Wrote: Sep 30, 2012 3:15 PM
WodenAzzgard is STILL of the mind-set that it is strictly demand that drives the economy. And I guess he is partly right. However, no one buys what is not available. But what about the home computer? Was there a "demand" for it in 1975? No, there were a few people with drive and determination who BUILT the computer, and a few people bought them. And then better computers were built that were easier to use, and more people bought them. Sounds more like supply drove demand
For some unknown reason, Mitt Romney dialed back his tax-cut plan yesterday, the same day new reports showed incomes are dropping.

Last month, median household income fell by about $500, and since Obama became president, income is down over $4,500. But under Mitt Romney’s 20 percent tax-cut plan, if he truly believes it and follows through with it, a married couple making $70,000 a year would save over $2,000. And take-home pay for a middle-class married couple earning about $140,000 -- with their tax rate dropping to 20 percent from 25 percent -- would increase by over $7,100. Obama has no...
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