New York (CNNMoney) - Tax reform.
Both presidential candidates talk about it - both say they want it. And there's a good chance that the one who wins in November will end up presiding over it.
Mittens would out source the IRS to the Caymens.
hey people we have the lowest taxes in 60 years. what is this obsession with not taxing folks. this is buying car not expecting to put gas in it. this country needs taxes to run, these repubs yap all day against taxes. yet they have jacked up the American people taxes they get, under the guise of something else.
Mittens paid 12.3% of taxes, while stashing all his wealth in cayman island, Swiss. And distributing each 5 million dollars to kids of 5, to further evade tax system. It is like Indian south PM distributed land to sons, then brought land ceiling. Every one poor lost except that guy. Shame. Obama12.
The independent Tax Policy Center scored both President Obama's & Romney's tax plans:.
Romney would grossly INCREASE deficits by $5 Trillion over the next decade while President Obama REDUCES the deficit by $2 Trillion over the same time period.
President Obama 2012...Truth matters
If the ACA is a "tax" then the 1.18B rebate the insurance companies must give back because the companies exceeded the new ACA 80/20 rule for profit over 20% must be a "tax refund".
Right, tighty righties?
Bush tax breaks may not have been the reason for the BAD economy, but they sure didn't help or reverse anything. Why do conservatives find this so hard to understand. Romney's plan will not fix anything. History does not lie.
If you want to know what course of action should we take on tax policy for the near future, look at history. Trickle Down Economics always starts of a cycle of "boom then bust" when it comes to economic growth. Tax increases have never done that. In fact, up until now tax increases have always been the mechanixm of choice to fund increased government spending to stimulate sluggish economies. That has been the policy of both Republican and Democratic US presidents.