Newt Gingrich's 'mind boggling' tax plan
December 12th, 2011
05:14 PM ET
11 years ago

Newt Gingrich's 'mind boggling' tax plan

New York (CNNMoney) - Every Republican presidential hopeful has a plan to cut taxes.

But one candidate's plan has been described as so aggressive that it would blow a hole in the federal budget, lead to huge deficits and give the richest Americans a gigantic tax break.

That candidate is current frontrunner Newt Gingrich.


Filed under: 2012 • Newt Gingrich • Taxes
soundoff (13 Responses)
  1. Keith in Austin

    Absurd! Obama's Tax and Spend lunacy has already led to what you describe as; "a major hole in the Federal budget" you dimwit! CUT SPENDING by replacing Liberal Democrats in Congress and The W.H. Then watch how our Economy will soar!

    December 12, 2011 05:25 pm at 5:25 pm |
  2. Democrats answer to everything, TAX THE RICH, TAX BUSINESS

    > The Gingrich plan would create a gap of $1.3 trillion in just a single year.
    >"This plan means big deficits," Williams said. "Or huge forced spending cuts. Or both."

    Ahhh.... isn't that EXACTLY what Obama is giving us NOW??!! Never heard anybody call it "mind boggling"!!

    But lowering the corporate rates will bring all that overseas corporate cash BACK HERE. The fact is that people or corporations RUSH to pay taxes to the lowest place.

    Libtards will never get it. Math dropouts for sure. It isn't about the rate if the pie is huge! Would you rather have 50% of $1 Billion OR 10% of a TRILLION???

    December 12, 2011 05:26 pm at 5:26 pm |
  3. Rudy NYC

    The truth comes out. Republicans are deficit creators not deficit hawks.

    December 12, 2011 05:26 pm at 5:26 pm |
  4. Sniffit

    Oh brother. Is it sinking in yet Amurika? Really? No? Go back to sleep then...the world will be so much simpler and less frightening when you wake up as a third world laborer.

    December 12, 2011 05:32 pm at 5:32 pm |
  5. Theo

    And Ron Paul is crazy!? Right. Great work sheeple.

    December 12, 2011 05:44 pm at 5:44 pm |
  6. Sniffit

    "It isn't about the rate if the pie is huge! Would you rather have 50% of $1 Billion OR 10% of a TRILLION???"

    Do you not understand inflation?

    December 12, 2011 05:47 pm at 5:47 pm |
  7. Woman In California

    Let's lighten up on old Newt. The more he talks and puts himself out there the more I think President Obama is getting a second term. Thanks Newt.

    December 12, 2011 05:49 pm at 5:49 pm |
  8. max

    Boy he's got a big gut....a big gut for a glutton

    December 12, 2011 05:51 pm at 5:51 pm |
  9. GI Joe

    If you think it's bad now, put a republican in the White House .................................

    December 12, 2011 05:52 pm at 5:52 pm |
  10. Namejkane

    Don't worry , he's not getting elected!!!

    December 12, 2011 05:55 pm at 5:55 pm |
  11. Positive

    Seriously, don't vote for Republicans – any of them. Their economic policies are disasterous!

    December 12, 2011 05:55 pm at 5:55 pm |
  12. Al-NY,NY

    ah yes. The old "trickle down" "voodoo economics" of the GOP. What a joke. I hope the T-B and the rest eat it up like the mindless sheep they are and nominate the philanderer as their candidate. It would be an epic landslide reelection for Obama.

    December 12, 2011 06:07 pm at 6:07 pm |
  13. Rudy NYC

    Regulations protect those who are not able to protect themselves. Conservatives complain about regulations as job killers, when in fact the exact opposite is true. Most regulations create a negligible mark on the bottom line. Most regulations create jobs within companies for people to oversee those regulations, and companies that create products that support those regulations.

    December 12, 2011 06:07 pm at 6:07 pm |