Eat the poor

Mitt Romney has figured out how to fix the country's finances - we need to give the rich guys a break and raise the taxes on the poor people, the dumb muggles who aren't smart enough to win and are keeping the rest of us down.


As the above table shows from a report by the Urban -Brookings Tax Policy Center, Romney's plan would increase revenue from people making 30k and below and lower the tax revenue from 40k and up. An average millionaire would pay $145,568 less in taxes in 2015 than they do today.

"Governor Romney would permanently extend all the 2001 and 2003 tax cuts now scheduled to expire in 2013 and continue to “patch” the alternative minimum tax, but would allow some recently enacted provisions to expire and would repeal certain tax provisions in the 2010 health reform legislation. Tax provisions in the 2009 stimulus act and subsequently extended through 2012 would expire. These include the American Opportunity tax credit for higher education, the expanded refundability of the child credit, and the expansion of the earned income tax credit (EITC). The plan would also eliminate tax on long-term capital gains, dividends, and interest income for married couples filing jointly with income under $200,000 ($100,000 for single filers and $150,000 for heads of household) and repeal the federal estate tax, while continuing the gift tax with a maximum tax rate of 35 percent.2
At the corporate level, the Romney plan would make two major changes: 1) reduce the corporate income tax rate from 35 to 25 percent and 2) make the research and experimentation credit permanent and extend for one year the full expensing of capital expenditures. It would also allow a “tax holiday” for the repatriation of corporate profits held overseas but does not specify whether repatriated earnings would face any tax (and, if so, at what rate). In the longer run, Gov. Romney would reduce the corporate rate further in conjunction with base broadening and simplification and would move the corporate tax to a territorial system.
Some people would see their taxes rise relative to the current policy baseline because of the expiration of the American Opportunity Tax Credit and expiration of the expansion of the earned income credit and the child credit enacted in 2009.
The Romney plan would reduce federal tax revenues substantially. TPC estimates that on a static basis, the Romney plan would lower federal tax liability by $600 billion in calendar year 2015 compared with current law, roughly a 16 percent cut in total projected revenue. Relative to a current policy baseline, the reduction in liability would be roughly $180 billion in calendar year 2015."

So I got a question. I'm no genius but is this really such a good time to be cutting federal revenue? And I know that the poor suck but do you really think that we can sock them for all the gelt when they are already down in the dumps? Is that sporting? Didn't we go through that tax cuts for the rich business once before, remember when we plowed through the the Clinton surplus? Isn't that how we got into this mess? Cutting tax revenue while overspending on a couple new wars? Or are we just trying to be done with that damned safety net/new deal/commie/pinko/hippie/fag take care of each other crap for once and for all?