DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - GOP Challenge to Americans: Do More with Less

**dahlilaninfo** · 11-04-2011, 04:14 PM

You liberals always tell half truths to scare the public. The truth is Ryan's plan revamps the tax code eliminating tax loop holes thus allowing a lower tax tax rate. Remember Obama's close friend GE made billions yet only paid a pitons in tax, all because of loop holes. This revamping of the existing tax code to eliminate these loop holes everyone should be in favor of. Are you not?

Oh, I'm all in favor of eliminating loopholes. But until someone has the courage to explicitly state which loopholes are to be targetted, it's all mamby-pamby rhetoric and loose talk.

The revenue loss from Ryan's tax cuts for the rich and powerful would cost almost $3 trillion over the next ten years. In order to close enough loopholes to cover that cost, you'd have to do some really serious loophole closing. For example, even completely eliminating one of the biggest deductions in the tax code, a deduction not normally considered a "loophole," the mortgage interest deduction, wouldn’t come close.

"Loopholes" are almost entirely written by and for the rich. So you believe the Republican Party is going to close their precious loopholes that they paid so much to get written into our tax code? Seriously? What planet do you live on?

Do you really think that the party that caters to big business's every whim is going to close loopholes so that General Electric's tax bill would go from zero to 25% of their profits? Please.

Ryan's plan isn't serious. It's a fraud.

11-04-2011, 04:14 PM	#21
dahlilaninfo Join Date Oct 2005 Posts 420 Senior Member	You liberals always tell half truths to scare the public. The truth is Ryan's plan revamps the tax code eliminating tax loop holes thus allowing a lower tax tax rate. Remember Obama's close friend GE made billions yet only paid a pitons in tax, all because of loop holes. This revamping of the existing tax code to eliminate these loop holes everyone should be in favor of. Are you not? Oh, I'm all in favor of eliminating loopholes. But until someone has the courage to explicitly state which loopholes are to be targetted, it's all mamby-pamby rhetoric and loose talk. The revenue loss from Ryan's tax cuts for the rich and powerful would cost almost $3 trillion over the next ten years. In order to close enough loopholes to cover that cost, you'd have to do some really serious loophole closing. For example, even completely eliminating one of the biggest deductions in the tax code, a deduction not normally considered a "loophole," the mortgage interest deduction, wouldn’t come close. "Loopholes" are almost entirely written by and for the rich. So you believe the Republican Party is going to close their precious loopholes that they paid so much to get written into our tax code? Seriously? What planet do you live on? Do you really think that the party that caters to big business's every whim is going to close loopholes so that General Electric's tax bill would go from zero to 25% of their profits? Please. Ryan's plan isn't serious. It's a fraud.
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