Friday, October 05, 2012

Yes, Mr. President, Romney did explain his tax plan

Jennifer, my guest blogger, watched the debates and is frustrated that Obama and liberal talking heads pretend to not hear a tax plan.

I don't know why anyone thinks Romney didn't explain his tax plan! But for those who missed his explanation, here are some of the key points he shared in the Wednesday night debate:

1. End many of the subsidies to the "too big to fail" companies that the current administration has propped up like the 5 largest banks (and letting the small banks who are too small to matter fail).

2. Stop the loopholes and special deals for big corporations which help them not pay taxes. GE is one example. If we close the loopholes, the big corporations will pay more even if the tax rate is lowered. He mentioned this with the gas and oil industries who get subsidies now. He mentioned cutting out subsidies to PBS.

3. End Obamacare which is costing a fortune. It has robbed such a huge amount from Medicare that doctors and nursing homes are turning away new Medicare patients because Obamacare has made the pay out so low the doctors and nursing homes can't afford to accept them. (Romney also explained how Obamacare is different that the Massachusetts health care plan.)

4. He cleared up the untruthful claims Obama has been making about adding 5 trillion to the deficit. That was never his plan.

5. He said he WOULD NOT raise taxes on anyone and in fact, the big corporations would end up paying more when the loopholes and subsidies are removed. By keeping the rates lower for all, it will allow small businesses to hire more and this will make more people who are paying taxes, which will also increase the revenue coming in

6. Repeal Dodd Frank which says banks will be penalized for making risky loans, but doesn't define what is risky so banks aren't lending for fear of being fined.

1 comment:

Anonymous said...

Murray sez:
Didn't you notice? Obama wasn't paying attention to what Romney was saying. Obama was preprogrammed to say what he said over and over again. No teleprompter to help him advance to the next subject.