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Old 10-28-2012, 11:34 AM
 
Location: Chicago
937 posts, read 930,519 times
Reputation: 531

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Would anyone like to join me in picking this apart?
I've found the fabled tax plan that Romney and his supporters boast about but never really go into full detail of the budget.
http://www.mittromney.com/sites/defa...rowth-Full.pdf
The entire first section is Obama bashing so I skipped it. Onto Willard's plan is what interests me. If Romney isn't the vaguest candidate I've ever heard... And this probably wasn't even written by him (nope, there's third person referral).
Anyway, I was hoping some of you other political folk could help me and the rest of the community here properly interpret and understand the implications and REAL outcomes of Romney's policies.
Reading so far (just started): He wants to eliminate the estate tax (something only hit by millionaires if I recall correctly). I can reason with a reform but not elimination of this. It has a 5million dollar floor today but in 2013 it goes to 1 million. Like it should be exempt of small businesses or have deductions if your net worth or income is below the asset value or certain level (In plain English please IRS)
Would anyone else join me on thoroughly picking apart the implications of Mitt Romney's planned actions?

And for extra credit entertainment purposes:
For all the details on Mitt Romney's 5 trillion dollar tax plan visit ROMNEYTAXPLAN.COM
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Old 10-28-2012, 12:47 PM
 
Location: Chicago
937 posts, read 930,519 times
Reputation: 531
"Mitt Romney will also seek to repeal Dodd-Frank and replace it with a streamlined regulatory framework"
Doesn't go into any detail further than that. Pretty sure this is code for: gonna let my congress do it.
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Old 10-28-2012, 12:50 PM
 
Location: Chicago
937 posts, read 930,519 times
Reputation: 531
"Oil is obviously one of our most crucial energy resources and the single most
important fuel for our transportation needs."
This desperately needs to change in the next 10-20 years.
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Old 10-28-2012, 01:07 PM
 
Location: Chicago
937 posts, read 930,519 times
Reputation: 531
You know, the total cost for infrastructure to accommodate oil (cars, wider roads, insurance, etc) is probably worth less than what is invested in it. I keep hearing reinforcing speak of cars which have an exponential effect on the cost of transportation as more and more people own cars... Transitioning from this for the benefit of cities would be a good thing. It's a strong structural change that America needs to adopt.
I miss Europe. Those people knew how to build villages, towns, and cities -___-
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Old 10-28-2012, 02:02 PM
 
Location: Chicago
937 posts, read 930,519 times
Reputation: 531
On page 140 it completely skips over Bush 1, 2, and Reagan...
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