Skip to main content

View Diary: GOP offers fiscal cliff 'proposal' but forgets to include any details (140 comments)

Comment Preferences

  •  Part 2 of the Grover Norquist suicide pact (11+ / 0-)

    mandates that loophole closings be coupled with rate reductions....

    http://en.wikipedia.org/...

    In the version for the U.S. House of Representatives, the signer pledges to:[5]

        ONE, oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses; and

        TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.

    The 1st Amendment gives you the right to say stupid things, the 1st Amendment doesn't guarantee a paycheck to say stupid things.

    by JML9999 on Mon Dec 03, 2012 at 12:49:57 PM PST

    •  Absurd (5+ / 0-)

      One thing that makes the GOP position so logically absurd is their stated desire to LOWER tax rates while making up for the lower rates with reduced deductions.  

      Since the Norquist pledge requires them not to raise taxes $1 by reducing deductions, why go through this charade at all?

      Even if we assume that they are being honest (they are not), why in the hell would you spend ANY significant legislative time telling someone - "Hey, dukelawguy, last year you paid $32,000 in federal taxes; this year after we are all done you will pay.....$32,000 in federal taxes.  Congrats."

      WTF?

      The only thing I can figure is this - if the rates go from 36% to 20%, the offsets won't be enough to get back to $0, or if they are then the GOP will just suggest separate bills to bring back the deductions, which everyone will support.

      •  And somehow in Republican fantasyland (4+ / 0-)
        Recommended by:
        smiley7, phonegery, JML9999, mumtaznepal

        this exercise would also magically generate hundreds of billions in new revenue. Basically they are pushing the discredited Romney/Ryan plan while continuing to adhere to their Norquist pledge and the "librul media" all agree that they are making major concessions. Meanwhile the CBO STILL can't score their proposal because it lacks any specifics. I think it's time for a prime time Presidential address to the People because we sure as hell aren't getting the truth from the %2 that make up the MSM who are willing to sell out %98 of us to protect their tax handouts.

      •  They want the rates to go to 20% and then they'll (3+ / 0-)
        Recommended by:
        smiley7, JML9999, mumtaznepal

        take up more revenue for closing loopholes.  They won't need to (and would refuse to) pass bills to do away with loopholes (thereby raising revenue) because that would be raising taxes.  See how perfectly that works?

    •  Among its absurdities-doesn't allow for GDP growth (7+ / 0-)

      You have a growing population, and a growing economy, so even if you had a net-neutral budget growth per person you would have to raise the size of the budget over time and revenue.

      This deflationary (drown government in the bathtub agenda) all-one-can-ever-do-with-taxes-is-reduce-them combination assures that government would always shrink -- which is the point -- even for the so-called "required" functions of government (like, oh, maintaining our civilization).

      Republicans: bad at math.

      Some people are intolerant, and I CAN'T STAND people like that. -- Tom Lehrer

      by TheCrank on Mon Dec 03, 2012 at 01:37:14 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site