Magu. How does making any cut in tax RATE, that is offset by closed tax loopholes to be revenue neutral result in a loss of revenue to the Feds? What it does is restore fairness to the tax system. It is a form of AMT for the ultra-wealthy. I love it, because it makes the zillionaires pay what they actually owe instead of using accounting tricks to weasel out of it. So, people like me, a business owner, who pay more than half our income in some form of tax, don't continue to get hammered for every extra dollar of government giveaways. The rest of the country simply won't be affected.
Here is something you can take to the bank. If Obama was re-elected and actually got his tax increase on me through congress, which he won't, it will lead to at least another 700,000 jobs lost and trillions of lost tax revenue. The reality is that if he dropped the hammer on private industry again in his horrible economy, it would start an even worse depression than he has already caused. Spending will hit the tank, and we will continue to circle the toilet. Romney explained this to Obama during the debate, but neither of you have the experience to understand.
Our current President has three jumbo jets, three identical helicopters, three limos and a house 30 times bigger than what he needs.
Our current president bails out inefficient bankrupt auto companies with taxpayer dollars so they can then invest billions of dollars building plants in china and growing jobs overseas.
Our current president has already fleeced our children out of and additional $5.2 trillion in deficit spending making us even more indebted to china, as they are the ones financing most of his debt.
Our current president has already fleeced a $1 trillion out of our children's pockets to redistribute to loser green energy companies, fake demand in cash for clunkers and 1st time home buyers, none of which led to any job creation.
And your worried about Romney, one of the most successful men in our nations history, one who overpays his taxes, donates millions to charity each year, worked his governor job for a dollar, and who Obama made look like a genius simply by reading basic economic statistics to him for 40 minutes.
You need to get of you libtard soapbox and read both sides of the ledger.