Mitt Romney’s tax plan would purportedly add $600 billion to the federal budget deficit in 2015, according to a new study by the nonpartisan Tax Policy Center released Thursday. It’s all part of Mitt’s plan to drive America into debt, then sell it to China for a profit. The amount is slightly less than half of the $1.3 trillion that the Center calculates Gingrich’s plan would add, but it’s just not that revolutionary, for a guy (of many guys) who’s promising to change Washington irrevocably forever. Romney’s plan would, not surprisingly, most benefit the types of jerks who make millions off bankrupting companies. But he’s certainly not alone there.
Romney falls somewhere between relative nice-guy Santorum (who would apparently actually support tax breaks for families with children) and the rest of the gang. Romney’s tax breaks for the rich are not as steep as Perry, Cain and Gingrich’s plans appear to be. But Romney’s plan is certainly not “an attempt to escape the confines of the complex U.S. tax code,” writes BusinessWeek. (Cain, Perry and Huntsman have thought more outside the box on taxes…one of them of course waaay out.) In other words, MITT 9000.
The Atlantic’s Derek Thompson calls Romney’s plan simply the “Bush tax cuts on steroids,” which is about the closest you can get to not just inaugurating the status quo, but stopping time altogether. [BusinessWeek, The Atlantic]
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Mitt better learn to speak Chinese.
Oh yeah, you inspired that joke, btw.
True fact: One of the best places to learn languages is Brigham Young University. Because of all the missions they do. Probably why Huntsman is so good at it.
The down side is that most of the semester consists in learning how to say "This really isn't as nutty as it sounds" in 5000 different ways.
"No, really! Gold tablets!"
"We absolutely do not believe that about black people anymore, and we haven't since 1978."
"Why? God told some old guy in Utah that He had changed his mind. About the fact that He had made them that color as punishment for Cain's sin. He suddenly remembered that he had been thinking of some people on a different planet that he had made that color too. In this case, actually, it was not as a punishment but just totally an accident. Isn't that hilarious? Even God gets confused about His creation sometimes."
AND BONUS! You Also get magic underwear!
True fact: One of the most boring places to get laid in is Brigham Young University. Because of all the missionary they do.
Xi Nian Kuai Le! Romsman/Huntney 2012!
Too bad it's not Japanese.
They put underwear in their vending machines, and he's a square-ish robot that wears magic underwear. Seems pretty compatible, all things considered.
There's an app for that, I'm sure.
He's only going to sell off the profitable parts, and shut down the rest. It's just good business! Sure, there'll be a few million layoffs, but on the whole, he'll come out a winner.
America's GDP is 15 Trillion dollars. If Mitt Romney can swing a deal for his usual cut, he could be the world's first trillionaire.
Imagine, A TRILLIONAIRE. Don't tell me Mitt's not already thinking about that.
Will he try to sell Alaska back to Russia, or several states along the Mississippi back to France? He could show an enormous profit over the original 'book values', even more if he depreciates the assets.
China China China China. That's all I ever hear about. China China China China.
What's so great about dumb old China?
They make a great Buffet.
They made Warren Buffet?
No, Jimmy Buffet.
really? fuck you, China.
How come no one's worried that the Chinese are going to hire all of the unemployed Americans and steal them away?
I'll tell you what, if I were 30 years younger, I'd move to Shanghai tomorrow and cash in my Ameros for renmibi while the getting is still good.
Well they did invent gunpowder, and as we all know, that — and 9/11 — changed everything.
They also invented ketchup, a fun fact, when you consider their version in its original form was wholesome enough to probably qualify as a 'vegetable' above today's standards under which it's devolved.
I love their checkers. Better than Nixon's.
It's not Portlandia?
Opium dens?
Huntsman?
Their finger traps are hours of fun.
The fire drills.
Ah, the wacky hi-jinks we teens used to get into!
ummm, they OWN us?
Mitt Romney is facing his fiercest ideological opponent: himself from four years ago.
Dear Jon Stewart writers reading the comments: please assemble the archival footage toot sweet! You can probably get two shows out of Mitt vs. Mitt, at least.
Barry seems to be working back to himself from four years ago. Maybe there's hope for Mittens … NAAAAAH!!!
"Sir, you are a formidable opponent!"
Also himself from two years ago, six months ago, last Tuesday, earlier this evening, and probably next week.
Fiscally responsible my ass!
"Mitt’s plan to drive America into debt,"
Just don't let Mitt strap you to the roof of the Rambler with Seamus.
great minds…check the photo caption.
What are you doing hanging out down here with the riff raff? Have you no self-respect?
And if you have no self-respect, please email me privately.
Two positive shoutouts in a row to nounverb? I think nounverb has a new girl friend!
Hilarious Flaming!
Hmmph.
Tomorrow, we will all be roofers.
It's all good, the cage has a windscreen.
No Bain, no gain.
Dammit, I was THIS close.
Nice to see the Rethuglican contenders maintain their consistency, all of them having a "Return to the Gilded Age" plank in their platforms.
At this rate, let's just go full GOP and flat-out pay the mother-f***ing 1% to live in America, with the hope — not a commitment! — the hope that one day, maybe, pretty please, they'll be satisifed that there's no more "uncertainty" and they will maybe possibly dip into the $1.5 trillion in their "geez, I don't know" corporate cash pile and maybe hire ten people.
With $1.5 Trillion you have enough to hire literally dozens of Bank CEOs!
I'll take the Cain plan on reefer.
Mitten's plan: Off load all those free loaders! (except for his friends, of course)
Mittens reminds me of John in "Margin Call."
Ooh ooh ooh, the GOP is talking tax cuts that hike up the deficit. We must be REAL close to bombing Iran. Yay.
But I thought the Republicans were against the deficit? Oh wait, that's only the case when a Democrat is in the White House.
Once a hedge fund grifter, always a hedge fund grifter. Amazing how people fall for "got two tens for a five?" if you have a suit, an MBA and good hair.
Sure, I … WAIT A MINUTE!!!
Well, all these deficit-ballooning tax plans will certainly cause the candidates proposing them to finally shut up about how huge and unweildy the federal deficit is. That is, if one of them gets elected and runs for re-election in 2016.
You're silly! Everyone knows the deficit balloon is because of Obama. Massive unpaid tax cuts for the rich don't cause deficits, Kenyans in the White House do.
Nor does launching two wars that drag on forever; blaming that for the deficit is crazy talk. Nothing that happened between 2001 and 2009 matters for the deficit.
Oh and Obama was responsible for the bank bailout in October of 2008 somehow.
I'm trying to recall the name and party affiliation of the important politician a few years back whose exact words on this topic were, "The deficit doesn't matter." Anybody?
Darth Vader (D)
I don't know his name but he shoots friends in the face.
At least the guy who got shot had the good sense to apologize.
Wait, the guy with the hard-on eating the ice cream cone?
Yeah, whatshisname. You know, the dude with a human sized safe in his office; you know, the dude that declared open season on lawyers…
Well fine. I challenge China to a fist fight.
Wal-Mart parking lot at 7:00 p.m.
Be there!
Would that be 7:00 pm on next Thanksgiving Day? And would the fist fight be over a waffle iron?
Who sent you?
Who are you working for?
I don't know. China looks like a tough fighter with his bald head and tight black tee.
http://en.wikipedia.org/wiki/China_Mi%C3%A9ville
Trust me, you do not want to challenge Chyna to a fist fight. Big gurl will whoop your ass.
Worst COBOL program ever written for the T-Mittens 1000.
Needs more punch cards.
Dropped out of their box and put back in the wrong order.
Don't even joke about that. You're giving me PTSD flashbacks.
Look out! Core dump!
Just so long as they don't raise my taxes. I hate ain't for things I bought. It takes all the fun out of it.
From TPM:
…The Urban-Brookings Tax Policy Center crunched the numbers — part of a series of analyses the group has done of the GOP candidates’ tax proposals — and found that the plan constitutes a major tax cut for wealthy Americans. But compared to today’s rates, Romney proposes effective tax increases for people making less than $40,000….
And why not? Those freeloaders have got to start paying their fair share. ("Tie that damn dog's cage down a little tighter. Wouldn't want him falling off into the path of another car. Bastard would probably sue me…")
Psst. It's not a bug; it's a feature.
I'd like "Never Learn From Past Mistakes" for $600 Billion, Alex.
The answer is: "Fuck the poor!'
(And did you ever resolve that tingly feeling about Mr. FIT and your naughty bits?)
No, I didn't…oh, I see that was a question for MissTaken. Sorry.
Sorry, Steverino. You must answer in the form of a question.
And no, now they're even more confused after seeing Newt floating around as an astronaut. Astronauts used to be hot, now they're just big bloated whales
Sorry, your answer needs to be in the form a question. The correct response was "Who gives a fuck about the poor?"
Ha ha, you think anything the Bush administration did for the wealthy was a mistake?
Those billions in Iraq just accidentally vanished?
You people are all so hard. Why can't you be like a good Conservative and consider how hard it is to be incredibly wealthy and still have to pay some taxes even after having your taxes lowered constantly for most of the last 30 years. Why, it almost makes you want to stop eating caviar. Thank God Romney and the like have not forgotten these poor, put upon souls!
Especially when you consider how well it's working. That's why the Bush/Obama tax cuts are just not enough.
You are so right. Until the job creators are freed from all taxes and regulations, and then showered in gold by the
parasitesworkers in gratitude for whatminimum wage jobcrumbs they are allowed to keep, no one will understand the true meaning of Freedom.Thank goodness there are
multi-millionairesmen of the people like Mitt Romney to guide us to the perfection thatMammonGod wants for this great country!Santorum would of course support tax breaks for large families, it's the only thing he's got going for him.
Only available if you're not black or divorced or unmarried or both working or same-sex of course. And can prove you have never used contraception or had sex for pleasure.
I can't see how this helps him that much considering that most families are not children-makng factories like those Duggars.
All the catholics and mormans would vote for him. And some fundie jews.
Mitt's going to drive to China with America strapped to the roof of his station wagon.
Maybe Newt can use that as part of his attacks?
With America shitting all the way.
Ok, well how much money can I make if I agree to sell my country to China?
It better be a lot seein' how much I love my Country. Which is a whole lot.
So how much?
Ask not what your country can get for you – ask what you can get for your country!
You know Santorum's brilliant zzzero-zzzzero-zzzzero Plan was the turning point of his campaign. It EXPLODED into the national scene.
OK, Ricky is one of the zeros – who are the other two?
"It’s all part of Mitt’s plan to drive America into debt, then sell it to China for a profit." Haha, that's funny, cuz that's what he did at Bain Capital. Lulz!
Those vacation homes don't buy themselves, you know. Mitt's dream is to play "werkin' man" in a different state every day and still be able to sleep in his own bed every night.
Mitt later explained he wasn't quadrulping the debt. Just doubling it. Because you don't count the garage, basement, jacuzzi and wine cellar space when making the calculation.
600 Billion here and 600 Billion there! Pretty soon you're talking about a lot of money,right?
Will China let me keep my TruckNutz dangling on my Medicare fully paid Hoverround? If so, I say Ni Hao!
Heh Heh Heh. She said Cain is thinking outside the "box."
Cain and Newt have spent a significant chunk of their adult lives thinking about how to get into the box. Mittens would love to have more boxes as was ordained by the prophets, but he's making do with one for now. Santorum wishes the boxes would all go away.
http://www.youtube.com/watch?v=MVyVp0qMpOk&fe...
It's like they are trying to be more unelectable than each other. They do realize they have to pander to someone else besides fat angry old bigots, right? Or is the power of the Republican base to vote against their own self interest that strong?
I wonder what ol' Not-Romney would think if he were here.
Will he outsource the Tea Bagger Congress to Chinese 50 cents-an-hour workers too? Because that would actually be an improvement.
It's like all of them take an element of Dubya and blow it up: Mittens tax cuts Gingrich's foreign policy, Micheles' religious nuttiness, Ron's take on regulatory policy, Perry's intellect, Santorum's warm personality, Cain's deep knowledge of world politics and geography. If they came together they could be like Super Dubya! Or should they be called the injustice league?
Power Strangers?
It's like a ret@rded Voltron.
Selling the US to China will create a lot of jobs in the moving industry.
Strip it and flip it. The basic take over operating plan of the vulture capitalists at places like Bain. Lord only knows how he will do that to the US.
Dear Mitt — My country club membership just went up by ten thousand a year, so I need a tax cut. Oops, I already get to deduct that from my taxes as a business expense. Still. That new Jaguar looks nice, and I can't buy one for my mistress, Calista, without giving one to my bitch wife, too. Let's do lunch before that election thing, pal. We can both write that one off. — Thanks — the 1%.
Well, the poor better start busting their humps, that's all I got to say. Somebody's gotta pay for the rich tax breaks. Get 'er going, there, gimpy!
Palinz LIBEL!!!
He could probably get a couple billion each by selling a couple Nimitz-class aircraft carriers to the Chinese. We know they are interested, and hell, we have ten of them. Plus, they are nuclear powered, so we would be providing that technology to them as well and not have to spend so much money on counter-espionage trying to prevent them from stealing it. And he could hire Huntsman to translate all the technical manuals.
In other important Romney news, which I did send to tips earlier, but might as well share it here:
My friend spotted this picture in the Seattle Times – it looks a lot like Mitt Romney drinking a Coke Zero, which is definitely a caffeinated drink. Bad Mormon! How can we trust this man to lead the country if he can't follow his own made-up rules, etc etc!
What's with the picture of Dad Romney in the background??
GOP field is getting boring!!! Neez moar NUTZZZ!!!!
You can take the man out of the venture capital firm, but you can't take the venture capital out of the man
Venture capital firms are people, my friend.
You fuckers are lucky I'm not running for president. I'd trade the whole fucking shooting match to these Chinamen for an eight-ball, a quarter oz of good puff, and a fifth of Balvenie Doublewood.
Did you know that if you stand in front of a mirror and say "Tax Cut" three times the ghost of Ronnie Reagan will appear?
yes, and it's a re-run of "Death Valley Days"
So you say it's less than half of what's projected for Newt's crater-sized deficit dumpster. At this rate Gingrich is surpassing Mitt in more dubious categories than wrinkles under She1ly's concealer.
If I had gone just by TAGGED: SNORE, I would've thought this was about Huntsman, The Other White Mormon. But fiscal discrepancies are surely no bore; why I keep the CBPP* web page bookmarked for easy reference, though their flickr page of chart graphics more suits my attention span.
*Center for Budget Pol…..zzzzzz
Let me see if I understand this Romney twit. The good lord approves of a net worth of nearly a billion dollars, but disapproves of the consumtion of coffee and alcohol. Where else but America could you find such a fucked up "philosophy"?
It's because instead of turning water into wine, Jesus combined all the money changers at the temple and took 10% of their earnings as profit. Jesus was the Original Venture Capitalist and the Mormons are just following suit.
See now comments like this are why I have an internet-crush on you (don't tell Barb).
It'll be our little secret
Santorum's tax cuts would go to the most fertile 1%.
Wait, I thought the Japs bought the country in 1978…
No, the budget will be balanced because Romney plans to lay half of us off. And by lay off I mean kill in some weird Mormon ritual. And then the bastard will posthumously make us Mormon. Damn him! Now I'm mad.
I, for one, do not fear the socialist utopia that will arise from the ashes of the next Teapublican presidency. Bring it on Brigham Jr.
Mittens has that look like he is uncomfortable in his own skin and it hurts to smile.
Like the way Bill Kristol looks when he smiles except Kristol just shit his pants
Of course he's uncomfortable in his own skin! That peach-colored rubberized plasticine really doesn't let the cooling fans do their job well at all. You'd be uncomfortable too if your micro-channel heat sink's ambient temperature was reaching a critical level!
I'd like to pay attention to what Mr. Magic Drawers is saying, but every time I look at him I can't help remembering what he looks like posing with his four Stepford Sons in an ad I accidentally saw yesterday.
breaking- Mitt may have come in 2nd. http://livewire.talkingpointsmemo.com/
Oh, Christ! Now the Su-Preme Court will have to get involved. Maybe they'll hang a chad. I'd be happy if they'd hang a Newt, Rick, or a Mitt–by his thumbs.
Memo from DNC:
Look how bad these Republicans are. They are bad guys. Not like us. You can trust us. We wouldn't do anything wrong. We wouldn't rip you off or anything.
Now would we?
Wait until February Mitt Romeny hears about January Mitt Romney's tax plan. He'll denounce faster than you can say the Angel Moroni.
The banality of evil, indeed. Decaff evil is still evil.
I just gotta say, y'all are on FIRE the last few days. I think it has something to do with the Liz-Kirsten scissoring…
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