Richard94611 wrote:
Just finished watching Romney and Obama in the debate. Romney was much smoother than I have ever before seen him -- but still lying and trying to sell snake oil deceptively.
For instance, let's look at his statement that he won't raise taxes. One of his oft-repeated goals, he has said repeatedly in past months, is that he will achieve his financial goals "without raising taxes." He has also stated that he will achieve much of this by closing "loopholes," and one of the loopholes he intends to close is the household mortgage interest deduction.
Well, now, let's look at the math. If you are buying a house and paying $1,000/month in interest, which is a low amount here in California, that means you no longer get to deduct 12 x 1,000 from your income. Let us assume you stay within the 15% tax bracket on your earnings. Fifteen percent of $12,000 is $1,800, which is the additional amount you will have to pay on your income tax. No, Romney won't raise taxes. He will achieve the same thing by not allowing you deductions you have had for years, and effectively by making you pay more.
Romney is a snake oil salesman.
Just finished watching Romney and Obama in the deb... (
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LOL Romney kicked Obama's azz so much so that MSNBC had a meltdown.... it was really funny to watch, also saw a focus group that was made up of over 50% Obama voters who not only agreed but about 3/4 of the group said that they would be voting for Romney after the debate.... Obama got smoked.. The focus group was amazing, about 24 people who before the debate would have split for Obama after the debate Obama had only about 4 supporters left... It was a great night for Romney... It will be interesting to see the post debate polls when they come out in a few days...