Originally Posted by aturnis
So maybe someone here can explain how Mitt Plans to lower taxes rates for the upper and middle classes by 20%, and not burden the middle class WOULDN'T wind up in some ridiculous addition to the deficit.
Does it need to be drawn out in crayon for you and Obama? He clearly said you remove some of the deductions available. Even though your income puts you in a 30% tax bracket, doesn't mean you pay 30%. Your effective rate is much lower due to deductions and write offs. You wouldn't be lowering how much taxes you actually pay by lowering the rate if you remove the deductions.
Look at history and what has happened when taxes have been lowered. The economy grows and revenues grows as a result.