Romey says an average middle class income is $200,000 - $250,000 true or not?

[BigRedChief]

http://abcnews.go.com/blogs/politics...d-mitt-romney/

GEORGE STEPHANOPOULOS: You know Democrats are going to be wanting to get much more detail from you on how you’re going to pay for your tax cuts. We’ve heard that at the Democratic Convention. President Clinton said your math doesn’t work. I know you dispute what President Clinton said and what the Democrats that say that you’re going to have a $2,000 tax hike on middleclass families. I know you dispute that. You cite your own studies. But one of the studies you cite by Martin Feldstein at Harvard shows that to make your math work, it could work, if you eliminate the home mortgage, charity, and state and local tax deductions for everyone earning over $100,000. Is that what you propose?

MITT ROMNEY: No, that’s not what I propose. And, of course, part of my plan is to stimulate economic growth. The biggest source of getting the country to a balanced budget is not by raising taxes or by cutting spending. It’s by encouraging the growth of the economy. So my tax plan is to encourage investment in growth in America, more jobs, that means more people paying taxes. So that’s a big component of what allows us to get to a balanced budget.

GEORGE STEPHANOPOULOS: But his study, which you’ve cited, says it can only work if you take away those deductions for everyone earning more than $100,000.

MITT ROMNEY: Well, it doesn’t necessarily show the same growth that we’re anticipating. And I haven’t seen his precise study. But I can tell you that we can lower our rates–

GEORGE STEPHANOPOULOS: Well, you cited the study, though.

MITT ROMNEY: Well, I said that there are five different studies that point out that we can get to a balanced budget without raising taxes on middle income people. Let me tell you, George, the fundamentals of my tax policy are these. Number one, reduce tax burdens on middle-income people. So no one can say my plan is going to raise taxes on middle-income people, because principle number one is keep the burden down on middle-income taxpayers.

GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less. So number one, don’t reduce– or excuse me, don’t raise taxes on middle-income people, lower them. Number two, don’t reduce the share of taxes paid by the wealthiest. The top 5% will still pay the same share of taxes they pay today. That’s principle one, principle two. Principle three is create incentives for growth, make it easier for businesses to start and to add jobs. And finally, simplify the code, make it easier for people to pay their taxes than the way they have to now.

[T-post Tom]

Interesting how the 'dangling carrot' of wealth and affluence pit some folks against their own economic best interest.

[Comrade Crapski]

Originally Posted by T-post Tom

Interesting how the 'dangling carrot' of wealth and affluence pit some folks against their own economic best interest.

Now that's some funny moonbat shit, right there.

Are you seriously trying to suggest that Barry has our best interest?


“So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.” — Candidate Barack Obama, 
San Francisco Chronicle interview, 
January 17, 2008

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.” — Candidate Barack Obama, 
Same interview as above

“We’re going to have to cap the emission of greenhouse gasses. That means that power plants are going to have to adjust how they generate power … but a lot of us who can afford it are going to have to pay more per unit of electricity, and that means we’re going to have to change our light bulbs, we’re going to have to shut the lights off in our houses.” — Candidate Barack Obama, 
Iowa PBS interview, November 9, 2007