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Paul Ryan Cracks Under Pressure and Admits Romney’s Tax Plan is Trickle Down
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2012 Oct 1, 10:57pm 1,994 views 6 comments
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"there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth. ...In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth."
The validity of this statement has been argued and argued. So is it really true? Can some one verify this?
"there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth. ...In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth."
The validity of this statement has been argued and argued. So is it really true? Can some one verify this?
Go to the BEA website, look at table for real GDP growth by year. Add column for top marginal tax rates by year and add that data. Go to google and search for "US marginal tax rates by year" There are plenty of sources.
You will find that average GDP growth when top marginal tax rate is greater than 50% is over 2% higher than when it is 50% and below. =averageif(tax rates, >50, gdp growth) then =averageif(tax rates,
The validity of this statement has been argued and argued. So is it really true? Can some one verify this?
You mean the validity of this has been obscured and obscured. You can read the study here and make up your own mind, but only if you're willing to consider facts and research as something that informs your opinion:
http://online.wsj.com/public/resources/documents/r42729_0917.pdf
Personally I think we just should rename the Romney/Ryan tax plan the "Wish in one hand, shit in the other" tax plan because it seems like thats what it'll take to convince people that cuts like this don't re-e-e-eally seem to be working out the way they keep being described. Except it more accurately should probably be titled the "wish into Romney & Ryan's hands, shit into you ours" tax plan...
He doesn't crack in front of Obama when he wipes the floor with him with the numbers.
HERES THAT VIDEO
msilenus
2012 Oct 2, 10:03am
The entire premise of this thread is bullshit. Politicususa.com is flat out lying about what Ryan said.
What they quote Ryan as having said (emphasis mine):
Look, we raise $1.2 trillion or so in the income tax every year. And we have about a $1 trillion every year in tax preferences. And the people who use most of those are people in the higher income brackets. And so what we’re saying is, we’re going to lower tax rates for everybody across the board by 20%, and we can pay for that without losing revenue by closing loopholes for people at the top end of the income scale. Everybody gets lower tax rates as a result. And you can keep these preferences for middle class taxpayers and have 20% lower tax rates. That means more take home pay, more economic growth. Every time we’ve done this kind of tax reform, whether it was Ronald Reagan or Tip O’Neill or Jack Kennedy, lowering tax rates creates growth and prosperity. More of a wealthy person’s income is subject to taxation because they can’t use tax shelters. And since more of their income is taxed, that allows us to lower everybody’s tax rates.
What that shit stain is saying is some kind of false, misleading, or stupid. It's hard to say which, but it's impossible to reconcile his claim with any independent analysis of the plan. But that does not constitute any kind of breakdown, nor does it have anything to do with trickle down. His argument is that the middle class won't pay more, and the rich won't pay less. There is no way to get from such bloviations to endorsing trickledown. The skidmark's rhetoric is actually progressive --unlike the plan he's describing.
Yet these asshats conclude:
Not only does Ryan let the cat out of the bag, and admit that their whole tax cut scheme is predicated on trickle down economics...
That is no less a helping of bullshit that what Ryan was shoveling. Are they running for office, or just warming up 2016?
"When pressed during a local Wisconsin interview, Paul Ryan admitted that the whole Romney tax plan is based on the trickle down theory that more tax cuts will magically bring growth and prosperity.
Here is the audio:"
http://www.politicususa.com/paul-ryan-cracks-pressure-admits-romneys-tax-plan-trickle.html
And... "Not only does Ryan let the cat out of the bag, and admit that their whole tax cut scheme is predicated on trickle down economics, but he seems to be working off of an entirely different script than Mitt Romney… Just four days ago, Romney told the Toledo Blade a completely different story about how he would pay for his tax plan..."
And of course... "A study from the Congressional Research Service -- the non-partisan research office for Congress -- shows that "there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth. ...In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth."
http://finance.yahoo.com/news/tax-cuts-rich-dont-spur-151649273.html
http://www.presstv.ir/usdetail/262199.html