Clinton exposes "The Big Lie" that Romney keeps saying right to the faces of the American People.

[NCLefty]

Mr. Romney says, "I'm gonna just cut taxes for the middle class. I'm not interested in rich people, they'll pay the same percentage of tax they pay now."

He thinks we're dumb...

If you cut everybody else's taxes and people in my income group pay the same percentage, we get a tax cut too!

[Lucinda]

1. Loved it.

Thanks.

[Kalidurga]

2. Thank you Professor Clinton...

I think I might have been able to pass arithmetic if you had been explaining it.

[tarheelsunc]

3. Bill could run for President right now and win 65% of the vote.

[central scrutinizer]

4. If it weren't for the 22nd amendment,

Clinton would be finishing his fifth term.

[ohheckyeah]

5. It's late, I'm tired, I'm no math genius...

can someone explain: If you cut everybody else's taxes and people in my income group pay the same percentage, we get a tax cut too!

[NCLefty]

6. When all else fails... think of it like a pie :D

If everyone's taxes PAID make up this pie and rich people pay 70%. That percentage may not be accurate but it's what my brief Google search turned up.

Then you cut the taxes to be paid for everyone who isn't rich, which means the overall pie gets smaller, but since rich people still pay a fixed percentage, 70%, that amount when calculated is now smaller, because the pie is smaller. Therefore they got a tax cut too.

That's what Rmoney always runs around saying he's going to cut taxes by 20% "but the wealthy are still going to pay the same percentage." He's being extremely misleading there and counting on people not catching the wording.

This comes from a CSM (which if anything is conservative) article:

It's all about what you are measuring. To understand what the candidates are saying, you have to listen carefully to their language. Obama is talking about tax liability. Romney is talking about tax shares.

Obama frames his argument in terms of the actual tax bill an individual pays. He says Romney has proposed major reductions in taxes for high-income households. And, based on what Romney has been willing to tell us about his plan, Obama is roughly correct. The governor has proposed to extend the 2001-2003 tax cuts, then cut rates by 20 percent across the board, eliminate taxes on investment income for those making $200,000 or less, and repeal the estate tax and the Alternative Minimum Tax.

The Tax Policy Center has found that relative to a world where all the 2001-2003-2010 tax cuts have expired, Romney would cut taxes for those in the top 1 percent by an average of about $232,000 in 2015. Excluding the benefits of making today’s tax law permanent, the top 1 percent would pay about $150,000 less, TPC figures.

Hopefully all of that is right but also makes sense to someone else. Maybe we have an expert on this topic or something with a link we like

[ohheckyeah]

7. Thanks...

that helped it make sense.

[nobunnyclue]

8. It's actually something that seemed so forced that you could tell it was a deception

Like a magician who is waving around the scarf in front of your face, the way he kept using "the same percentage of taxes", something you very rarely hear in the discussion of tax policy.

In fact, it's just absurd, because you have shifts in the number of people withing the highest income brackets and "the rest" of the taxpayers. Income tax is set with a tax rates, not a tax bill.

So, conceptually I fix the actual tax bill for the 1% at what they currently pay (not the same as what Clinton is saying), but I grow the economy -- something that has even been happening at a slow pace now and that Mitt wants us to beleive will rocket off the charts once he takes charge -- now unlesss ALL that economic growth is among the middle and low income brackets, you have increased the income but not increased the expense for the 1%. That IS a tax RATE cut for the 1%, and probably a quite dramatic one if in fact they capture the lion's share of the economic gains in a pro-business, anti-organized labor, Romney growth model.

Romney may be not as bright as the President, but believe me anyone who has worked in private equity and knows how to spin a financial report would not have made this characterization except as a deception, a screen for the analysts on the call to use when they go to market his IPO.

[NCLefty]

9. Like a magician...

... pulling women from a binder!


*yuk*yuk* :p