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Response to ProSense (Reply #5)

Mon Apr 30, 2012, 12:11 PM

29. the framework is a piece of crap

the video shows her several times saying that she supports Simpson-Bowles.

Actually on my reading of it, I am not sure that the Social Security provisions are not the best part of it. It talks about "changing the bend points" and I am not sure what that means. I would need to get into more detail about how Social Security works. At first blush though, it seems to me what Simpson-Bowles proposes would be benefit cuts for the rich and the upper-middle class more than anything else. IF, and it is a big IF, that is what it means, then it is not that bad in my eyes. Not as bad as it is hyped.

However, on the revenue side, it includes the same type of crap, on Federal Income Taxes, that the Ryan plan does. And THAT. to me, is totally unacceptable. Their FRAMEWORK is "closing loopholes" and "lowering rates". That may be acceptable for corporate taxes, which are so full of loopholes that many corporations are paying zero or negative, but not for personal income taxes. My basic framework on taxres is

1. increase the rates (especially at the top that Reagan lowered from 70% to 28%)
2. increase the number of brackets (which Reagan got rid of, thereby reducing the progressivity)
3. increase the standard deduction
4. get rid of schedule A, except for catastrophic medical expenses

Lowering rates should not even be considered. It is completely and absolutely and irrevocably unacceptable. It should only happen over the dead body of the Democratic Party.

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eridani Apr 2012 OP
senseandsensibility Apr 2012 #1
Fuddnik Apr 2012 #2
eridani Apr 2012 #12
leftyohiolib Apr 2012 #37
eridani Apr 2012 #38
leftyohiolib Apr 2012 #45
a2liberal Apr 2012 #3
Leopolds Ghost Apr 2012 #4
ProSense Apr 2012 #5
eridani Apr 2012 #6
ProSense Apr 2012 #7
JNelson6563 Apr 2012 #8
ProSense Apr 2012 #9
eridani Apr 2012 #13
ProSense Apr 2012 #16
eridani Apr 2012 #39
JNelson6563 Apr 2012 #21
countryjake Apr 2012 #35
sabrina 1 May 2012 #48
freshwest May 2012 #46
countryjake Apr 2012 #36
TheKentuckian Apr 2012 #10
ProSense Apr 2012 #15
eridani Apr 2012 #11
ProSense Apr 2012 #14
uponit7771 Apr 2012 #22
LineLineReply the framework is a piece of crap
hfojvt Apr 2012 #29
eridani Apr 2012 #42
Javaman Apr 2012 #17
BumRushDaShow Apr 2012 #19
Oilwellian Apr 2012 #23
BumRushDaShow Apr 2012 #25
eridani Apr 2012 #40
sabrina 1 May 2012 #49
Oilwellian Apr 2012 #20
hfojvt Apr 2012 #30
MannyGoldstein Apr 2012 #18
JoePhilly Apr 2012 #27
MannyGoldstein Apr 2012 #28
woo me with science Apr 2012 #24
n2doc Apr 2012 #26
bvar22 Apr 2012 #31
woo me with science Apr 2012 #32
bvar22 Apr 2012 #33
woo me with science Apr 2012 #34
eridani Apr 2012 #43
Egalitarian Thug Apr 2012 #44
eridani Apr 2012 #41
just1voice May 2012 #47
sabrina 1 May 2012 #50
eridani May 2012 #51
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