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Updated: Comparison of Tax Plans for 2012 Presidential Candidates
ATR ^ | 2012-01-09 | Ryan Ellis

Posted on 01/09/2012 9:52:01 AM PST by 92nina

Confused about the proposed tax reform from each of the presidential candidates? Be confused no more. ATR has compiled a single chart that covers the essential differences between each candidate's plans. As proposals change, this chart will be updated, so be sure to bookmark it and share it with your friends using the Facebook, Twitter, and email links above.

GOP Presidential candidates and Obama tax plans compared.

For an html version, please click here.

(Excerpt) Read more at atr.org ...


TOPICS: Business/Economy; History; Politics; Reference
KEYWORDS: bho44; elections; gingrich; gop; huntsman; imisschiefnegotiator; obama; paul; perry; republicans; romney; santorum; taxes; taxplan
A revised matrix comparing the tax plans of Presidential candidates.

Take this article and spread the word about the different GOP candidates versus Obama at Digg and at Reddit and in Stumbleupon and Delicious

1 posted on 01/09/2012 9:52:10 AM PST by 92nina
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To: 92nina; shield

Perry Ping!


2 posted on 01/09/2012 9:55:49 AM PST by Responsibility2nd (NO LIBS! This means liberals AND libertarians (same thing) NO LIBS!)
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To: 92nina

Ping for distribution.


3 posted on 01/09/2012 9:59:07 AM PST by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: 92nina

So, if I’m reading this right, it looks like Gingrich has the best overall tax plan.


4 posted on 01/09/2012 10:01:17 AM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
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To: grobdriver
Ping for distribution.

But not redistribution! :-)

5 posted on 01/09/2012 10:02:19 AM PST by meyer (We will not sit down and shut up.)
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To: 92nina

So...ALL are, in fact, better than Obama in this specific area...but:

Newt’s STRONG. Perry is strong too. Huntsman and Santorum are more middling, and Romney’s, while admittedly weak, if enacted would still be an improvement.

However, only Perry and Newt actually are offering optional private accounts for SS. RuPaul is offering an “opt out” but I don’t know the details...


6 posted on 01/09/2012 10:19:33 AM PST by RockinRight (If you're waiting to drink until you find pure water, you're going to die of dehydration.)
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To: Cincinatus' Wife; jonrick46; deepbluesea; TexMom7; potlatch; SunkenCiv; wolfcreek; BuckeyeTexan; ...
Perry Ping....

IF you'd rather NOT be pinged FReepmail me.

IF you'd like to be added FReepmail me. Thanks.

7 posted on 01/09/2012 10:25:34 AM PST by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: 92nina
Here are more details.

The Perry Economic Plan: Cut, Balance and Grow

8 posted on 01/09/2012 10:29:03 AM PST by Cincinatus' Wife
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To: RockinRight

Huntsman wants to keep the Death Tax for some reason too.


9 posted on 01/09/2012 10:33:47 AM PST by 92nina
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To: Cincinatus' Wife

Thanks.


10 posted on 01/09/2012 10:35:02 AM PST by 92nina
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To: 92nina

Hmm - no to Obama, Romney and Santorum...


11 posted on 01/09/2012 10:57:59 AM PST by lahargis (Every day is independence day)
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To: lahargis

Oh and no to Huntsman too, but thought that was a given.


12 posted on 01/09/2012 10:59:47 AM PST by lahargis (Every day is independence day)
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To: Responsibility2nd

Perry ping also.


13 posted on 01/09/2012 11:02:34 AM PST by altura (Perry 2012)
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To: 92nina

Newt Gingrich outlines his Jobs and Prosperity Plan at the Palmetto Freedom Forum
http://www.youtube.com/watch?v=dxv6bepdo_0

Newt Gingrich on Ben Bernanke, Economy, Creating Jobs, and Obama Administration CNBC Debate HD
http://www.youtube.com/watch?v=A-I9cpOFVqs

The Gingrich Jobs and Growth Plan
http://www.newt.org/solutions/jobs-economy


14 posted on 01/09/2012 12:38:02 PM PST by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Son House

Thanks.


15 posted on 01/09/2012 12:48:40 PM PST by 92nina
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To: TitansAFC

You might appreciate this for the Newt ping list—looks like he has the best overall tax plan of any of the candidates.


16 posted on 01/09/2012 4:23:29 PM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
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To: 92nina

Yes, your welcome as I had been looking into just that last night. As a fiscal conservative at the core, this comparison shoots Newt to the top of my list.


17 posted on 01/09/2012 6:25:51 PM PST by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks shield.


18 posted on 01/09/2012 7:10:53 PM PST by SunkenCiv (Merry Christmas, Happy New Year! May 2013 be even Happier!)
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To: 92nina
This chart is missing some important details, particulary with regards to simplification of the tax code. There are also some conflicts between this chart and the one put forth by the Tax Foundation.

I noticed it particularly with Huntsman - never a candidate I've supported, but I have been interested in his tax plan of late. With the possible exception of Perry's and Gingrich's respective optional flat taxes, Huntsman is the only candidate I am aware of who is in favor of eliminating all deductions and credits in favor of lower rates, and that isn't reflected on the chart. Also, I've seen conflicting reports on Huntsman's stance on the death tax - the Tax Foundation's chart says he is in favor of eliminating the estate tax. ATR cites Huntsman's campaign site as the source for this chart, but that site doesn't address the estate tax issue.

Certainly every candidate is better than Obama on this issue, but I would have liked to see at least one candidate explicitly come out in favor of scrapping the entire tax code and starting over, something which is long overdue.
19 posted on 01/10/2012 11:08:45 AM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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To: RockinRight

I have to disagree with you on a couple of those. I think Huntsman has one of the better plans, in that he actually advocates scrapping all of the credits and exemptions and going with a flatter, broader tax base. It is still progressive in that it has three brackets, but stripping away all of the deductions and credits - which increase compliance and return preparation costs and allow politicians pick winners and losers - is actually more important to me than having one tax bracket.

I think Santorum’s tax plan is abysmal for a conservative. It looks more like a Blue Dog Democrat’s proposal than a Republican’s - and as you might know, I’m not one who throws around “RINO” accusations very often. The elmination of corporate income taxes for anyone engaged in “manufacturing” would be a disaster - can you imagine the type of shenanigans that will go on, both in Congress and among tax-paying companies, to play with that exemption? It’s a shame, too, because I like a lot of Rick’s policies and I like him a lot personally.

For what it’s worth, I think Santorum truly believes this is what’s best for the country. Coming from anyone else, I’d think it was shameless populist pandering and an attempt to get crossover votes from Reagan Democrats. Santorum is one of the most honest guys in politics, however.


20 posted on 01/10/2012 11:22:23 AM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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To: The Pack Knight

Wow, I missed the Tax Foundation’s matrix, thanks for showing it to me.

What you say about Ambdr. Huntsman is a fair question. I think that since ATR wants all eliminations of loopholes to be @worst revenue-neutral or @best coupled with significant rate reductions, they aren’t scoring the scouring of deductions/exemptions. ATR isn’t calculating the dollar-for-dollar change, just comparing specific positions.

So therefore one should give Jon Huntsman another look. (Of course as other Freepers would point out, more is at stake than just taxes, which complicates the former Utah governor’s candidacy.)


21 posted on 01/10/2012 11:24:18 AM PST by 92nina
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To: The Pack Knight
The elmination of corporate income taxes for anyone engaged in “manufacturing” would be a disaster - can you imagine the type of shenanigans that will go on, both in Congress and among tax-paying companies, to play with that exemption?

That's a good point. As much as I like the idea of encouraging US-based manufacturing, this would be so abused. Wait till someone claims they "manufacture" part of the World Wide Web.

22 posted on 01/10/2012 11:38:30 AM PST by RockinRight (If you're waiting to drink until you find pure water, you're going to die of dehydration.)
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To: 92nina

Huntsman’s are SUPPOSED to be revenue neutral, and at a glance it looks like a good faith effort to be revenue neutral.

However, revenue-neutrality is always a somewhat speculative endeavor.


23 posted on 01/10/2012 11:48:04 AM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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To: RockinRight
I've been thinking about this, too, so I came up with a little multiple choice question over my lunch break the other day that I think anyone considering Santorum's tax proposal needs to consider.

Which of the following, if any, is a "manufacturing" business?

  1. An integrated auto manufacturer.
  2. An auto manufacturer that assembles cars from parts bought from China.
  3. An auto dealer who buys cars without headlights, buys the headlights separately, installs them on site, and sells the cars.
  4. An engineering consulting firm that designs cars.
  5. A fast food restaurant.
  6. A fast food restaurant's supplier.
  7. A caterer.
  8. A meatpacker.
  9. A corn farmer.
  10. A beef cattleman.
  11. A dairy farmer.
  12. A dog breeder.
  13. A guy who makes cabinets by hand.
  14. A toilet paper factory.
  15. A software company.
  16. A CD printing company.
  17. A software company that owns its own CD presses and sells its software on CD-ROMs.
  18. A movie studio.
  19. A coal mine.
  20. An oil driller.
  21. An oilfield services company.
  22. An oil refiner.
  23. A homebuilder.
  24. A prefabricated home manufacturer.
  25. A mobile home manufacturer.


As you can see, some of them are easy, some not so easy. All of it, however, ultimately involves picking winners and losers in the economy in a rather arbitrary manner, something we conservatives were supposed to be against last I checked.

I cheered Santorum on in Iowa, but the tax plan makes it very hard to give him more than lukewarm support going forward.
24 posted on 01/10/2012 12:00:13 PM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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