[CheyennePress]

This is one way for the Republicans to begin seeking younger voters again, and really the whole middle class. It's also another way of addressing the failures of social security. Get the government's fingers off savings accounts and move the people towards financial independence.

Of course, given the failures of many to take advantage of ROTH-IRAs, well... But this cuts even the front end off of those.

Romney was the first to sign on to a pledge declaring that he would support no new taxes. He's also been at the forefront in bringing out specific tax cuts to his platform.

(I did excerpt out the usual cries from liberals about how these cuts meant nothing to the poor and how the average American income is $43,000 to get below the word limit. Click on the link and read those 2 paragraphs if you want.)

[mnehring]

If you want to feed a village, let the farmer plant his seeds, don’t take the seeds from him and feed people with those.

[aroostook war]

I like the plan of eliminating the IRS. Less messy.

[CheyennePress]

• Send FReep Mail to Unmarked Package to get [ON] or [OFF] the Mitt Romney Ping List •

[I see my hands]

After $200K it's yours Mitt? Why don't you be a man and try to take it from me face to face? Go ahead, punk, go for my wallet.

This class warrior can go to heck. Stupid lame smiling Communist.

[EternalVigilance]

[Man50D]

Mitt Romney rolled out one of the most detailed tax cut plans yet among the major presidential candidates yesterday, proposing to eliminate taxes on income from interest, dividends, and capital gains for the vast majority of Americans.

In several appearances in New Hampshire, Romney said his proposal, which would give the tax break to those earning less than $200,000 a year, would be a boon to the middle class.

There is a bill before Congress The Fair Tax Act Of 2007that will accomplish this goal but also abolish all Federal Income taxes. Visit Americans For Fair Taxation for more information. Fair Tax ping!

[Dante3]

Good for Romney. There should be no tax on interest.

[lonevoice]

This is one of the things about Romney’s platform that personally affects me in a very positive way. I currently earn about $35,000/year in interest income on taxable savings. The interest rate on savings is so low, and, combined with the taxability, it provides little or no incentive for Americans trying to save for retirement in order to maintain financial independence in their senior years.

[vetsvette]

“Government shouldn’t be telling you they’re going to tax you on your savings.”

I agree, but why then does he limit it to those making less than $200K/year. If it’s wrong for those making less than this arbitrary limit, it’s wrong for those making more.

Class warfare is no way to get my vote.

[mtbopfuyn]

Too little too late. With the current rate of inflation and no raise in years, we’re going through the savings like crazy. Too close to retirement to switch jobs now.

[newzjunkey]

Taxing savings is one of the more stupid things we do.

[taxcontrol]

Ok, I’m not following this 100%.

Case 1
Assume a person makes $150,000 and get $25,000 in a stock dividend payment. Total under $200,000 so does that me the $25,000 would not be taxed?

Case 2
Assume a person makes $150,000 and gets $75,000 in stock dividend payment. Would that be taxed or only the amount over $200,000?

[Reagan Man]

It doesn’t matter what Romney proposes. He isn’t gonna get the nomination. Supporting a faux conservative from liberal Massachusetts is an effort in futility.

Support a real conservative, Fred Thompson.

[Bernard]

Why not start with the elimination of the Alternative Minimum Tax? It's a bad idea, complicates personal income taxes, and is a looming threat to millions of Americans. Instead, we get another proposal to add regulations and exceptions to an already over-complicated tax code.

It's time for the Republicans to break away from the "let's tweak it" mentality that makes them look like big-government, liberal Democrats. Don't tweak it. "Mr. Romney, it's time to shut down that regulation."

[DManA]

Too bad the President doesn’t write the tax code.

[ellery]

Tax cut plan = + 10

Proposing to make the tax code less flat, and more complex = - 1

Triangulating by making a point of saying that it doesn’t benefit the wealthy, as if that’s a good thing = -3

For me, Romney gets a 6/10 on this one (by contrast the donks get a 0/10, so it’s not all bad. But playing into the class warfare mindset is disappointing).

[redgirlinabluestate]

Ranking Republican on Ways and Means Committee on Mitt:

"I am the Ranking Republican on the Ways and Means Committee of the U.S. House of Representatives. It is the Committee with jurisdiction over America's tax policy. So, I have given the topic of tax reform and creating the best tax policy for our country a great deal of thought. It's one of the important reasons I have chosen to endorse Mitt Romney." ...

"Governor Romney understands that the problem isn't that the American people don't pay enough taxes - the problem is that the federal government spends too much money. So he has put forth an aggressive agenda of tax relief - for individuals and corporations - and fiscal discipline that will ensure that our economy continues to grow.

"He believes we must do as John F. Kennedy did in the 1960s, Ronald Reagan did in the 1980s and George W. Bush did in the 2000s: we must cut income tax rates across the board. This approach is fair, simple and extends the pro-growth benefits of tax rate cuts to all Americans who pay taxes."

Louisianna's Jim McCrery (R-LA) Endorses Romney

[Rameumptom]