Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Newt Gingrich slams Mitt Romney over limiting mortgage deductions
The Atlanta Journal-Constitution ^ | April 18, 2012 | jJim Galloway

Posted on 04/18/2012 7:15:00 AM PDT by Cincinatus' Wife

“Conservatives believe in the classical American definition of fairness – that every American be treated equally under the law…

“Governor Romney’s tax proposal violates that principle by giving politicians the power to carve out exceptions in the law for people of certain incomes. Furthermore, it sets the stage for future tax increases, as politicians will continually try to decrease the income threshold where citizens will no longer be able to avail themselves of the deductions.”

(Excerpt) Read more at blogs.ajc.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Extended News; Government
KEYWORDS: classwarfare; classwarrior; conservatism; deductions; gingrich2012; gopprimary; mittromney; newt; romney; romney2012; taxes

1 posted on 04/18/2012 7:15:15 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | View Replies]

To: Cincinatus' Wife
You'll never hear the Romneys of the world demanding the taxation of capital gains diverted to purposes of personal income.

They want that money considered "capital" right down to the last lube job on their Cadillacs, or the rugs on the floors of their multi-million dollar mansions.

2 posted on 04/18/2012 7:18:39 AM PDT by muawiyah (ue)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife

“Shut up, Newt...this race is over, we have DECLARED IT!”

signed/Boehner and McConnell


3 posted on 04/18/2012 7:21:57 AM PDT by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife
The mortgage deduction on 2nd homes wont effect too many in the middle class, but the rest of Mutt's tax plan will.

To go with that he is also going to get rid of the state tax and property tax deduction.

THAT would screw many in the middle class.

4 posted on 04/18/2012 7:22:19 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beagle8U

Rental property would technically be classified as a 2nd home.

But that’s beside the point.

The point is ... conservatives don’t try to pander to the class warfare peeps, real conservatives don’t try and stick it to the rich “who are not paying their fair share” (when they are actually paying for nearly everything already)


5 posted on 04/18/2012 7:29:58 AM PDT by TexasFreeper2009 (Go Newt!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Beagle8U
eliminating the property tax deduction would destroy the housing market and that would affect everyone.
6 posted on 04/18/2012 7:31:08 AM PDT by TexasFreeper2009 (Go Newt!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: TexasFreeper2009
In most cases, the state/city income tax and property tax deduction is equal to more than the mortgage interest deduction.

Take away those two and all the rest of deductions might just as well be gone, because it would force many to have to go short form.

7 posted on 04/18/2012 7:39:18 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Cincinatus' Wife

Mortgage deduction is the only tax shelter/write-off that the middle class has. Figures he wants to do away with it.

It will crash the housing market.


8 posted on 04/18/2012 7:40:17 AM PDT by desertfreedom765
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beagle8U

As far as I am concerned, state and property taxes should not be considered deductions. Removing them from income is merely removing taxes paid on taxes. Double taxation!


9 posted on 04/18/2012 7:40:29 AM PDT by Explorer89 (And now, let the wild rumpus start!!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Beagle8U
Good Job!

You have all the DNC talking points down to a fine line. I'm sure they are watching this forum closely to learn how the best angle for attack should be approached.

Since the filthy and “evil” rich employ millions of people who build those mansions, work for those rotten rich people and earn a living maintaining that lifestyle, as well as, their support for the free enterprise system in which every one of us could have that same potential.

Oh, by the way, most people in the “Middle Class” owe their income and status to those people you so jealously hate.

The sad thing is, you are clueless, and believe that you are right in what you are doing, that the enemy is all around you and cheering you on as if you were one of them. And in reality, you have joined their cause, thinking the opposite.

10 posted on 04/18/2012 7:48:09 AM PDT by PSYCHO-FREEP (If you come to a fork in the road, take it........)
[ Post Reply | Private Reply | To 4 | View Replies]

To: PSYCHO-FREEP

WTF are you ranting about?


11 posted on 04/18/2012 7:55:54 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Cincinatus' Wife

Kick mitt to the curb, Newt. Despite all the Mitt maggots who are determined to get this evil blood sucker in power.


12 posted on 04/18/2012 7:56:30 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasFreeper2009

The neighbors on 3 sides of me all own second homes and none of them are what I would call rich.


13 posted on 04/18/2012 7:57:58 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Explorer89

Huh?


14 posted on 04/18/2012 8:04:35 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 9 | View Replies]

To: presently no screen name
[Despite all the Mitt maggots who are determined to get this evil blood sucker in power.]

Right, we certainly don't want an “evil bloodsucker” in power now, do we?

Thank God, that if things go your way, you will still have another 4 years of Obama to set things right............/s

15 posted on 04/18/2012 8:07:04 AM PDT by PSYCHO-FREEP (If you come to a fork in the road, take it........)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Beagle8U; PSYCHO-FREEP

It appears P-F took umbrage at your first sentence, in which it was your opinion that Mitt’s proposal on the mortgage interest deduction wouldn’t hurt the middle class nearly as much as would eliminating deductions for state and local taxes.

Others have chimed in with their opinions on that aspect.

But you’ve been tagged as a liberal, it would appear, thus his “rant” to you.

That’s what I think happened.


16 posted on 04/18/2012 8:10:45 AM PDT by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
[ Post Reply | Private Reply | To 11 | View Replies]

To: PSYCHO-FREEP

Go sell Romney some place else. We’re all booked up here.


17 posted on 04/18/2012 8:11:31 AM PDT by McGruff (Don't go wobbly on me now Newt. You're our only hope.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: PSYCHO-FREEP; presently no screen name; Jim Robinson

If you would be so kind as to EXCUSE us for not wanting either of them in power.

We stand with Jim on that.

Knowing we often don’t get what we want, which is a true conservative, still, at this point, we do have freedom to speak about issues and to give Newt an attaboy when he speaks truth, and to express our disdain for both Obama and Obama-lite.

That is what I see Jim still doing.

Would you grant us that, rather than attacking so profusely when we don’t follow the exact speech you want at every turn in the road?


18 posted on 04/18/2012 8:18:55 AM PDT by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Beagle8U

” ... it would force many to have to go short form.”

I think that’s the idea.


19 posted on 04/18/2012 8:20:48 AM PDT by riverdawg
[ Post Reply | Private Reply | To 7 | View Replies]

To: txrangerette
Well, it's a retarded tax plan that will screw over many conservatives and cost the dumb a$$ a ton of votes.

A reasonable flat tax gets rid of all deductions and would gain more support.

20 posted on 04/18/2012 8:21:43 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Cincinatus' Wife

Government needs to shrink by at least 1/3. As long as they are sucking in the amount of $$ they currentky are; they will keep playing with and controlling us.

We need to say to the government; no thanks, get off my lawn.


21 posted on 04/18/2012 8:24:53 AM PDT by HereInTheHeartland (We are the 53%. 47% of Americans pay no taxes; end the free ride...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beagle8U

PSYCHO-FREEP meant to that response for post #2 but somehow managed to respond to (your) post #4.
I suspect you will shortly get an apology.


22 posted on 04/18/2012 8:24:53 AM PDT by Lancey Howard
[ Post Reply | Private Reply | To 11 | View Replies]

To: riverdawg
Do you think it's a good idea?

I think he is a moron, too freaking stupid and out of touch to run for anything.

23 posted on 04/18/2012 8:27:10 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Beagle8U

I’m against just about all things Mitt.

The plan is bad, which Newt outlines in his comments.


24 posted on 04/18/2012 8:28:48 AM PDT by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Cincinatus' Wife

Once again Romney doesn’t have the right answer. If he wins the nomination I will have to vote for him but Newt is the only one for me. Newt has the best answers and the guts to make them happen.


25 posted on 04/18/2012 8:31:34 AM PDT by Logical me
[ Post Reply | Private Reply | To 1 | View Replies]

To: PSYCHO-FREEP
You have all the DNC talking points down to a fine line. I'm sure they are watching this forum closely to learn how the best angle for attack should be approached.

If it's Mitt vs. Obama, there will be no conservative running, and most of us won't be taking sides. So who cares if the Democans attack the Republicrats successfully or not? We'll be sticking to speaking the truth and not spinning things to favor one of the liberals.

26 posted on 04/18/2012 8:33:44 AM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Beagle8U; Lancey Howard; PSYCHO-FREEP; Jim Robinson

Ok, now I’m starting to get it.