Skip to comments.Newt Gingrich slams Mitt Romney over limiting mortgage deductions
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 Romneys 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 ...
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.
“Shut up, Newt...this race is over, we have DECLARED IT!”
signed/Boehner and McConnell
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.
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)
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.
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.
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!
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.
WTF are you ranting about?
Kick mitt to the curb, Newt. Despite all the Mitt maggots who are determined to get this evil blood sucker in power.
The neighbors on 3 sides of me all own second homes and none of them are what I would call rich.
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
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.
Go sell Romney some place else. We’re all booked up here.
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?
” ... it would force many to have to go short form.”
I think that’s the idea.
A reasonable flat tax gets rid of all deductions and would gain more support.