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Obama: Ryan plan would reduce Romney's tax rate to 1 percent
CBS News ^ | August 18, 2012 | Lindsey Boerma

Posted on 08/18/2012 1:51:45 PM PDT by barmag25

(CBS News) Under the budget plan offered by Republican vice presidential nominee Rep. Paul Ryan, R-Wis., Mitt Romney would "pay less than 1 percent in taxes each year," President Obama charged during a New Hampshire campaign swing Saturday.

"That's a pretty good deal, just paying one percent in taxes; you're making millions of dollars," the president said in his second remarks of the day in Rochester, N.H., repeating the claim he first made earlier in Windham, N.H., that the plan put forth by Ryan - the House Budget Committee chair - would cut Romney's tax rate to less than 1 percent.

"Now, here's the kicker: They expect you to pick up the tab," he continued to an eruption of "boos."

Mr. Obama urged his New Hampshire supporters to approach Romney and Ryan when they arrive in the state for campaign events Monday "so you can tell them if you think this is fair. And you should ask them, 'How do you think that's gonna grow the economy again? How is that gonna strengthen the middle class?'"

(Excerpt) Read more at cbsnews.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: obama; romney; taxes
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To: barmag25

Wait!

I thought Romney allegedly paid no tax?

(sheesh)

Another lie.


21 posted on 08/18/2012 2:12:16 PM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: barmag25
Why doesn't Romney turn this around into a viable talk track and say that, in Obama's plan, the govt doesn't want to reduce spending? THAT is what is resonating with the people, it's not about the billions of dollars the govt collects in taxes, but that the govt can love within it's means, like most rationale people do?

If they want to make it about spending habits, tie to to what most people understand; Their own budget!

22 posted on 08/18/2012 2:12:26 PM PDT by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: JohnBrowdie

Doesn’t Romney pay the tax rate that Obama has on the books?

STFU Obama and STF down!


23 posted on 08/18/2012 2:12:35 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: skeeter

“Now, here’s the kicker: They expect you to pick up the tab,” he continued to an eruption of “boos.”

So sayeth the one who recently walked out on a restaurant bill thus depriving someone who DID build their business hard earned money. But, not surprising as he has had his entire life subsidized.


24 posted on 08/18/2012 2:12:35 PM PDT by Cowgirl of Justice
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To: kcvl

All he has is hot air.


25 posted on 08/18/2012 2:14:23 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: barmag25

One percent - that’s fabulous. What would be really awesome is if everyone could pay just one percent. To imagine that the producers would pay a smaller rate than the non-producers is almost as if there was an incentive to produce and not be a lazy OWS welfare collecting drain on civilization. You know that could be good! Although if I could choose I still prefer a capitation tax.


26 posted on 08/18/2012 2:15:45 PM PDT by DaveyB (Our Constitution was made only for a moral and religious people. -John Adams)
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To: barmag25
Most of Fox leans closer to King Obama’s lies and gives little time to the Ryan plan. Fox is turning into a liberal outlet by giving more time to liberals than Republicans in interviews. The liberal big mouth head bobbing hand waving is making me sick. They are asses, but more time means more votes.
27 posted on 08/18/2012 2:15:55 PM PDT by Logical me
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To: barmag25
Of course he's going to throw out blatant lies in an attempt to deflect attention from where it hurts him, and of course as usual it's directed towards class warfare.

I just hope the other side continues to focus on the feeble economy and jobs and doesn't let Obama set the narrative. We'll see how well they can get the proper messages across in the face of the community organizers.

28 posted on 08/18/2012 2:16:21 PM PDT by Pox (Good Night. I expect more respect tomorrow.)
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To: barmag25

1% sounds good. Obama is resorting to “MSU”...... makin’ S#%@ up

Easy to debunk. RNC should show how Ryan’s plan would allow a small business owner to invest in his/her business to create jobs


29 posted on 08/18/2012 2:19:31 PM PDT by GotMojo
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To: barmag25
Under the budget plan offered by Republican vice presidential nominee Rep. Paul Ryan, R-Wis., Mitt Romney would "pay less than 1 percent in taxes each year," President Obama charged

Obama goes from lie, to lie, to lie, to lie, to damn lie. Nobody, but nobody can believe anything that comes out of this guy's mouth...all and everything just damned lies!!!

30 posted on 08/18/2012 2:19:40 PM PDT by GoldenPup (Comrade "O" has got to GO!!)
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To: Cringing Negativism Network

Romney has his own special tax rate.
Sheesh!
Hey Bammy, you run the country.
If Romney is a tax cheat have him busted, otherwise STFU!


31 posted on 08/18/2012 2:19:40 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Cowgirl of Justice

I wish the GOP had the stones to respond to this charge by suggesting the 46% of wage earners who currently pay NO federal income tax should help the rest of us ‘pick up the tab’.


32 posted on 08/18/2012 2:20:45 PM PDT by skeeter
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To: barmag25

1%? Good! We shouldn’t be taxed on income nor profits at all! Excise and sales taxes are not intrusive to us and the way we grew our nation for many years.


33 posted on 08/18/2012 2:21:48 PM PDT by fabian (" And a new day will dawn for those who stand long, and the forests will echo with laughter")
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To: barmag25

He pulled Rahm’s pecker and this stat out of the same place.


34 posted on 08/18/2012 2:30:40 PM PDT by Defiant (If there are infinite parallel universes, why Lord, am I living in the one with Obama as President?)
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To: Jim Robinson; barmag25
1% is certainly a start, but I think we could go even lower.

At the same time if you have somebody making a living earning the big bucks engaging in nothing but capital gains, we might consider doing two things (along the way to that 1% rate) ~

(1) any 'gains' withdrawn from the continual stream of reinvestment for use as personal income (to buy houses, cars, food ~ the usual stuff) would be counted as ORDINARY EARNED INCOME ~ and

(2) the federal personal income tax would be converted to operate like the federal corporate income tax ~ meaning we'd be taxed on ONLY OUR PROFIT ~ which would enable many of us to go to less than 1% tax rates instantly!

BWAhahahahahahaaa ~ HI HO General Electric!

35 posted on 08/18/2012 2:31:20 PM PDT by muawiyah
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To: skeeter
We don't do that ~ Conservatives think tax rates should be reduced AND folks who don't have real income shouldn't even be taxed.

End of story.

You want tax increases, see your boy Obama and his running dog lackeys.

36 posted on 08/18/2012 2:33:16 PM PDT by muawiyah
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To: barmag25
Obama is an Isflamist.. a Grand Wallah of Isflam. Everything he says is flam.
37 posted on 08/18/2012 2:37:45 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: muawiyah
Dial it back bro. I guess you missed the words wage earners in my comment.

And yes, everyone should have 'skin in the game' so they too can share the pain when the country votes for tax increasing politicians.

38 posted on 08/18/2012 2:41:40 PM PDT by skeeter
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To: skeeter
Nonsense, in the atomic age we all have skin in the game ~ quite literally I might add.

The argument that we should tax the poor is just crazy talk anyway.

39 posted on 08/18/2012 2:44:01 PM PDT by muawiyah
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To: skeeter
BTW, if you simply flipped us all into the corporate income tax system, we'd pay taxes only on our profits. Frankly I haven't made a profit in years ~ also had some really serious capital losses in 2008-2012 ~ like everybody else.

At the same time I paid fantastic amounts in taxes over that time yet if I were General Electric I"d paid nothing and would be rolling many of my losses forward ensuring that I might well never pay taxes again.

40 posted on 08/18/2012 2:47:09 PM PDT by muawiyah
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