UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: Stonewashed Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1976763  
Subject: Re: Romney might have won the debate. Date: 10/4/2012 6:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
If Chicago is awake at all Flip may be rocked with some counterpunches. Now no one can know what his policy positions are today, but there's tape out there showing he wants a 20% income tax cut and elimination of a couple other taxes. Barring appearance of Dope's revenue fairy that can't be revenue neutral;the arithmetic won't work. He's flipped again.

Then there was his response to the president opposing repeal of tax breaks for offshoring: "I have no idea what you're talking about".

Lying on video is risky. I've assumed that Chicago has a fault full of ads showing Mitt flipping. Those plus videos of him lying in debate can leave him looking unappealing to people who want to know what they're voting for when they go to the polls. Flip's vulnerable
_________________-

Except he didn't lie. They don't get a tax break for moving overseas. They get a tax write off when closing a plant down, as the cost of doing business. No different thatn if they moved from NY to some other state. Once there they don't have to pay taxes on the money until it enters back into the US.

The bigger issue underlying the debate is how the federal government taxes the overseas income of companies headquartered in the U.S. Under current law, U.S. companies are taxed on the income they earn around the world. They get tax credits for payments to foreign governments and don’t have to pay the U.S. tax until they bring the money home. Obama has proposed limits on that deferral, arguing that it provides an incentive to invest overseas rather than in the U.S.

Obama sometimes uses the “shipping jobs overseas” language to mean both the narrow and bigger change.

The Facts: Obama exaggerates by making a tax deduction for regular business expenses and a central feature of the U.S. international tax system sound like special breaks for shipping jobs overseas.


http://www.bloomberg.com/news/2012-10-04/romney-tax-plan-nee...

Moreover no different than what saunafool does.

If Obama would have been on his toes he could have challenged Romney on a few things. But he wasn't on his toes. He was working from crip sheets with canned replies about things he really has no understanding about.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement