Friday, September 14, 2012

Romney’s Middle Class: $200,000 To $250,000 A Year

   Mitt Romney is not competent enough to shovel crap at a carnival, much less America.

  By innerlinbo on Fri Sep 14, 2012

So George Stephanopoulos interviewed Mitt Romney. It starts with a lot of projection about lying. But what really interested me was when they started talking about Mitt's budget plans.

George had the temerity to bring up that even the most forgiving analysis of Mitt's "plan" will require all tax deductions to be dropped for anyone earning over $100,000 a year.

Here's what Mitt came back with:

"Let me tell you, George, the fundamentals of my tax policy are these. Number one, reduce tax burdens on middle-income people. So no one can say my plan is going to raise taxes on middle-income people, because principle number one is keep the burden down on middle-income taxpayers," he (Mitt Romney) said.

Fortunately for us George asked a key question ...
(See the magical question and the more magical answer below the cream puff...)

George asked.... What's a middle-income taxpayer.

The answer:
"Romney defined middle income as $200,000 to $250,000 a year."

Let us pause for a minute and note that, according to the US Census Bureau in 2011 the top 5% of households were those with an annual income of $186,000 or more.

I'm more and more convinced that Mitt's candidacy is some elaborate piece of performance art.

To add a little whipped cream to that statement, Romney then goes on to say:
"Number two, don't reduce the share of taxes paid by the wealthiest. The top 5% will still pay the same share of taxes they pay today. That's principle one, principle two."

So, you're not going to raise taxes on middle-income taxpayers...
Who you define as those in the top 5%...
But the top 5% will still pay the same share of taxes...
And somehow the budget will be balanced...
While increasing defense spending and not cutting entitlement spending...

Andy Kaufman would be proud.