Gingrich proposes a lulu

[schnurrbart]

GOP presidential candidate Newt Gingrich is proposing a massive tax cut aimed at the highest-earning American households. Gingrich’s plan would add about $1 trillion to the federal deficit in a single year. And while most of the nation’s lowest-income families would get no benefit from these tax cuts, the top 0.1 percent (who make an average of more than $8 million) would get about a quarter of the windfall, according to new estimates by my colleagues at the Tax Policy Center.

Here you go righties.  A man with a plan.  Amazing, simpply amazing!

http://www.forbes.com/sites/beltway/2011/12/12/gingrichs-tax-plan-big-tax-cuts-for-the-rich-big-defi...

[r3020]

How can this be.......The rich don't pay any taxes.

[Polaris Racer]

 $1 trillion !  That is chump change to your guy. I think he has spent that on vacations.

[schnurrbart]

Make up your mind.  You have been saying for months that only the poor don't pay any taxes and now you say the rich don't.

[r3020]

What we need is a candidate that calls for a cut in spending. One who wants to freeze the debt ceiling and save us from the fate of Europe.

[bruce MN]

Newt is simply staging a spectacular fireworks show.

http://market-ticker.org/akcs-www?post=199048

Can't blame him. He's really, really good at it. And the fun may go on all the way to next November.

But the uber conservatives and ultra wingers are modilizing, trying to keep him form the nomination. Some radio guy named Savage apparently has publicly offered him a million dollars to drop out.

[Nebrfarmr]

One of the problems as I see it, are big corporations, banks, Wall Streeters and etc. have upper management that votes themselves big raises and bonuses, at the expense of the average worker, and then use the money to buy politicians who vote to give them tax loopholes, which means the average worker gets shafted because they again have to take up the slack. The problem is obvious if you look. What is difficult is to find a solution that is fair, and has a chance of getting through Congress. Newt is just one of many politicians who say what they think will get them votes, like 99.875% of all politicians. I think you need to look at ones record more than rhetoric.

[bruce MN]

....they are CERTAIN that they do...and way too many...

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-the-gops-two-conversations-over-taxes/2...

One weary commentor's interpretaion of all of that:

"But it’s not odd at all, once you realize that the GOP is not now, and never has been (at least not since the 1970s) concerned about the deficit. All the fiscal posturing of the last couple of years has been about using the deficit as a club to smash the welfare state, with the secondary goal of frustrating any efforts on the part of the Obama administration to help the struggling economy.

The entire debate has been fake. If you don’t understand that, or can’t bring yourself to admit it, you’re missing the whole story."

[r3020]

If our deficits continue on the current path the entire system will collapse. Not smashing anyone or anything, just the cold hard truth. That is why I will not vote for newt he is a big government central planner.