Page 22 - Loop Holes News Today

Taxes. any economist my debate whether that is 4.9 trillion or 5 trillion. >> youre mischaracterizing the romney plan. youre right, 5 trillion by lowering the tax rates but also cuts about cutting loop holes and -- >> ahhhh. >> but that is part of the plan. >> but he wont say which loop holes and which deductions. >> joining me washington post kol columnest and author. you. >> you have a lot of heart, ed. >> i have so much heart. there are polls on the table that mitt romney is talking about. i ...

We would be talking about mitt romneys loose interpretation of the facts regardless of what the people thought of the pets performance. his own campaign walked back what romney said about covering people with preexisting conditions in the healthcare plan. >> marjorie wasnt the president lying when he repeatedly said mitt romney would raise taxes five trillion dollars. it will not be near five trillion wasnt that a lie. >> no it is not a lie because romney will not talk about the loop holes. he r...

>> thats the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. thats not the case. i will not reduce taxes paid by high i...

Enough deduction and loop holes that only affect high income individuals to avoidd either raising the deficit or burdening the middle class. its math. it is arithmetic. >> steve: which we have heard the president say on the stump. it is interesting and so critical for people to see, i was reading one poll, 15 or 18 percent of the country waiting to see the first debate because they were sitting on the fence and they want to see the guys side by side. mitt romneys job was to look presidential. he...

Taxpayers will have fewer deductions and exemptions. >> number cruncher congressman paul ryan was equally unable to list a single loop hole the romney/ryan tax plan would close. >> its difficult to accept your word if youre not going to specify which tax loop hoholes youre willing to close. dont voters have a right to know which loop holes youre going to go after? >> mitt romney and i based on our experience think the best way to do this is show the framework, outlines of the plan and work with ...

Obama care and making sure that each of the states get a waiver. going through tax reform so that we can get rid of these loop holes and get our country more competitive. you make $200,000 or less as your adjusted gross income, we want to make sure -- >> with all due respect, congressman -- >> there are a lot of specifics in those types of details. >> but those details were not talked about mitt romney. a question was raced, i dont think -- >> absolutely, theyve been talking about these for mont...

Bring down the rates and plug the loop holes and president obama would never agree to anything that brought down marginal tax rate. >> i will say this and there is enough blame to go around. both pears were skittish from the commission and divorcing themselves from it and by and large, the feel thag the work would be in a nice leather binder gathering dust in the end. >> it was all about midterm election. people upset with both parties. the incumbents were in trouble and should still be in troub...

Of 800 people that have flowed through this set since that happened, i think i do commend him for that. >> yeah. >> little outnumbered right now. >> you cant be calling people names. >> i dont know what that means. >> so mark halperin. >> im just saying. >> can i have cheese? >> pick up with you. we were talking about last segment. why is it paul ryan and governor romney wont specify on the -- in their sort of macro plans what kind of deductions they would like to eliminate or scale back? should...

This town over the last 30 years. and if you study the effects of that 86 tax reform which lowered rates and closed loopholes, it actually increased the share that the rich were paying. so this is not some fantasy. >> but its supposed to raise revenue. >> right because if you depending on how you fool around with the rate and how many deductions and loop holes you actually close you can fiddle with the numbers. and this whole idea of the obama campaign and the democrats have been pushing that ro...

Out. lets slow down. lets sell the house and get a smaller home. lets take some measures, some austerity measures to slow down how much money you are spending. >> kelly: youre saying the government should be doing the same thing? >> the government needs to do that. >> kelly: before i let you go. a couple weeks ago we discussed the boles-simpson plan that proposed a plan that could reduce the deficit and reduce spending. boles states in an editorial, no matter who wins the election next president...