the wealthy get a massive break. congressman rand, this word loophole causes trouble with me. what they re talking about for the average person working out there, loopholes, how about your homeowner mortgage deductions which everybody lives for. it s the only charity you get. charitable deductions. what are the churches going to do when they re told no more write-off. talking about being anti-religious. if romney gets his way and cuts charitable deductions, these churches will close. look at this. charity the other one is state and local. you don t have any choice. you got to pay state and local tax. so the three biggest ones are mortgages, state and local, and charitable. they re the major deductions of our lives and they re talking about getting rid of them so the rich can go from 38% to 25%. your thought. you re absolutely right. that s the game plan, blame obama, promise everything, and avoid specifics. and i guess stay off hardball
let s i want to get to him first because you will be surprised what he says. here is conservative columnist doing a job explaining what s wrong with romney s proposal. let s listen to will on romney. this uncertainty surrounding the romney/ryan tax cut plan because they have not specified the deductions that will be closed, and we know where the big money is. mortgage deduction, and state and local are what hit stinking details is the message to the public. i think this creates a real big opening and you saw what david gregory was able to do to him or what jay leno does in talking about earlier in the show. barack obama will have a wide opening on the debate to say, mitt, if you can give us magic ponies, please tell us how it s going to happen. congressman rand, you live in northern virginia, you represent that area.
exactly my point. all the deductions he talked about, charitable contributions, mortgage deduction, and state and local are what hit everybody. listen, this is part of a theme, and you can see but he won t tell it. you can see it building to the debate. he won t show us his taxes, won t tell us his tax plan. paul ryan has all these unspecified spending cuts. so when obama and others say are you going to take people off pell grants and throw them out of head start, he goes no, we re not, that s not in the plan, but he won t say where the spending cuts come from. on taxes, personal taxes and spernding cuts, they won t give the basic details. details we don t need to stinking details is the message to the public. i think this creates a real big opening and you saw what david gregory was able to do to him or what jay leno does in talking about earlier in the show. barack obama will have a wide opening on the debate to say, mitt, if you can give us magic ponies, please tell us h
going to happen. congressman rand, you live in northern virginia, you represent that area. what are people saying about romney? do they get this complication here that he s sort of hiding behind, i m not telling what you i m going to do? i hope they understand it. i hope they watch shows like yours, chris, but the problem is they re being besieged with these 15 to 30-second ads, and, of course, they also avoid specifics. that s what we re into. we re into all these promises, these vague generalities. we only have ourselves to blame if we let them get away with it. i m hoping in the debates they will be nailed down, that they have to get specific. because, you know, neither party has really come to grips with what you d have to do to really reduce the deficit, but you can t reduce revenue by another $5 trillion, increase spending by another $2 trillion, and then not touch the big tax expenditures. for example, you could say $1 trillion over a decade if you
i can tell you that people at the high end, high income taxpayers, are going to have fewer deductions and exemptions. running mate paul ryan, the didn t fare much better on that question. if you take those loopholes, those tax shelters away from high income earners, more of their income is subject to taxation and that allows us to lower tax rates on everybody. what we don t want to do is cut some backroom deal like obama care and hatch it to the country. we want this out in the open. why not say right now because we want to have this george, because we want to have this debate in the public. okay. they want to have it in the public. their math doesn t add up and they re not having that debate very quickly, no the before november. as expert after expert has said, there simple are not enough tax deductions at the top without touching investment income to make up for the loss of ref view. the dirty secret is romney will have to eliminate deductions for the middle class. th