Lowrie says it’s just “Washington thinking” to look at whether modest-income Americans will wind up shouldering much more of the tax burden. He repeatedly refused to say how much more of the tax burden would be borne by the poor and middle class than under the current system. But he implicitly acknowledged the problem by saying that the campaign would “fix this” with a new empowerment-zone plan that would be laid on top of the 9-9-9 plan and would presumably lower taxes in inner cities. But how fair is that to people living elsewhere? And aren’t we back to more complexity?
BY THE WAY … Lowrie isn’t an economist. He’s a “wealth management” consultant, whatever that means.
Ladies and gentlemen, so terminates your Bloomberg-Washington Post debate for the Republican presidential candidates. So who comported themselves well? And who came up short?
The Winners:
Mitt Romney. At this point, it’s almost becoming embarrassing. Romney has just wiped the floor with… [more]
We’re starting to get to the point where the winners and losers are the ones who aren’t necessarily flashy, but well-polished and well-studied. Romney made it look easy; he’s well-polished and well-studied. Santorum and Huntsman are in the same boat, and suddenly looking better as a result. Cain’s well-polished, making up for his weakness on certain things (like explaining 999). Paul’s well-studied, but his opinions are tougher to polish for a larger audience (although he’s making inroads). But Perry and Bachmann looked like they were drowning (all buzz, little substance), and Newt just looked like the odd man out, a tenured college professor in a real-world situation. To us, it seems like this debate format had the effect of playing up smarts and playing down rhetoric. Those who lean more on smarts won. Those who lean on rhetoric struggled.
I’m absolutely devoted to making America the strongest country in the world, and if that’s not your objective, don’t vote for me. We already have a President who doesn’t have that objective.Mitt Romney, closing out the debate.
When asked whether soaring levels of income disparity in America are acceptible, Rick Perry steamed right past and stuck with an anti-Obama message, saying that the President is the number one impediment to getting the economy back on track. Rick Santorum chimed in subsequently, talking about the “breakdown” of the family (he actually slipped gay marriage into it, too), but in terms of specifics on the question, it’s clear income disparity wasn’t something either man much wanted to discuss in moral terms.
Jon Huntsman’s daughters lower the boom on Mitt Romney. Oh no they didn’t…
Daughters of your former U.S. Ambassador to China, y’all.
Huntsman always was supposed to be the “hip” candidate.
(Source: dcdecoder)
i don’t think the federal government should be involved in that type of investment, period.Rick Perry, speaking on Solyndra, the solar technology company which received a government loan guarantee of over $500 million before filing for bankruptcy. He explained that he doesn’t have a problem with states leveraging its funds to try to spark innovation and hiring, however, and that’s a good thing — Perry has been proactive in pushing for certain industry subsidies within Texas.
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No, Alan Greenspan was a disaster.
Ron Paul, rebutting Herman Cain’s statement that of the Federal Reserve Chairmans of the last forty years, he thought Greenspan was the best. This was a curious choice, and not a politically convenient one due to Greenspan’s proximity to many of America’s financial flaws over the last decade — which means, we reckon, that it was an honest answer. So hats off to that!
Be sure to check out more coverage over at DC Decoder!
I’m gonna ask the United States Congress to include a 2/3rds majority vote before they can raise the 9-9-9 tax.
Herman Cain, answering Rick Santorum’s challenge as to how he’d prevent the rates in his tax plan from being raised over time; he also promised to protect the rates with the veto pen while in office.
Be sure to check out more coverage over at DC Decoder!
The reason for giving a tax break to middle income Americans is that middle income Americans have been most hurt by the Obama economy.Mitt Romney, responding to Newt Gingrich’s criticism that his economic plan sets a lower income threshold for a capital gains tax cut than President Obama supports. This response is indicative of the long-view game Romney has played in the last couple debates; in seeing a stable position as the GOP frontrunner, Romney realizes he can dabble in middle-class rhetoric to try to stay viable as a general election candidate.
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