Friday, October 19, 2012

Romney's Ever Fixed Mark

Dr. McCoy - I'd give real money if he'd shut up...
- Star Trek VI The Undiscovered Country

It's not enough to point how just how often and how severe that Mitt Romney changes his story, changes his opinion, changes his political stance: how he, in fact, LIES on nearly every issue.

It's not enough to pile on to the observation of how Romney's currently best-known nickname got to be "Mr. Etch-A-Sketch".

It needs to be pointed out as often as possible how Mitt Romney is the LEAST-LIKED Presidential candidate in AGES, but that's not the point of this blog entry here.

The point of this article is to focus on what Mitt Romney REALLY WANTS if he becomes President.  It's kind of hard to do when he's got this well-deserved reputation for flip-flopping and pandering in such a way it's made other panderers - both Clintons come to mind - look like sagacious pillars of consistency.  But beneath all the bluster, behind all the constant "re-inventing" and "re-branding", at the base of EVERYTHING on Mitt's clouded and passed-over agenda (the one where he keeps saying "Trust me" as though that's always a good-enough answer): there is one consistent item on the agenda Mitt has NEVER renounced and ALWAYS persisted.

A massive tax cut.

Everything else on the table - abortion, foreign policy, Medicare/Medicaid and health care reform in general, education costs, energy needs - Romney has flipped on at least once this year.

But the tax cut plan, despite the occasional "tweaks" to how it's presented, has pretty much remained the same.  And it's remained the core element of Romney's economic package, as though the massive tax cut will solve all woes, create all jobs, save all mankind.

Even though a majority of Americans ought to f-cking know better by now.  Considering we've had a Republican President pass a massive tax cut plan roughly 11 years ago, and we've had all this time to see what the results have been (first chart from Ezra Klein, second chart from the Center on Budget and Policy Priorities) :

The Tax Rate of the cuts for upper income clearly get bigger, doubling and tripling in size for the top three brackets.  What does this say about the tax burden for upper income Americans?  How regressive have these Bush tax cuts really been?

Note how most of the deficit causes shrink eventually: The Bush Tax Cuts NEVER SHRINK AND IN FACT GET BIGGER

And consider this: Romney wants his tax cut plan to go DEEPER than the Bush tax cuts ever went.  He's asking for a $5 TRILLION cut, ostensibly across the board except for the fact that he's scaling it more for upper income over middle-and-lower incomes.  Because hidden in his tax proposal, Mitt wants to kill off the Alternative Minimum Tax and the Earned Income Tax Credit (both of which benefit middle and lower class taxpayers).  Check this chart (from Klein's guest-blogger Dylan Matthews):

Everyone under $25,000 income has to pay MORE taxes by 1 to 2 percent, while the jump from $147,000 to $150,000 income from a 2 percent cut straight up to a 6 percent cut.
This is what Mitt Romney wants.  This is his obsession, his passion, his ever-fixed mark.  Everything else on his platform changes from day-to-day like the Etch A Sketch candidate he is.  He wants this massive tax cut.

Even though FOR THE LOVE OF GOD we have all seen that tax cuts - especially cuts that are NOT PAID FOR by targeted spending cuts to balance it out - DO NOT WORK.  Even though we've got economic experts - from the usual suspects like Krugman to the nonpartisan Tax Policy Center to serious fiscal Republicans like David Frum - screaming how Romney's tax plan is IMPOSSIBLE.  Romney is insisting on this tax cut plan, claiming it will "create jobs," "create growth," "fix government."

Tax cuts are not job creators : direct investment into business expansion and start-ups are.  Tax cuts do not stimulate the economy.  Tax cuts do not help curb spending: not only did spending get out of control during the GOP-led Bush era by so-called fiscal conservatives, but even hardcore fiscal conservative Ben Stein is now noting that at the current tax rates - "they're too low" - there aren't enough spending cuts to flatten out the deficit.

And Romney wants to make the tax rates LOWER.  No matter the excuse or justification.  He just does.

This alone should be disqualifying Mitt Romney from even being a Presidential candidate, for God's sake.  But he's up there on the ballot, and GOD HELP US the polls are getting too close for comfort.


1 comment:

Kiran Martin said...

Everything I saw in that short piece of the debate the other night tells me all anyone needs to know about him (Romney): "HERE IS A VAGUE STATEMENT ABOUT JOBS" "HERE IS WHERE I TELL YOU THAT TRICKLE-DOWN ECONOMICS WORK" "HERE IS ME BEING SEXIST" "HERE IS ME PULLING STATS OUT OF MY ASS THAT ARE PROBABLY NOT TRUE BUT THEY SOUND GOOD".

I can have no effect on your election whatsoever, but I am pulling for the good mojo to bring Obama back.