Mitt might be on to somthing
I think that he may be on to something. He recently updated his idea about eliminating taxes for families who are earning less than 200k a year. He states it will benefit many of poor (or if you make 199 K a year your semi rich at least) and would encompass 95 percent of Americans. I think that if he were to bring down the number to individuals who are actually having issues (such as under 60 K) I think that it would be better off for the economy. I think he may have lost an understanding on how in debt the US really is. According to reports, the encompassing debt is in the trillions after you consider all of the rebuilding of Iraq, etc (so its a future estimate). Either way, we wont make any money cutting out all taxes. As you read closer, he is referring to capital gains and interest that people receive. The cost of the proposal would be 32 billion. I don’t think that we are in the positive here to make such decisions but I do think he might be on to something. Something a little more thought out would be nice though Mitt.
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