Romney's Debate Lies About Taxes

Anyone who doesn't believe Mitt Romny is a lying sack of shit is either extremely stupid or also a lying sack of shit. Mitt Romney lies about everything and I mean everything.  Mitt Romney is a skilled liar.  

Romney told 27 lies in the first debate. Here are a few.


 

“I don’t have a $5 trillion tax cut. I don’t have a tax cut of a scale that you’re talking about.”

 A Tax Policy Center analysis of Romney’s proposal for a 20 percent across-the-board tax cut in all federal income tax rates, eliminating the Alternative Minimum Tax, eliminating the estate tax and other tax reductions, would reduce federal revenue $480 billion in 2015. This amounts to $5 trillion over the decade.


“My view is that we ought to provide tax relief to people in the middle class. But I’m not going to reduce the share of taxes paid by high-income people.”

If Romney hopes to provide tax relief to the middle class, then his $5 trillion tax cut would add to the deficit. There are not enough deductions in the tax code that primarily benefit rich people to make his math work.



“My — my number-one principal is, there will be no tax cut that adds to the deficit. I want to underline that: no tax cut that adds to the deficit.”

As the Tax Policy Center concluded, Romney’s plan can’t both exempt middle class families from tax cuts and remain revenue neutral. “He’s promised all these things and he can’t do them all. In order for him to cover the cost of his tax cut without adding to the deficit, he’d have to find a way to raise taxes on middle income people or people making less than $200,000 a year,” the Center found.


“I will not under any circumstances raise taxes on middle-income families. I will lower taxes on middle-income families. Now, you cite a study. There are six other studies that looked at the study you describe and say it’s completely wrong.”

The studies Romney cites actually further prove that Romney would, in fact, have to raise taxes on the middle class if he were to keep his promise not to lose revenue with his tax rate reduction.


“I saw a study that came out today that said you’re going to raise taxes by $3,000 to $4,000 on middle-income families.”

Romney is pointing to this study from the American Enterprise Institute. It actually found that rather than raise taxes to pay down the debt, the Obama administration’s policies — those contained directly in his budget — would reduce the share of taxes that go toward servicing the debt by $1,289.89 per taxpayer in the $100,000 to $200,000 range.

Romney's Debate Lie On Energy Independence

“Get us energy independent, North American energy independent. That creates about 4 million jobs”.

 Romney’s plan for “energy independence” actually relies heavily on a study that assumes the U.S. continues with fuel efficiency standards set by the Obama administration. For instance, he uses Citigroup research based off the assumption that “‘the United States will continue with strict fuel economy standards that will lower its oil demand.” Since he promises to undo the Obama administration’s new fuel efficiency standards, he would cut oil consumption savings of 2 million barrels per day by 2025.

More Romney Debate Lies

ROMNEY: Obama’s health care plan “puts in place an unelected board that’s going to tell people ultimately what kind of treatments they can have. I don’t like that idea.”

THE FACTS: Romney is referring to the Independent Payment Advisory Board, a panel of experts that would have the power to force Medicare cuts if costs rise beyond certain levels and Congress fails to act. But Obama’s health care law explicitly prohibits the board from rationing care, shifting costs to retirees, restricting benefits or raising the Medicare eligibility age. So the board doesn’t have the power to dictate to doctors what treatments they can prescribe.

Romney seems to be resurrecting the assertion that Obama’s law would lead to rationing, made famous by former Alaska Gov. Sarah Palin’s widely debunked allegation that it would create “death panels.”

The board has yet to be named, and its members would ultimately have to be confirmed by the Senate. Health care inflation has been modest in the last few years, so cuts would be unlikely for most of the rest of this decade.


ROMNEY on the failure of Obama’s economic policy: “And the proof of that is 23 million people out of work. The proof of that is 1 out of 6 people in poverty. The proof of that is we’ve gone from 32 million on food stamps to 47 million on food stamps. The proof of that is that 50 percent of college graduates this year can’t find work.”

THE FACTS: The number of unemployed is 12.5 million, not 23 million. Romney was also counting 8 million people who are working part time but would like a full-time job and 2.6 million who have stopped looking for work, either because they are discouraged or because they are going back to school or for other reasons.

He got the figure closer to right earlier in the debate, leaving out only the part-timers when he said the U.S. has “23 million people out of work or stopped looking for work.” But he got the facts wrong in asserting that Obama came into office “facing 23 million people out of work.” At the start of Obama’s presidency, 12 million were out of work.

His claim that half of college graduates can’t find work now also was dishonest. A Northeastern University analysis for The Associated Press found that a one-fourth of recent graduates were probably unemployed and another quarter were underemployed, which means working in jobs that didn’t make full use of their skills or experience.



ROMNEY: “Right now, the CBO says up to 20 million people will lose their insurance as Obamacare goes into effect next year.”

THE FACTS: Romney is dishonestly making selective use of the Congressional Budget Office’s March findings on how employers might adjust to the new health law. The neutral Washington scorekeeper actually gave Congress four scenarios — ranging from a net increase in employer-provided coverage for 3 million people to the decrease of 20 million that Romney cited.

Here’s why: The law offers tax incentives for companies with more than 50 workers that provide coverage and penalties for those that don’t. The analysis says it’s difficult to say how companies will behave, with some making a purely economic calculation and others concluding that continuing coverage may be essential to pleasing workers in a competitive environment. “As a result, any projections of those effects are clearly quite uncertain,” the study’s authors concluded.


ROMNEY on cutting the deficit: “Obamacare’s on my list. … I’m going to stop the subsidy to PBS. … I’ll make government more efficient.”

THE FACTS: Romney has promised to balance the budget in eight years to 10 years, but he hasn’t offered a complete plan. Instead, he’s promised a set of principles, some of which — like increasing Pentagon spending and restoring more than $700 billion in cuts that Democrats made in Medicare over the coming decade — work against his goal. He also has said he will not consider tax increases.

He pledges to shrink the government to 20 percent of the size of the economy, as opposed to more than 23 percent of gross domestic product now, by the end of his first term. The Romney campaign estimates that would require cuts of $500 billion from the 2016 budget alone. He also has pledged to cut tax rates by 20 percent, paying for them by eliminating tax breaks for the wealthiest and through economic growth.

To fulfill his promise, then, Romney would require cuts to other programs so deep — under one calculation requiring cutting many areas of the domestic budget by one-third within four years — that they could never get through Congress. Cuts to domestic agencies would have to be particularly deep.

But he’s offered only a few modest examples of government programs he’d be willing to squeeze, like subsidies to PBS and Amtrak. He does want to repeal Obama’s big health care law, but that law is actually forecast to reduce the deficit.

Romney Lies Caught On Tape!

Please spread these videos. Take an hour or two to post them on debate forums, email and social media. Don't let that lying bastard Romney breath. Bury his lying ass in the truth!

Romney Presidential Debate Fact Checked

Romney Goes On Offense, Pays For It In First Wave Of Fact Checks

 

by Mark Memmott and Scott Montgomery from NPR

In their first of three debates, President Obama and Republican challenger Mitt Romney "traded barbs" and stretched some facts, say the nonpartisan watchdogs at PolitiFact.com.

Similarly, the researchers at the Annenberg Public Policy Center's FactCheck.org found examples of truth-stretching by both men but only Romney told outright lies.

Overall, it was a debate packed with facts, a wonk's delight. From the very first remarks, with President Obama saying 5 million jobs have been created in the private sector over the last 30 months, the debate was very number focused. So there were some things to check. And because Romney made more factual assertions, he's getting dinged more — at least in the early hours after the debate — by the fact checkers.

Here is a sample of what's being reported about the truthiness of what Obama and Romney had to say Wednesday night on stage at the University of Denver:
  — One of the biggest disputes was over tax cuts. Obama argued that Romney's plan to stimulate the economy includes a tax cut totaling $5 trillion that, Obama said, isn't possible because the Republican nominee is also promising to spend money in other places.



Romney flatly disputed that number. "First of all, I don't have a $5 trillion tax cut," he said.
Who's right? The Washington Post's Fact Checker says the facts on this one are on Obama's side. The New York Times notes that Romney "has proposed cutting all marginal tax rates by 20 percent — which would in and of itself cut tax revenue by $5 trillion."



FactCheck.org has weighed in too, tweeting during the debate that "Romney says he will pay for $5T tax cut without raising deficit or raising taxes on middle class. Experts say that's not possible."
PolitiFact has given a "mostly true" rating to the charge that "Romney is proposing a tax plan "that would give millionaires another tax break and raise taxes on middle class families by up to $2,000 a year."



— Has the president put in place a plan that would cut Medicare benefits by $716 billion? Romney says yes. The president says no. According to PolitiFact, Romney's charge is "half true."

"That amount — $716 billion — refers to Obamacare's reductions in Medicare spending over 10 years, primarily paid to insurers and hospitals," says PolitiFact. So there is a basis for the number. But, it adds, "the statement gives the impression that the law takes money already allocated to Medicare away from current recipients," which is why it gets only a "half true" rating.

The New York Times writes that Obama "did not cut benefits by $716 billion over 10 years as part of his 2010 health care law; rather, he reduced Medicare reimbursements to health care providers, chiefly insurance companies and drug manufacturers. And the law gave Medicare recipients more generous benefits for prescription drugs and free preventive care like mammograms."

Still, as NPR's Julie Rovner has reported, "some of the money does indeed reduce future Medical spending, and the fact is, you can't reduce health care spending and preserve Medicare for 78 million baby boomers without slowing its growth."



— In listing his objections to the Affordable Care Act, Romney said it "puts in place an unelected board that's going to tell people, ultimately, what kind of treatments they can have. I don't like that idea."

But the Times and National Journal have reported that the board in question wouldn't make treatment decisions, a point Obama made during the debate. National Journal called Romney's characterization of what this board would do "one of the biggest whoppers of the night." PolitiFact gave Romney's claim a "mostly false" rating.

Under the law, the board's job would be to keep Medicare spending within a particular target (not a dollar figure, but as a factor of GDP) but the board is prohibited from choosing the benefits to be restricted to achieve savings, so it cannot make treatment decisions.

FactCheck.org, which has likened the charge about this panel to the earlier claim from Republicans that Obama would create "death panels," writes that "the board, the Independent Payment Advisory Board, cannot, by law, 'ration' care or determine which treatments Medicare covers. In fact, the IPAB is limited in what it can do to curb the growth of Medicare spending."


— On cutting the federal deficit, PolitiFact writes, "Romney claimed that Obama had said he would 'cut the deficit in half.' That's the case. ... Obama said he put forward 'a specific $4 trillion deficit reduction plan.' That's true if you combine the 10-year impact of his budget with the 10-year impact of cuts already approved. (For that reason, we've previously found his claim that his budget plan would 'cut our deficits by $4 trillion' Half True.)"

— As for Obama's claim that under his watch the economy has created 5 million jobs in the past 30 months, NPR's John Ydstie says that's true. But it also ignores an inconvenient truth (for the president), that about the same number of jobs were lost during Obama's first year in office but it must be noted that in 2009 the economy was still in free fall.

— And on a lighter note, the debate opened with a tender moment and a fact that soon was disputed on Twitter. In acknowledging his wedding anniversary, Obama said that "20 years ago I became the luckiest man on Earth because Michelle Obama agreed to marry me." An astute tweeter noted that 20 years ago, the first lady's last name was Robinson.

Romney The Lying Liar

How to Shit A Republican and Not Wreck Your Asshole

I, Fat Bastard rarely endorse a product but with all the shit coming out of the mouths/asses of Republicans  I am reminded just how big of a pain in the ass that they are. All of us fatties have gone to the shitter and given birth to to a giant Republican. When ever I know that a huge ass busting shit is about to come down the poop shoot I call it a Republican. When it is particular nasty and it flip flops into the brownie bowl I call it a Romney. If it is a spray of floating nuggets that just won't flush I call it a Ryan.



A big ass busting turd can do as much damage your butt hole as that butt hole George Bush did to the economy. Brute force is not the best way to purge your colon of Republicans. Like Romney you need to switch positions in order to coax these colon clogging rectal wreckers from your lower bowel.

GOP elephant giving birth to more Romneys