Newt Gingrich's Tax Plan

Discussion in 'Politics, Religion, Social Issues' started by guzhogi, Dec 13, 2011.

  1. guzhogi macrumors 68030

    guzhogi

    Joined:
    Aug 31, 2003
    Location:
    Wherever my feet take me…
    #1
    http://money.cnn.com/2011/12/12/news/economy/newt_gingrich_taxes/index.htm

    Just wondering how Newt plans to pay for these tax cuts? If my understanding is correct, the amount of revenue lost in one year will be more than the amount of money the super committee wants to save in 10 years.

    Does he think that once the tax cuts are in place, millions of jobs will suddenly appear and recoup the losses?

    Or will he make massive cuts to the government?

    Or just take on the deficits?
     
  2. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #2
    I am astonished that this blowhard is a serious candidate for president. It can't be fueled by anything other than ignorance.
     
  3. mkrishnan Moderator emeritus

    mkrishnan

    Joined:
    Jan 9, 2004
    Location:
    Grand Rapids, MI, USA
    #3
    Even Republicans will not be able to agree on cuts that large and that quick, especially once they realize we are not spending $1.3T on funding abortions.
     

Share This Page