Know facts on Paul Ryan plan

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Regarding Victor Reilly’s letter “An informed vote is vital” (Sept. 21): This title is the only statement in his letter I agree with. “Correct” information is the one thing that is missing from his letter. There is not enough space in this format to correct the misinformation in his letter, so I would encourage all voters to check the facts.

Mr. Reilly contends the Paul Ryan plan would give tax cuts to the wealthiest while cutting programs to the poor, causing people to starve in the streets. It sound like that statement came right off the Obama website.

Ryan’s plan simplifies the tax code by going from six tax rates to two with a 10-percent tax on income up to $100,000 for joint filers, and $50,000 for single filers. This represents a tax cut for this group. People making less that $50,000 likely would pay nothing, as they do now.

The rate for those making over $100,000 would be 25 percent. He also closes some tax loopholes to make his plan revenue-neutral.

As for the multitudes who would be starving in the streets as a result of Ryan’s cuts – well, Ryan’s plan only “slows” the growth of some welfare programs. Instead of growing at 10 percent each year as they do now, they would grow at 3 percent. I would encourage all voters to do their own research and not to take as “fact” any information (or misinformation) as truth.

As the quote goes, sometimes attributed to Thomas Jefferson: “If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.”

I would note one glaring subject that Mr. Reilly and Marxists refuse to acknowledge – our national debt. We now have $16-plus trillion of debt partly because of the “war on poverty” that he and others like him declared almost 50 years ago. We have lost that war, and it’s time to try something different before we all join the ranks of the poor.

Robert Sheffer

North Augusta, S.C.

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TParty
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TParty 09/24/12 - 07:25 am
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Hasn't Ryan gone out and say

Hasn't Ryan gone out and say his plans don't matter since he is following Mittens? Yes he did, so this letter is moot.

Techfan
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Techfan 09/24/12 - 08:05 am
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Doesn't the Ryan plan

Doesn't the Ryan plan eliminate taxes on capital gains and dividends? That would mean that if you didn't work and make $20 million from capital gains you'd have a zero tax rate. Nice try Robert.

allhans
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allhans 09/24/12 - 09:06 am
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Gov. Romney again stated that

Gov. Romney again stated that he is the one running for president on the "60 Minutes" program aired last evening.

Ryan, as VP , would have the same say in running the government that Joe Biden has...

faithson
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faithson 09/24/12 - 09:11 am
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aynn rand

If you like the philosophy of rugged individualism over altruism, Ryan is your man. If you think that the economic god 'profit' is the only answer to all our economic problems, Ryan is your man. If you think that unbridled capitalism, that puts self and share holders as its priority, Ryan is your man. If you want to abridge the social contract in America that allows our advanced culture to keep advancing, Ryan is your man. Last but not least, If you think the women's movement over the last 100 years is a fluke and our country should be run like the catholic church, Ryan is your man. Oh yea, one more... If you really 'believe' that corporations are PEOPLE, for sure mittens and ryan are your men.

RMSHEFF
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RMSHEFF 09/24/12 - 09:22 am
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It is correct that Ryan's

It is correct that Ryan's plan is not Romney's plan but you can count on a plan that cut taxes for ALL. This is and always has been the only way to get the economy moving. A maximum tax rate of 21 to 23 % always generates the most revenue for the federal government. It sounds like many want high taxes on the wealthy to punish them but I assure you that this direction only punishes the poor as the wealthy will find some other place for there money. This is what Obama is all about…punishing the wealthy .

mikesaul
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mikesaul 09/24/12 - 09:39 am
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That's right, TF, let's just

That's right, TF, let's just tax all investment income at 100%... after all, businesses should never be in the business of making any profits, right? That's just downright evil and anti-progressiveness, isn't it? Keep in mind that the monies those "filthy rich" used to make those investments was originally taxed at the corporate level, as well as at the individual leves, already. And the capital gains and dividends (earnings as reported by the evil corporations) have ALL been taxed prior to being distributed to those evil investors, many of whom just happen to be mutual funds and retirement accounts on which many will depend for their last years...

dichotomy
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dichotomy 09/24/12 - 10:19 am
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Well, at least Ryan HAS a

Well, at least Ryan HAS a plan. Obama and the Democrats can't even pass a 1 year budget in a 4 year term and when Obama submits his budgets he can't even get his own Democrats to vote for it.That's how bad Obama's plans are. It's not just Republican obstruction. EVEN HIS OWN PARTY WON'T VOTE FOR HIS BUDGETS. Even the Democrats know we cannot keep spending and expanding government programs. They just don't want to say it before the election.

I'm actually not in favor of ZERO tax on capital gains and dividends but I am in favor of keeping the existing rates or lowering them slightly. After all, the vast majority of investments which generate dividends or capital gains are bought with money that has already been taxed once as regular income. I am also in favor of permanently eliminating the DEATH TAX. There is absolutely no logical reason that the government should be entitled to anything that I have managed to save during my lifetime and on whichI have ALREADY PAID TAXES. The whole concept of the government taking 50% of everything you have is simply beyond explanation or justification.

Little Lamb
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Little Lamb 09/24/12 - 10:28 am
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Don't look behind the curtain

The Democrat news media attack Quayle, Palin, and Ryan. They are trying to fool all the people all the time. The presidential candidate is 1,000 times more important than the vice-presidential candidate. They news media is distracting us with trivia.

Keep focused on Romney's message, folks.

justthefacts
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justthefacts 09/24/12 - 11:19 am
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Ryan

He is definately my Man!

itsanotherday1
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itsanotherday1 09/24/12 - 11:28 am
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I have an idea, let's just do

I have an idea, let's just do away with federal income tax altogether and just tax corporations since they are the object of enmity for those on the left. After all, wasn't that the source for government income before the "income tax"? I'm all for it, how about y'all?

While we are at, let's create an American Federation of Workers that unionizes every American worker( with forced dues) below the level of corporate vice president. Unions are good, right?

These two ideas should work out just ducky for everyone shouldn't they? If not, why not?

Little Lamb
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Little Lamb 09/24/12 - 11:43 am
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Distract & Deflect

In today's Atlanta Journal/Constitution is a story about future development around Gwinnett County's minor league ballpark. One of the commenters to that article (with the screen name AuntieChrist) posted something relevant to my earlier comment:

She was talking about the lack of good reporting, and how reporters serve up trivia when there are many more important things going unreported. Here is a part of AuntieChrist's comment:

Their idea of investigative reporting mostly consists of catching petty thieves embezzling a few dollars from a public fund or catching city/county employees sleeping on the job or conducting personal business on our dime. These catfish are caught to distract us from the sharks who are feeding on our livelihood.

That applies to reporters harping on "the Ryan Plan" as if it had any meaning whatsoever.

They need to report the actual content of what Romney is saying on the stump and stop reporting all these distractions.

RMSHEFF
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RMSHEFF 09/24/12 - 11:56 am
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Always remember and apply

Always remember and apply this truth to any suggestions you may hear. Whatever
you tax you will get less of it and whatever you subsidize you will get more of it. This is evidenced in the increase use of all social welfare programs under Obama.
The same is true as the tax rates increase on those who would invest in our economy. Obama knows this and that is why you will always hear the Liberals use the term "invest" instead of spend. They have "mastered" the art of deception.

DaddyFrog
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DaddyFrog 09/24/12 - 12:11 pm
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Ryan Tax Plan

I haven't read all of Mr. Ryans plan, but if our National Debt is now 16 trillion dollars, which I think is more than our GNP, how can we pay it down without raising income taxes on everybody ? Our money is not backed by gold thanks to President Nixon, so what backs our money other than the word of the U.S. that we will pay our debts ? And why has neither party said anything about stopping taxes on Social Security ? We've already paid taxes on that money once.

TParty
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TParty 09/24/12 - 12:27 pm
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Again, Ryan's plan is not

Again, Ryan's plan is not going to happen. Newt Gingrich himself said it's "right-wing social engineering”. Romney has already come out and said he does not support a lot of things in Ryan's plan, and in fact has his own plan, and since Romney is the leader of the ticket- guess what? His own plan will be the one he pushes for.

Romney does support raising the taxes on the middle class, of course he won't call it raising taxes- like he did as Governor when he just increased the fees on things. Rather- removing all the deductions people in the middle class enjoy, saving for retirement, employer provided health insurance, home mortgage deduction, student loan interest deduction, deductions for child care expenses, and more.

We will pay more if Romney gets his way. And by we- I mean anyone who makes less than $250,000 a year.

RMSHEFF
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RMSHEFF 09/24/12 - 12:37 pm
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That is avery good question

That is avery good question DaddyFrog. The only way out of this mess is to get the economy growing at at least 5% (its growing less than 2% under Obama) while at the same time reducing the size of the Federal Government to about 18% of GNP. (It is now over 24% under Obama) It will take several years to get back on track. These percentages must change right away and Obama wants to do the opposite.

RMSHEFF
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RMSHEFF 09/24/12 - 12:45 pm
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Tparty's response is not

Tparty's response is not factual because Romney has not detailed his plan. He will be releasing these details in the next few weeks....stay tuned. We do know Obama's plan...he has been working it the last 4 years and would like to finish the destruction.

TParty
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TParty 09/24/12 - 01:24 pm
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If Romney wants to remain

If Romney wants to remain revenue neutral, while:

(From his own site)
-Make permanent, across-the-board 20 percent cut in marginal rates
-Maintain current tax rates on interest, dividends, and capital gains
-Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
-Eliminate the Death Tax
-Repeal the Alternative Minimum Tax

Then-- yeah, this is what experts have been coming up with- to make the math work.

And why not release the details now? How many days are left until elections? ~40?

RMSHEFF
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RMSHEFF 09/24/12 - 02:08 pm
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You said "Romney does support

You said "Romney does support raising the taxes on the middle class" in your first post, and in your next post from the Romney web site you wrote "(From his own site)
-Make permanent, across-the-board 20 percent cut in marginal rates
-Maintain current tax rates on interest, dividends, and capital gains
-Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
-Eliminate the Death Tax
-Repeal the Alternative Minimum Tax"

All of these item would reduce taxes on all of us. It is true some tax shelters would be done away with and we need to overhaul the entire tax code to provide an environment in which businesses can plan. As it is now no one knows what the tax rate will be next year. Romney's plan I feel sure will simplify the tax code and eliminate some on both ends of the income scale who, because of loopholes, manage to pay nothing.

The liberals will misrepresent any plan he puts forth just as they did with
Ryan's plan. Ryan lowered the top rate from 39.1 % to 25%. The liberals take these 2 numbers and the headlines read....Ryan's plan slashes taxes on the rich" when the truth is he eliminates some tax shelters for this group of high income people so they will actually "pay" 25% as apposed to the currant rate of 39.1 but after all the shelters and loopholes the effective tax rate they pay is less than 25% and in some cases much lower.

allhans
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allhans 09/24/12 - 02:41 pm
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I don't doubt that Ryan's

I don't doubt that Ryan's plan will count for something.
Romney selected him for that very reason. That doesn't mean that Romney will accept any plan Ryan comes up with in totality, but that the two of them will work together to formulate a plan that will stand a chance of approval by Congress.
Exactly what he said on "60 Minutes".

TParty
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TParty 09/24/12 - 04:49 pm
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RMSHEFF-

Did you stop reading after I posted from what I took from Romney's website?

People will paying much more, because they will not get the deductions we have been getting- all so Romney can have those bullet points that were posted. I hope Romney does release his detailed plan soon, because brillant minds in America all say the math does not work, but if they make assumptions- the middle class will paying a lot more.

Gage Creed
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Gage Creed 09/24/12 - 07:33 pm
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Some sure are quick to slam

Some sure are quick to slam the Republican (mittens?) ideas....can you please explain the plan put forth by the Democrats (obama bin lyin)....I'm sorry...that's right....the Democrats have no plan and have not had one for the past 4 years.

allhans
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allhans 09/24/12 - 09:46 pm
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I have never seen such a

I have never seen such a bunch as the Democrats of today. They lie with a straight face while looking you right in the eye. Have you noticed how they avoid a question and change the subject. A plan?
(You can laugh here)
The media could expose them - but won't..so what we have is a fight on our hands.

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