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The Minnesota Daily

Serving the UMN community since 1900

The Minnesota Daily

Serving the UMN community since 1900

The Minnesota Daily

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GOP’s plot to pamper the rich

Romney and Ryan may not give us tax loophole details, but their economic plans do tell us where their priorities are.

The Republican Party is, supposedly, more focused on the economy than social issues. This is evidenced by the attacks against the Democratic National Convention, as well as Ann Romney, the wife of Republican presidential nominee Mitt Romney, declaring last Sunday that voters care more about the economy.

Never mind the recent Pew Research poll that shows that only 46 percent of women voters under the age of 50 view contraception as an important voting issue and that only 28 percent of voters view gay marriage as a “very important” factor. Let us instead look toward the economic questions that reporters are asking Romney and Republican vice presidential nominee Paul Ryan.

The issue of tax loopholes is a great example. Both Romney and Ryan have pledged to close them but do not say which ones they would end.

When George Stephanopoulos asked Ryan for specifics on ABC’s “This Week” last Sunday,  he said, “We want to have this debate with Congress, and we want to do this with the consent of the elected representatives of the people …”

On NBC’s “Meet the Press,” David Gregory asked Romney the same question. “Well, I can tell you that people at the high end, high-income taxpayers, are going to have fewer deductions and exemptions,” Romney said.

We cannot ask about controversial social issues, but when we ask about the economy, all we get are generalized talking points? We don’t need them to tell us what they have to offer, though, for their tax plans already paint a clear picture.

According to an Urban-Brookings Tax Policy Center study of Romney’s plan, the after-tax income of millionaires would go up by 4.1 percent, increasing taxes for the rest of us. Ryan’s “Path to Prosperity” would slash taxes by 12.5 percent for millionaires while increasing taxes for those making less than $30,000, according to the Center on Budget and Policy Priorities.

The choice of nominees for the GOP clearly shows who they really work for: the rich.

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