Skip to main content

Last night I had another uncomfortable experience with a flim flam man.  Only this time I caught him in the act.  My previous experience with a flim flam man occurred in 2006 when I bought a new car.  The salesman was very personable, spent much time gaining our trust before he closed the deal.  The only thing that seemed amiss happened when we went to pick up the car.  He stood in one spot next to the driver's door while we walked around the car.  It turned out he was hiding a crimp in the door, damage that occurred in transit or at the dealership.  A defect allowed the door to be extended too far -- so far that the front edge of the door ran into the hinge crimping a quarter inch wide strip like an accordion. Because he hid the defect with his body, we picked up the car and only noticed the damage when we got home.  This is a flim flam man.  A trickster.  And last night I saw another.

Romney was asked about his plans for deductions. The flim flam man responded with a carefully crafted speech that made it appear he said one thing but meant another.

Now, how about deductions? 'Cause I'm going to bring rates down
across the board for everybody, but I'm going to limit deductions and
exemptions and credits, particularly for people at the high end,
because I am not going to have people at the high end pay less than
they're paying now.

The top 5 percent of taxpayers will continue to pay 60 percent of
the income tax the nation collects. So that'll stay the same.

That first part made it clear the people "at the high end" were not going to get a tax break -- until he explained it with
"The top 5 percent of taxpayers will continue to pay 60 percent of the income tax the nation collects."
 and he repeated it again:
And I will not - I will not under any circumstances, reduce the
share that's being paid by the highest income taxpayers.
So it's there right in front of you, like a shiny new car, waiting to be embraced.  But here's the thing.  If "the high end" are going to continue to pay the same share, if the middle class gets a tax cut, the "high end" will too.  Otherwise their share would go up and the flim flam man has never said they would pay a greater share. In concrete terms, if the middle class gets a 20% tax break, Mitt's tax rate would have to go from 14% to 11% if his share is to remain the same. And as another recommended diary has pointed out, his target is even lower.  The only way to lower Mitt's taxes would be to lower the capital gains rate -- which he plans to eliminate.
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site