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	<title>Comments on: Here And Now</title>
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	<link>http://capitaltonightny.ynn.com/2012/08/here-and-now-587/</link>
	<description>NY&#039;s only statewide political program</description>
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		<title>By: gecannonphd</title>
		<link>http://capitaltonightny.ynn.com/2012/08/here-and-now-587/comment-page-1/#comment-37788</link>
		<dc:creator>gecannonphd</dc:creator>
		<pubDate>Mon, 13 Aug 2012 13:54:00 +0000</pubDate>
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		<description>The Romney-Ryan mantra on lower taxes on the wealthy.
*****************

Romney-Ryan (R-R) want to lower the fed. income tax rate for the top earners.
But this segment already has it very good.

R-R use the &quot;nominal&quot; top rate of 35%, and argue it is so high it de-incentivizes the job creators.

But the 35% is not the real rate. The &quot;effective&quot; rate, the real rate, is about 15%...the lowest in 30 years.

Tax lawyers and CPAs work full time reducing the &quot;nominal&quot; rate to the lowest rate legally allowed.

K Street lobbyists work full time to obtain tax credits, excemptions etc. (what wonkish budgeteers like Ryan call &quot;tax expenditures&quot;), which now total over $1 trillion ,with a T, yearly.

Ryan wants to lower the &quot;nominal&quot; rate by eliminating many expenditures.
What would, or could politically, be eliminated?

The $75 billion home mortgage deduction?
Would the Ryans,Romneys, and Obamas agree to that on their mansions?
That&#039;s a clown question, bro.!

The $120 billion employer deduction for health care?
That&#039;s another clown question, bro.!
Employers would drop health insurance for millions.

The $38 billion deduction for charitable giving?
There you go again...another clown question, bro.!

And how about eliminating the $150 billion that is saved by using off-shore tax havens?
Now that&#039;s a clown question, on steroids!

Like Jack Benny traveling over alligator-infested moats to visit his vault, Mitt like to make occasional visits to the Caymens and Bermuda to carass his stash.

Lowering &quot;nominal&quot; tax rates by eliminating expenditures will not happen.</description>
		<content:encoded><![CDATA[<p>The Romney-Ryan mantra on lower taxes on the wealthy.<br />
*****************</p>
<p>Romney-Ryan (R-R) want to lower the fed. income tax rate for the top earners.<br />
But this segment already has it very good.</p>
<p>R-R use the &#8220;nominal&#8221; top rate of 35%, and argue it is so high it de-incentivizes the job creators.</p>
<p>But the 35% is not the real rate. The &#8220;effective&#8221; rate, the real rate, is about 15%&#8230;the lowest in 30 years.</p>
<p>Tax lawyers and CPAs work full time reducing the &#8220;nominal&#8221; rate to the lowest rate legally allowed.</p>
<p>K Street lobbyists work full time to obtain tax credits, excemptions etc. (what wonkish budgeteers like Ryan call &#8220;tax expenditures&#8221;), which now total over $1 trillion ,with a T, yearly.</p>
<p>Ryan wants to lower the &#8220;nominal&#8221; rate by eliminating many expenditures.<br />
What would, or could politically, be eliminated?</p>
<p>The $75 billion home mortgage deduction?<br />
Would the Ryans,Romneys, and Obamas agree to that on their mansions?<br />
That&#8217;s a clown question, bro.!</p>
<p>The $120 billion employer deduction for health care?<br />
That&#8217;s another clown question, bro.!<br />
Employers would drop health insurance for millions.</p>
<p>The $38 billion deduction for charitable giving?<br />
There you go again&#8230;another clown question, bro.!</p>
<p>And how about eliminating the $150 billion that is saved by using off-shore tax havens?<br />
Now that&#8217;s a clown question, on steroids!</p>
<p>Like Jack Benny traveling over alligator-infested moats to visit his vault, Mitt like to make occasional visits to the Caymens and Bermuda to carass his stash.</p>
<p>Lowering &#8220;nominal&#8221; tax rates by eliminating expenditures will not happen.</p>
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		<title>By: gecannonphd</title>
		<link>http://capitaltonightny.ynn.com/2012/08/here-and-now-587/comment-page-1/#comment-37786</link>
		<dc:creator>gecannonphd</dc:creator>
		<pubDate>Mon, 13 Aug 2012 13:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://capitaltonightny.ynn.com/?p=79356#comment-37786</guid>
		<description>(City officials and police experts defended the NYPD officers who shot and killed a knife-wielding man in Times Square over the weekend, saying they did what they were trained to do. )
***************

From the media stories and the cell phone videos, this episode smacks of stupidity on the cops part.

This man apparently had a knife, not a gun.
He apparently was suspected of having pot, or selling same.
And the cops fired in the middle of 37th-38th streets, busy Times Square area.

Pot possession should be de-criminalized, and later legalized.

Possession of pot should be a violation, not a criminal offense.</description>
		<content:encoded><![CDATA[<p>(City officials and police experts defended the NYPD officers who shot and killed a knife-wielding man in Times Square over the weekend, saying they did what they were trained to do. )<br />
***************</p>
<p>From the media stories and the cell phone videos, this episode smacks of stupidity on the cops part.</p>
<p>This man apparently had a knife, not a gun.<br />
He apparently was suspected of having pot, or selling same.<br />
And the cops fired in the middle of 37th-38th streets, busy Times Square area.</p>
<p>Pot possession should be de-criminalized, and later legalized.</p>
<p>Possession of pot should be a violation, not a criminal offense.</p>
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