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Joe is quoting analyses from the nonpartisan Tax Policy Center.
By Benjy Sarlin
Vice President Joe Biden charged Mitt Romney with threatening seniors Social Security benefits on Friday, opening up a new line of attack as polls show President Obama gaining ground with older voters.
If Governor Romneys plan goes into effect it could mean that every one of you would be paying more taxes on your Social Security, Biden said at a rally in retiree-heavy Boca Raton, Fla. The average senior would have to pay $460 a year more in taxes for their Social Security.
Romney has not released a detailed Social Security plan, but an analysis of his tax proposals by the nonpartisan Tax Policy Center suggests that tax exemptions for seniors benefits would likely have to be cut to pay for Romneys proposal for lower tax rates that disproportionately aid the wealthy. While Romney has disputed the studys assumptions, he has repeatedly refused to release any details as to how his tax cuts would be paid for instead, leaving his vague plan an easy mark for Democratic attacks.
Biden said in his speech that Romney cant pay for these tax breaks unless they eviscerate the rest of the budget.
More: Joe Biden Launches New Attack On Romney: Hell Tax Your Social Security Beneifts | TPM2012
Video: [ame=http://www.youtube.com/watch?v=stAKm0HKX9A&feature=player_embedded]Vice President Biden: Under Romney-Ryan Plan, Seniors Could Pay More in Social Security Taxes - YouTube[/ame]
Joe is quoting analyses from the nonpartisan Tax Policy Center.
Joe is quoting analyses from the nonpartisan Tax Policy Center.
Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.
Joe is quoting analyses from the nonpartisan Tax Policy Center.
Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.
Can you provide a more "credible" analytical source that shows Romney's tax plan won't raise Social Security taxes $460 per year?
Joe is quoting analyses from the nonpartisan Tax Policy Center.
Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.
Can you provide a more "credible" analytical source that shows Romney's tax plan won't raise Social Security taxes $460 per year?
The Tax Policy Center (TPC) is a joint venture of the Urban Institute and the Brookings Institution. Based in Washington D.C., United States, it aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner. The Center combines national experts in tax, expenditure, budget policy, and microsimulation modeling to concentrate on four overarching areas of tax policy that are critical to future debate: fair, simple and efficient taxation, social policy in the tax code, long-term implications of tax and budget choices, and state tax issues.
In 2002, tax experts who had served in the Ronald Reagan, George H.W. Bush, and Bill Clinton administrations established the Tax Policy Center to provide unbiased analysis of tax issues. The following year TPC developed a comprehensive tax simulation model to analyze the federal income tax and proposals to change it. That model has evolved to incorporate new and additional data, changes in federal tax law, and other aspects of the tax system and the economy.
Romney is like the sheriff of Nottingham: Rob the poor and give to the rich.
Joe is quoting analyses from the nonpartisan Tax Policy Center.
Most 'think tanks' with the word 'Policy' in them are leftist propaganda fronts.
Can you provide a more "credible" analytical source that shows Romney's tax plan won't raise Social Security taxes $460 per year?
Romney has not released a detailed Social Security plan, but an analysis of his tax proposals by the nonpartisan Tax Policy Center suggests that tax exemptions for seniors benefits would likely have to be cut to pay for Romneys proposal for lower tax rates that disproportionately aid the wealthy.
One of the things I have found in previous elections is that announcing my plans makes people want to vote against me!