Obama Misrepresenting Romney's Tax Plan

Discussion in 'Election Forums' started by Freedomlover, Oct 8, 2012.

  1. Freedomlover
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    Freedomlover VIP Member

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    Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan


    8:45 AM, Oct 8, 2012 • By JOHN MCCORMACK

    Last night, the Obama campaign blasted out another email claiming that Mitt Romney's tax plan would either require raising taxes on the middle class or blowing a hole in the deficit. "Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes," said the Obama campaign press release. "In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000."

    But that's not true. Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney's tax plan:


    I can’t tell exactly how the Obama campaign reached that characterization of my work. It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.
     
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  2. Katzndogz
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    Katzndogz Diamond Member

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    The truth has never stopped the democrats from lying. We know how well obama's policies have worked. He has to issue a phony jobs report and even that didn't give him a boost.
     
  3. occupied
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    occupied Gold Member

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    Looks like someone is angling for an appointment, it's junk, looks like even Romney thinks the economy is just going to go back to boom times just because he is president. Spare us more faith based economic theory, trickle down and the invisible hand has already about ruined us.
     
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  4. NYcarbineer
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    NYcarbineer Diamond Member

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  5. Katzndogz
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    Katzndogz Diamond Member

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    If regime change would restore confidence among business, then yes there will be a boom time just because obama is gone.
     
  6. occupied
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    occupied Gold Member

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    No it will not, America's boom times have always been fueled by consumer credit, how's he going to fix that? America will not go on another wild consumer spending spree for a very long time.
     
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  7. Quantum Windbag
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    Quantum Windbag Gold Member

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    Faith based economic theory? Like Obama's plan to create 1 million manufacturing jobs? To reduce the debt by $4 trillion buy spending more money and hoping for economic returns orders of magnitude higher than an he has seen yet?

    You are beyond pathetic.
     
  8. Quantum Windbag
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    Quantum Windbag Gold Member

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    Let me get this straight, an economist assuming certain conditions exist in order to make a projection that favors the bad guys is evil, but another economist making the exact same assumptions in order to favor the good guys is good.

    Glad to see you aren't biased.
     
  9. kwc57
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    kwc57 BOHICA Obama

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    From Rosen himself.

    Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan | The Weekly Standard
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    We're a consumer driven economy. Consumer confidence hit a record low in February 2009, at 25.3.

    It's now 70.3.

    Thank you, President Obama.
     

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