Romney's Tax Plan Does Not Affect Middle Class

Discussion in 'Politics' started by Freedomlover, Oct 8, 2012.

  1. Freedomlover
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    Freedomlover VIP Member

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    The following article quotes the author of the study Obama referenced in the debate concerning how Romney's tax plan affects the middle class.


    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.
     
  2. Old Rocks
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    Old Rocks Diamond Member

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    And walk on water at the same time. We were sold this shit in 2001. And look where it landed us. Just another break for the very wealthy that the working poor and middle class will be expected to pay off.
     
  3. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    Sorry old rocks, we were also sold ethanol was the future....oh wait HIGHER gas prices and HIGHER FOOD prices...thanks to you you global warming environmentalists.....wooohooo....we need more public transportation......aka loss of freedom
     
  4. davidlee
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    davidlee Member

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    The anointed one is doing such a great job. How can people back the anointed one
     

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