NYcarbineer
Diamond Member
...not to mention, to Romney's fanciful claims...
...by a very conservative guy from the very conservative 'Human Events'.
Lets be honest: No one is closing tax loopholes
After the lack of journalistic vigor displayed during Barack Obamas magnificently ambiguous 2008 campaign, its comforting to see so many reporters clamoring for details about Mitt Romneys policy proposals.
Romney, you see, has a tax plan a vague plan that relies on the sound notion that tax cuts can generate economic growth and even, consequently, raise revenue. Many in the media disagree. But as Harvey S. Rosen, an economist at Princeton University, recently wrote (pdf), under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on high-income individuals about the same.
The problem is that keeping the plan revenue-neutral on paper can be achieved only by closing tax loopholes. Which loopholes? We dont know. Romney, as vice presidential candidate Paul Ryan explained, believes the best way to do this is to show the framework, show the outlines of these plans and then to work with Congress to do this. Thats how you get things done.
This might be solid political reasoning, but in reality, its not going to happen. And the problem isnt that wealthy oil barons or special interest lobbyists love loopholes (they do); its because we do....
Read on here:
Harsanyi: Let's Be Honest: No One Is Closing Tax Loopholes - conservative news
He's telling you what I've been telling you; at least now you can't dismiss it as the rant of some liberal.
...by a very conservative guy from the very conservative 'Human Events'.
Lets be honest: No one is closing tax loopholes
After the lack of journalistic vigor displayed during Barack Obamas magnificently ambiguous 2008 campaign, its comforting to see so many reporters clamoring for details about Mitt Romneys policy proposals.
Romney, you see, has a tax plan a vague plan that relies on the sound notion that tax cuts can generate economic growth and even, consequently, raise revenue. Many in the media disagree. But as Harvey S. Rosen, an economist at Princeton University, recently wrote (pdf), under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on high-income individuals about the same.
The problem is that keeping the plan revenue-neutral on paper can be achieved only by closing tax loopholes. Which loopholes? We dont know. Romney, as vice presidential candidate Paul Ryan explained, believes the best way to do this is to show the framework, show the outlines of these plans and then to work with Congress to do this. Thats how you get things done.
This might be solid political reasoning, but in reality, its not going to happen. And the problem isnt that wealthy oil barons or special interest lobbyists love loopholes (they do); its because we do....
Read on here:
Harsanyi: Let's Be Honest: No One Is Closing Tax Loopholes - conservative news
He's telling you what I've been telling you; at least now you can't dismiss it as the rant of some liberal.
