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Thu Aug 2, 2012, 07:13 PM

NYT on Romney's "increasingly desperate attempts" to dismiss a study of his tax plan

Romney’s Tax Hike

By DAVID FIRESTONE

The Romney campaign’s increasingly desperate attempts to dismiss a new study of its tax plan are a pretty good sign that the study is devastating...It’s been well known for a while that Mr. Romney’s tax plan was a mathematical impossibility. He promised to reduce marginal tax rates by 20 percent, eliminate the estate tax and the alternative minimum tax, and end the capital gains tax for middle-income taxpayers – all while not lowering the amount of revenue coming into the treasury. Mr. Romney said he would offset those losses by ending a series of loopholes, but has yet to cite a single loophole he would delete.

<...>

The Romney campaign called the study “a joke” for not taking into account the explosion of economic growth that tax cuts and a reduction in spending will automatically produce. (No details, of course, on how much growth or what precisely would cause it.) But the study’s authors did consider that possibility. Even when they added an unrealistic amount of economic growth to their model, they still couldn’t find a way for the tax cuts to pay for themselves.

Mr. Romney managed to skate through the primaries with an empty grab-bag of tax giveaways, and may have thought that anti-Obama anger would let him get away with it in the general election, too. A definitive study like this one makes it clear his hollowness will have a heavy price.

http://takingnote.blogs.nytimes.com/2012/08/02/romneys-tax-hike/

Ouch!

New Obama ad: 'Romney's tax plan? He pays less. You pay more.'
http://www.democraticunderground.com/10021061091

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Reply NYT on Romney's "increasingly desperate attempts" to dismiss a study of his tax plan (Original post)
ProSense Aug 2012 OP
flamingdem Aug 2012 #1
RedStateLiberal Aug 2012 #2
geckosfeet Aug 2012 #3
Flatpicker Aug 2012 #4

Response to ProSense (Original post)

Thu Aug 2, 2012, 07:47 PM

1. Mitt, a pitbull has your pants leg

and she won't let go until you cough them up!

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Response to ProSense (Original post)

Thu Aug 2, 2012, 07:47 PM

2. Desperate is so right.

Today he claimed he'll create 12 million jobs. How? Nobody knows because he gives zero details.

All those tax cuts for the rich will just trickle on down to the rest of us just like they always do...

Next he'll be promising a car elevator in every house if he thinks that will help him win.

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Response to ProSense (Original post)

Thu Aug 2, 2012, 09:54 PM

3. "Explosion of economic growth". Don't forget the free ponies and ice cream.

Lower than whale shit I say.

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Response to ProSense (Original post)

Thu Aug 2, 2012, 10:03 PM

4. Gambling with our future

So Mitt is asking us to Trust him and Gamble on "Explosive Growth".

Sorry Mitt, you are too much the used car salesman for my tastes.

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