Mitt Romney Shreds The Study That Tore Apart His Tax Plan: 'They Made Garbage Assumptions'

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Mitt Romney blasted a Tax Policy Center study that found his tax plan would effectively raise taxes on the middle class and cut them for higher-income earners, saying the researchers made "garbage assumptions" about his plan.

Romney sat down for a wide-ranging interview with Fortune magazine. Here's his harsh criticism for the center's study.

I indicated as I announced my tax plan that the key principles included the following. First, that high-income people would continue to pay the same share of the tax burden that they do today. And second, that there would be a reduction in taxes paid by middle-income taxpayers. Those are the key principles of my plan that the Tax Policy Center chose to ignore. Instead they made various assumptions about what they thought I would do which are not in fact accurate. They made an assumption that I would reduce the home mortgage-interest deduction. I will not do that for middle-income taxpayers, as I have already indicated. There's an old expression in the computer world: garbage in, garbage out. They made garbage assumptions and they reached a garbage conclusion. My tax policy will continue to have a very clear direction. We are not going reduce the share of taxes paid by high-income individuals, and we're certainly not going to increase the taxes paid by middle-income taxpayers.

The problem: Romney doesn't really offer many specifics to his tax plan, which was a major criticism from the TPC. The TPC went out of its way to be fair to Romney and found that under a revenue-neutral model, Romney's tax plan is mathematically impossible.


Read more: http://www.businessinsider.com/mitt-romney-tax-plan-study-returns-rate-rich-2012-8#ixzz23fuJ1oYM

[Lone_Star_Dem]

1. "This is what an angry and reckless study looks like!"

Poor Romney, every one is telling evil truths on him.

[NeverEnuff]

2. Assumptions

Yes Mitt. They thought you had a real plan.

[MariaM83]

3. Um, maybe if you had a plan with actual details, they wouldn't have needed to make assumptions?

kind of like with your tax returns?

[jmowreader]

4. Romney can't offer many specifics to his plan because he knows it will kill his chances of election

There are three possible scenarios with Romney's plan, and all of them are disastrous: the deficit will go through the roof, middle-class taxes will go through the roof, or rich people's taxes will go up two percent and the Koch brothers will have him impeached for not properly deducting his dancing horse. (If you can impeach a president for lying about a BJ, you should be able to impeach one just for owning a dancing horse.)

IIRC the Democrats have analyzed Romney's plan and determined that it will increase the deficit in the short term and not manage to balance the budget for thirty years--IF all the assumptions it makes prove to be accurate.

[gkhouston]

5. Then prove them wrong. Show your math. n/t

[Angry Dragon]

6. Willard is not a computer

Facts in, garbage out

[DCKit]

7. Garbage In, Garbage Out. It's just that simple. nt

[Ikonoklast]

8. What "plan"? Romney has no "plan".

If he did have one, it's quite simple, and it will destroy the economy of this nation within two years.