Guess how Mitt's economists claim tax cuts will be paid for? Trickle-down economics, of course! LOL

[reformist2]

The whole idea rests on the discredited notion that a new round of tax cuts for the wealthy will lead to significant economic growth, which will be so great they will practically eliminate the need for closing loopholes at all! Trickle-down, supply-side, Laffer Curve.... There they go again!

"So, according to the Tax Policy Center, we start out with an $86 billion hole in Romney's tax plan. But the Tax Policy Center's own calculations show that that $86 billion hole can, in fact, be filled without raising middle class taxes.

TPC's study assumes that pro-growth tax reform cannot produce any economic growth. TPC acknowledges that, according to an economic model created by Harvard professors Greg Mankiw and Matthew Weinzerl that assumes tax reform will produce economic growth, "the tax cuts would result in revenue reductions of $307 billion (instead of $360 billion)." In other words, economic growth could fill $53 billion of that $86 billion hole."

http://www.weeklystandard.com/blogs/check-math-romneys-tax-plan-doesnt-raise-middle-class-taxes_653485.html

[Cary]

1. Zombie economics

It eats "conservatives'" brains and it won't die.

[IggleDoer]

2. What a great idea ...

... because it worked so well in the past.

[Initech]

3. Textbook definition of insanity - doing the same thing over and over and expecting different results.

Reagonomics haven't worked for 40 years - unless you're a Wall St. criminal - so why would they work again?

[HopeHoops]

4. K&R - Trickle down worked just fine. I got pissed on.

[KamaAina]

5. That's why Jim Hightower calls it "tinkle-down economics"

[HopeHoops]

6. MUCH better term. MUCH better.

[porphyrian]

7. ...