Sun Oct 14, 2012, 11:20 AM
Galraedia (2,596 posts)
Ed Gillespie Challenged On Studies Supporting Romney Tax Plan
Source: Huffington Post
WASHINGTON -- For the first time publicly, the Mitt Romney campaign was asked Sunday to defend the six studies it routinely cites as supportive of the candidate's tax plan.
The studies have been called into question for weeks now, as only one or two of them are actually academic. The rest are blog posts and op-eds, some written by the same author, others by conservative sources. One study cited was actually paid for by the campaign itself, though the campaign has since replaced that study with another.
More problematic for Romney is that a number of them reached conclusions that he would find uncomfortable. Harvard economist Martin Feldstein, for instance, said that Romney's tax plan could work mathematically if it eliminated deductions and exemptions for individuals making over $100,000 per year. A Princeton study put that figure at $200,000, though the author told Bloomberg News that the figure may need to be brought down to pay for Romney's 20 percent across-the-board reduction in tax rates.
Still, the Romney campaign continues to cite those studies, including during the presidential debates. On Sunday, Fox News' Chris Wallace asked top adviser Ed Gillespie whether that was misleading.
Read more: http://www.huffingtonpost.com/2012/10/14/romney-tax-plan-ed-gillespie_n_1964934.html?utm_hp_ref=politics
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Ed Gillespie Challenged On Studies Supporting Romney Tax Plan (Original post)
|Betsy Ross||Oct 2012||#3|
Response to Galraedia (Original post)
Sun Oct 14, 2012, 12:00 PM
Betsy Ross (3,039 posts)
3. I haven't seem the plan, but who has.
What I am guessing is this. Tax rates come down 20%, although I can't image why they would reduce rates on the working class. SOME exemptions and deductions could be eliminated for those making X. But I think the key would be reducing or eliminating capital gains taxes to enable the rich to benefit most.