Romney confirms his tax cuts won’t be paid for

[Galraedia]

Mitt Romney, at a press conference today:

“The president’s ad saying I’m gonna raise taxes on the middle class? That’s patently, simply false.”

The Obama campaign has jumped on this quote today, arguing that this week's Tax Policy Center/Brookings study does shows that Romney’s plan would raise the middle class’ tax burden, and that Romney’s statement today is false. But I think this is the wrong way to look at what Romney said.

The real point to be drawn from Romney’s assertion is that he has admitted his tax cuts won’t be paid for. Which means that his plan would explode the deficit.

Read more: http://www.washingtonpost.com/blogs/plum-line/post/romney-confirms-his-tax-cuts-wont-be-paid-for/2012/08/03/85d88594-dd9e-11e1-8e43-4a3c4375504a_blog.html