Brookings Institute: Romney Tax plan raises taxes on 95% (major issue)

[DallasNE]

3. "The Plan Would Have To"

That is the problem. Romney has not spelled out any details so people are assuming what Romney would have to do on the revenue side. I think it is more likely that he would "pay" for the reduced revenue by sharply slashing expenses, even abolishing entired government departments. Beyond that, he would turn Medicare into a voucher system where the vouchers would only pay a small part of the insurance costs and set the country back 60 years. On Social Security the retirement age would again be increased, future benefits would not keep pace with inflation and a host of other degrading measures.