HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Editorials & Other Articles (Forum) » Romney's Budget Plan: $6 ...

Wed Feb 8, 2012, 06:55 PM

Romney's Budget Plan: $6 TRILLION in Lost Revenue over next decade (Tax Policy Center) - USA Today

Romney's Budget Plan doesn't Balance

The Republican front-runner has shown no sign of producing a credible plan to "get America to a balanced budget," as he promised in his Florida victory speech.

Most editorials are accompanied by an opposing view a unique USA TODAY feature that allows readers to reach conclusions based on both sides of an argument rather than just the Editorial Board's point of view.
Romney's fiscal proposals are only slightly less fantastic than the moon-colony plans of rival Newt Gingrich. Romney mixes massive and immediate tax cuts with smaller spending cuts, the biggest of which would be phased in over time. Collectively, they would make the deficit bigger over the next decade, not smaller.

Romney would make the so-called Bush tax cuts permanent, slash the top corporate income tax from 35% to 25%, eliminate the tax on inherited wealth and eliminate the tax on capital gains, dividends and interest for people making less than $200,000 a year. These and other tax cuts would reduce annual revenue by $600 billion in 2015, according to the non-partisan Tax Policy Center. That would translate to roughly $6 trillion in lost revenue over the coming decade.

1 replies, 939 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Romney's Budget Plan: $6 TRILLION in Lost Revenue over next decade (Tax Policy Center) - USA Today (Original post)
Bill USA Feb 2012 OP
1ProudAtheist Feb 2012 #1

Response to Bill USA (Original post)

Wed Feb 8, 2012, 07:16 PM

1. Romney's Hidden Agenda


Buy everything, siphon off everything of value, and send the rest to China.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread