Mitt's tax plan: Cut taxes for the rich, raise them on everyone else (user search)
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  Mitt's tax plan: Cut taxes for the rich, raise them on everyone else (search mode)
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Author Topic: Mitt's tax plan: Cut taxes for the rich, raise them on everyone else  (Read 13557 times)
Likely Voter
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Junior Chimp
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« on: August 02, 2012, 11:28:04 AM »
« edited: August 02, 2012, 11:30:08 AM by Retroactively Retired Voter »

The Tax Policy Institute actually did even run the model with generous growth assumptions and still concluded that the only way to remain revenue neutral Romney's plan would have to raise taxes on the middle to pay for the 1%. But of course Romney would never actually propose such a thing, what he is proposing is something that just doesn't add up.

Romney is saying he will keep Bush tax cuts, add new tax cuts, increase defense spending, and maintain revenue. He has also talked about balancing the budget.   When asked for what he would cut in terms of spending and tax exemptions he refuses to say so its impossible to score but basic common sense says that it just wont add up.

The question is, can he go through an entire campaign by saying "I'll give you the details after I'm elected".

Remember it was Romney who was pretty hard on Cain back when he and 999 were riding high. It was Romney pressing him in the debates for details, like how it created a new sales tax on top of current sales taxes. And, ironically, it was Romney's campaign that touted this same Tax Policy Institute when it pointed out the problems in Perry's tax plan.
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Likely Voter
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Junior Chimp
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Posts: 8,344


« Reply #1 on: August 03, 2012, 12:12:06 PM »

Basically Romney is hoping that he can rely on people's general ignorance in how the tax code and budget works. He offers specifics on the goodies (tax cuts and more military spending) and gets vague on the pain (budget cuts and deduction cuts). Then waves the magic "resulting growth" wand over it all.

In a world where people think the budget can be balanced without cutting any programs that they like (because cutting PBS and int'l aid should be enough to wipe out the deficit right?), Romney figures he can get away with it.
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