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Let the fact checking begin.

Tam

Well-known member
Princeton Economist: The Math Behind Romney's Tax Plan Adds Up

11:48 AM, Oct 4, 2012 • By JOHN MCCORMACK

At last night's presidential debate, Barack Obama said that Mitt Romney's tax plan--cutting rates by 20 percent across the board and maintaining revenue neutrality by eliminating loopholes--is mathematically impossible.

"If you are lowering the rates the way you describe, Governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class," Obama said. "It's — it's math. It's arithmetic."

Obama was basing his claim on a study by the Tax Policy Center, a project of the center-left Brookings Institution and Urban Institute. But there are at least three critical flaws the the TPC study: (1) it assumes pro-growth tax reform can't actually produce economic growth, (2) it assumes two tax expenditures worth $45 billion per year are not 'on the table', and (3) it assumes tax reform must pay for repealing Obamacare's tax hikes, rather than assuming that the repeal of Obamacare's spending will pay for repealing the tax hikes. If one corrects these erroneous assumptions, the math checks out.

Tax Policy Center also said they never said what Obama claimed their first study did but then they went back and re-did the study and said Romney's plan could work.

Obama also dropped AARP into the debate and they came out this morning denying what he said.

Looks like Obama should have stayed inside and actually did some homework instead of being outside taking the edge off in the parking lot like he did in high school. :roll:

Watch for the ads to get DIRTY now this is not going to set well with Axlerod and his corrupt election team of thugs. Every dime his super pac can beg out of Hollywood will be used to flood the air waves with filthy KILL ROMNEY ADS
 

gmacbeef

Well-known member
I just saw the newest ad tonight ,paid for by some group I haven't heard of, they had probably 10-12 people saying Romney didn't care about the military, doesn't know how " dangerous" the middle East situation is & so on & how we can't elect someone like that. all BS
 
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