In response to:

Cutter: Okay Fine, We've Been Lying About Romney's Tax Plan

AmyDB Wrote: Oct 07, 2012 12:05 AM
I shredded this load of straw yesterday Red. There are a few things that Romney stressed which this lovely little piece of toilet paper disregard. In the report you referenced there is no increase in economic growth allowed, no base boradening, which is one of the things Romney stressed. The reason the report did not make allowances for the increase in tax base is because "As Brill and Viard summarize, “lowering statutory tax rates while broadening the income tax base generally does not reduce work disincentives because it leaves the relevant effective tax rates unchanged." Now if, as Romney proposed, the tax rates came down then this would ignite even more growth. This is what Romney proposes.

One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families.  Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans.  Romney flatly rejected the claim by calling it false, then explained what he actually has in mind.  But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger. and CNN reviewed Obama's accusation, and found it wanting....