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. FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....
In response to:
Figures do not lie but liars can figure. In a static economy with only taxes taken into consideration a 20% across the board tax cut might lower revenue by 5 trillion dollars. But in real life if you cut taxes by 5 trillion dollars, the economy will grow and there will be a surplus in the end. It has always worked that way unless the government meddling somewhere else throws a wrench in the works.
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