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:
You did nothing of the sort. The Tax Policy Center has Reagan people in it. They have a pretty good idea of tax policy and how it affects the economy. You're analysis assumes that reducing a 70% tax rate is the same as reducing a 30% tax rate. Or in Romney's case, a 14% tax rate. They are not the same. There is a rate of diminishing returns. You are asking me to choose between the non-partisan Tax Policy Center along with Ronald Reagan senior economic adviser Bruce Bartlett on the one hand, or you on the other. Guess what I'm going to do?
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