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View Diary: It's time for some jujitsu on Mitt Romney's tax plan voodoo (73 comments)

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  •  Chris Hayes hit the nail on the head (3+ / 0-)
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    susanWAstate, grollen, Calamity Jean

    this morning when comparing Romney's pivot (read: lie) on his tax plan was reminiscent of GWB during 2000. He makes the claim that the wealthiest Americans will pay the same or larger share of taxes under his plan.

    This is some seriously disingenuous wordsmithing. He doesn't say that they won't pay a lower rate.

    Of course they'll pay the same or a larger share of taxes, since more and more income will be concentrated at the top, there is more income to pay taxes on.

    This is one of those truly insidious Frank Luntz-focus grouped-phrases that the average Joe or Jane loves to hear. It's not really lying in and of itself, but the intention is truly dishonest and meant to mislead.

    Also, think about this for a moment; Romney plans to extend the Bush tax cuts at a cost of $3 trillion over the next decade PLUS add on an additional $5 trillion in new tax breaks, targeted at the wealthiest Americans. Add on his proposed $2 trillion in defense spending(for contractors, not military) and you end up with a grand total of $10 trillion in reduced revenue and new spending over the next 10 years.

    That's enough to fund Big Bird, PBS, and the Corporation for Public Broadcasting for something like the next 22,000 years!

    •  Your math (0+ / 0-)

      is almost as bad as that portrayed at the debate.  Sicne we are currently spending the $3 trillion for the Bush tax cuts, and $2 trillion in defense spending, how does that add up to new spending?  Sounds like more Washington hand waving to me.  Caeful scrutiny tells me that the reduced revenue is close to zero.  Granted, that does not contribute to deficit reduction, but a far cry from $10 trillion in new spending.

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