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View Diary: Mitt Romney reveals his magical tax plan math. And it looks just like Bush's. (152 comments)

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  •  How much growth? (1+ / 0-)
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    VeloDramatic

    If Romeny reduced the tax rate by 20% and limited deductions to $50,000 how much will the economy need to grow to make up for the lost revenue? And when was the last time that the economy grew by that much. And how much did the economy grow by when Bush or Regan did the same? It seems like there would be a fairly specific rate of growth needed and would most likely be wildly unrealistic.

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