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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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  •  If really offsets tax cuts with deduction cuts.. (2+ / 0-)
    Recommended by:
    714day, JerryNA

    If Romney really would offset the cuts with deduction caps or even eliminating other breaks -- especially for higher-income earners -- then it's a logical fallacy to claim that the tax cuts would put more money in the pockets of employers.

    In which case, there won't be the economic growth -- even if you accepted the dubious proposition that a tax cut, by itself will generate much economic growth.

    Coming Soon -- to an Internet connection near you: Armisticeproject.org

    by FischFry on Wed Oct 10, 2012 at 09:56:45 AM PDT

    [ Parent ]

    •  Obama actually mentioned this, (1+ / 0-)
      Recommended by:
      pollwatcher

      though he was a bit tardy with the statement and it seemed almost as if it was a throwaway line.

      •  I think Obama made a different point (0+ / 0-)

        He kept going back to the study that said if the rich were going to get real tax cuts and the policy (I can't call it a plan) would remain revenue neutral, then middle class folks would be forced to pay about $2000 a head.

        I didn't hear Obama refer to the idea that reforms which offset any tax cuts would remove any economic stimulus effect of the so-called tax cuts. If he did make the point, I missed it.

        Coming Soon -- to an Internet connection near you: Armisticeproject.org

        by FischFry on Wed Oct 10, 2012 at 07:27:20 PM PDT

        [ Parent ]

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