Will Romney Raise Taxes on the Middle Class?
The President keeps insisting that Mitt Romney is planning to raise taxes on the middle class, in order to provide for a tax cut for the rich. Why, he even dubbed his challenger Romney Hood, to much laughter.
But Romneys stipulated plans do not call for any tax increase; instead, as we see in the Ryan Plan, he will be calling for a massive tax cut across all levels.
So why would the President, and other parroting Democrats, make such a claim?
The President is citing an analysis prepared for him by the Brookings-Urban Institute Tax Policy Center (TPC). The TPC reviewed Romneys tax reformation proposals, and decided that they would work, provided all aspects of it were followed.
But then the TPC decided that wasnt likely; no way would Mitt Romney agree to every aspect of his own proposal. See, in addition to reducing taxes, Romney intends to close some well-known loopholes that allow the mega-rich to skirt out of paying any taxes whatsoever. You read that rightthis should be the class warfare mavens dream scenario: Romney is going to force some wealthy people to cough up some tax money again, like everybody else.
Well, no way would Romney actually do that, the TPC decided. For one, he would probably not close a loophole that allows people to avoid paying taxes on interest earned from municipal bonds or from life insurance savings. Why would he do that?
Therefore, the TPC concluded, the only way he could make up that loss of revenue, estimated by them to be about $86 billion, is by sticking it in tax increases on the middle class.
Actually, that seems to be a Democrat solution to most things. In fact, Romneys campaign has repeated its insistence that those two loopholes must be closed. Whatever, says the TPC.
So let us review: Romney has a plan to lower taxes and raise revenues. The TPC decides that their prejudice against Republicans overrides what Romney actually said he would do, and that Romney would be forced to act like a Democrat and raise taxes whenever there is doubt about revenue generation. Because thats what we understand, they might well have added.
This is evidently what the President believes, too, because he keeps repeating it.
Meanwhile, the President has called for a large increase on taxes. How, we wonder, does he intend to explain this? Actually, he isnt explaining anything at all, because no one is forcing him to.
And meanwhile, when Paul Ryan was asked what evidence he has that his plan is better than Obamas, he replied Math. Obviously, he didnt realize that its permissible for him to just make things up.
Good for him.
Божію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes of Russia in 1267, and was cheated out of total control of all Russia upon the death of Boris Mikhailovich, who replaced Alexander Yaroslav Nevsky in 1263. However, in 1283, our Czar was passed over due to a clerical error and the rule of all Russia went to his second cousin Daniil (Даниил Александрович), whom Czar still resents. As a half-hearted apology, the Czar was awarded control over Muscovy, inconveniently located 5,000 miles away just outside Chicago. He now spends his time seething about this and writing about other stuff that bothers him.