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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLOL! WSJ is pissed about Romneyhood. Lame editorial tries to defend Mitt.
The Romney Hood Fairy Tale
The false, invented analysis behind Obama's tax claims.
As he escalates his class war re-election campaign, President Obama has taken to calling Mitt Romney's economic plan "Robin Hood in reverse" or "Romney Hood." The charge is that even though Mr. Romney is proposing to cut tax rates for everybody across the board, Mr. Romney will finance this by imposing a tax increase on the middle class. His evidence is a single study by the Tax Policy Center, a liberal think tank that has long opposed cutting income tax rates.
The political left always says Daddy Warbucks gets all the tax-cut money. So this is hardly news, except that the media are treating this joint Brookings Institution and Urban Institute analysis as if it's nonpartisan gospel. In fact, it's a highly ideological tract based on false assumptions, incomplete data and dishonest analysis. In other words, it is custom made for the Obama campaign.
By the way, even the Tax Policy Center admits that "we do not score Governor Romney's plan directly as certain components of his plan are not specified in sufficient detail." But no matter, the study plows ahead to analyze features of the Romney plan that aren't even in it.
<...>
The class warriors at the Tax Policy Center add all of this up and issue the headline-grabbing opinion that it is "mathematically impossible" to reduce tax rates and close loopholes in a way that raises the same amount of revenue. They do so in part by arbitrarily claiming that Mr. Romney would never eliminate certain loopholes (such as for municipal bond interest), though the candidate has said no such thing.
- more -
http://online.wsj.com/article/SB10000872396390443792604577574910276629448.html?mod=googlenews_wsj
The false, invented analysis behind Obama's tax claims.
As he escalates his class war re-election campaign, President Obama has taken to calling Mitt Romney's economic plan "Robin Hood in reverse" or "Romney Hood." The charge is that even though Mr. Romney is proposing to cut tax rates for everybody across the board, Mr. Romney will finance this by imposing a tax increase on the middle class. His evidence is a single study by the Tax Policy Center, a liberal think tank that has long opposed cutting income tax rates.
The political left always says Daddy Warbucks gets all the tax-cut money. So this is hardly news, except that the media are treating this joint Brookings Institution and Urban Institute analysis as if it's nonpartisan gospel. In fact, it's a highly ideological tract based on false assumptions, incomplete data and dishonest analysis. In other words, it is custom made for the Obama campaign.
By the way, even the Tax Policy Center admits that "we do not score Governor Romney's plan directly as certain components of his plan are not specified in sufficient detail." But no matter, the study plows ahead to analyze features of the Romney plan that aren't even in it.
<...>
The class warriors at the Tax Policy Center add all of this up and issue the headline-grabbing opinion that it is "mathematically impossible" to reduce tax rates and close loopholes in a way that raises the same amount of revenue. They do so in part by arbitrarily claiming that Mr. Romney would never eliminate certain loopholes (such as for municipal bond interest), though the candidate has said no such thing.
- more -
http://online.wsj.com/article/SB10000872396390443792604577574910276629448.html?mod=googlenews_wsj
Obama just dubbed Romney's Tax Plan: ROMNEYHOOD!
http://www.democraticunderground.com/10021084531
#Romneyhood trending on Twitter
http://www.democraticunderground.com/10021085229
Romney Camp Cited Same Think Tank They Now Denounce As Liberal
http://www.democraticunderground.com/10021057312
Steve Benen's "Winners and Losers in Romney's Tax Plan" chart -- with top 0.1% included
http://www.democraticunderground.com/10021057512
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LOL! WSJ is pissed about Romneyhood. Lame editorial tries to defend Mitt. (Original Post)
ProSense
Aug 2012
OP
They don't like it if anyone points out their class warfare games: that's why
struggle4progress
Aug 2012
#6
lpbk2713
(42,750 posts)1. Just consider the source.
WSJ lost any credibility they might have had when they moved under the Murdoch umbrella.
hifiguy
(33,688 posts)3. Their op-ed page has been well to the right of
Attila the Hun for decades. They're still moaning about the loss of the divine right of kings.
freshwest
(53,661 posts)7. Bwahaha! So true.
NYC_SKP
(68,644 posts)2. I'm doing a doubletake on that chart, ProSense:
Is that last column for the top 1/10 of 1% indicating a $250,000 tax CUT?
lpbk2713
(42,750 posts)5. I've been meaning to tell you ...
I like your sig line pic.
BumRushDaShow
(128,706 posts)4. Ha!
They're whining again.
ProSense
(116,464 posts)8. Major-league whining.
struggle4progress
(118,268 posts)6. They don't like it if anyone points out their class warfare games: that's why
they always pre-emptively accuse the Democrats of class warfare
Tarheel_Dem
(31,228 posts)9. K&R