Romney aide: Tax Study Ignores The Coming Romney Boom

[Bill USA]

http://2012.talkingpointsmemo.com/2012/08/romney-aide-biased-tax-study-ignores-the-coming-romney-boom.php?ref=fpa

Mitt Romney’s policy director Lanhee Chen claims that a new study showing 95% of Americans would see a tax hike under Romney’s tax reform plan is “biased” and fails to take into account the explosion of economic growth that will occur under Romney’s administration.

“This is just another biased study from a former Obama staffer that ignores critical parts of Governor Romney’s tax reform program, which will help the middle class and promote faster economic growth,” Chen wrote in a statement Monday evening in response to the study by the Tax Policy Center released earlier in the day.

“The study analyzes only half of Governor Romney’s tax program, ignoring the reforms that would make America’s corporations more competitive by moving from the highest corporate tax rate in the industrialized world to one that is comparable to our trading partners. And the study ignores the positive benefits to economic growth from both the corporate tax plan and the deficit reduction called for in the Romney plan. These glaring gaps invalidate the report’s conclusions.”

As noted by Chen, one of the study’s co-authors, Adam Looney, is a former economic adviser to Obama. Another co-author, however, sat on George H.W. Bush’s Council of Economic Advisers. The Tax Poice Center is a join project of the Urban Institute and Brookings Institution, which are independent and non-partisan but generally considered left of center. In the past, Romney’s own campaign has often referred to the same group’s findings when they’ve evaluated his Republican opponents’ policies, in one press release describing the Tax Policy Center as an “objective, third-party analysis.”
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I guess the Romney flak is thinking of that wonderful boom period wrought by a similar tax plan which gave most of the tax cuts to the highest income people and thus increased the tax burden on the middle class during the Bush administration which, along with the DEREGULATION of financial markets (also promised by Romney) produced the wonderful prosperity of the TRICKLE DOWN DEREGULATION DISASTER of 2008.

[font size="3"]"Gee I wonder if Mr. Romney will bring us prosperity like Mr. Hoover did."[/font]

[phantom power]

1. damn, that is some cargo cult shit

[Gothmog]

2. Romney evidently believes in the Tax Cut Fairy

I still remember bush and cheney telling us that their tax cuts would be paid for by the increase economic growth and that the bush/cheney tax cuts would pay for themselves. Evidently magical tax cut fairies were suppose to generate so much ecumenic growth that the bush tax cuts would be paid for.

The Romney plan evidently depends on same magical beings who will somehow cause the economy to grow due to the additional tax cuts. Tax cuts did not work under bush and more tax cuts will not work for Romney.

[liberal N proud]

3. The Romney boom:

[patrice]

4. Somebody needs to tell Romney that we all know if or when he and his 1% buddies ever bring OUR

money back from those FOREIGN banks, there's going to be all kinds of trap-doors, oubliettes, and strings and conditions and all sorts of crap attached to it, little or NONE of which will have one goddamned thing to do with the well-being of Americans.

[patrice]

5. FREE the People!!! Audit the Fed! LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR

[1StrongBlackMan]

6. Okay, I'm gonna ask one more again ...

The study analyzes only half of Governor Romney’s tax program, ignoring the reforms that would make America’s corporations more competitive by moving from the highest corporate tax rate in the industrialized world to one that is comparable to our trading partners.

This will increase corporate profits and put more money in the pockets of the investors and owners; but how will that "help the middle class [or] promote faster economic growth for the middleclass?

And the study ignores the positive benefits to economic growth from both the corporate tax plan and the deficit reduction called for in the Romney plan. These glaring gaps invalidate the report’s conclusions.”

Again ... How will the middleclass be benefited by "fixing" the CORPORATE tax rate AND RAISING the middleclass tax rate?

Again, again ... doesn't the report indicate that the tax plan "savings" will be eaten up by the cuts to the wealthy? What will be left over for the deficit reduction, that will have no immediate beneficial impact on the middleclass?

Someone help me out ...

SOMEONE IN THE LIBERAL MEDIA ASK THE DAMNED QUESTION!

[Brigid]

7. We've been hearing this crap for over 30 years now.

Good Lord.