Romney’s Conflicting Tax Goals Make Burden Shift Likely

[Judi Lynn]

Romney’s Conflicting Tax Goals Make Burden Shift Likely
By Richard Rubin on May 02, 2012

Republican presidential candidate Mitt Romney’s tax plan rests on a set of principles that, taken together, are difficult to reconcile.

Romney wants to reduce individual income tax rates by 20 percent, keep preferential rates for capital gains and dividends, broaden the tax base to limit revenue loss, and retain the tax-burden distribution across income groups.

Those goals are in conflict and will require that Romney consider limiting or eliminating the tax breaks for charitable deductions and home mortgage interest, said Martin Sullivan, contributing editor at Tax Analysts in Falls Church, Virginia.

“As soon as he gets in, he’s going to have to start backpedaling big-time on all of his promises,” Sullivan said. “It’s just not doable under any conceivable, realistic scenario.”

More:
http://www.businessweek.com/news/2012-05-02/romney-s-conflicting-tax-goals-make-burden-shift-likely

[Suji to Seoul]

1. But it sounds good, and that's all the rubs that will vote for him need to hear

Tax. . .and either the word "lower" or "cut."

[Cosmocat]

3. broadening the tax base

this has become the go to move for them now, hard to rebutt that at the superficial level these issues get played out on.

[mojitojoe]

2. So Romnet will have to backpedal on all his promises?

Who'd a thunk it? </sarcasm>