Tuesday, October 9, 2012

Team Obama caught in another lie over Romney's tax plan

It seems that since the debate, Team Obama has been pointing to a study that claims that Romney's tax plan doesn't add up and they keep referring to a $5 trillion figure.

THE PROBLEM IS, Harvey Rosen the Prinston economist who conducted the study, says that Team Obama is MIS-REPRESENTING his findings.

According to Harvey Rosen:
I can’t tell exactly how the Obama campaign reached that characterization of my work.  It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal.  The main conclusion of my study is that  under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same.  That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.
So When Team Obama claims that Romney's plan will raise taxes on the middle class, they are basing it on their assumptions, not Romney's.

You can check the math out HERE.

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1 comment:

Slick-Willy said...

Additionally, the only taxes on the middle class the economist offers as a potential point of confusion are the taxes that Obama has given us with Obamacare. He can't even conceive of a tax in Romney's plan that could be construed to increase the middle class' tax burden.