Saturday, October 13, 2012

New Study Finds Romney’s Tax Plan Can Only Reduce Taxes by 4% Without Increasing the Deficit


This is for all of the citizens who think that Romney should be the next President.  His tax plan is ludicrous and only ignorant Americans or the rich are in agreement with his plan! For example,

Mitt Romney is supposed to be a savvy business man. Yet the Romney/Ryan tax plan makes no economic sense.

The federal government has a massive deficit. When you are deeply in debt in business, your FIRST step is to cut expenses to the point where you're close to break even. Your next step is to INCREASE revenue (not cut revenue, which is what the tax cut does to the federal budget). The Romney/Ryan plan is to DECREASE revenue and hope for the best. They are not telling the truth to the American people.

This proves it!

New Study Finds Romney’s Tax Plan Can Only Reduce Taxes by 4% Without Increasing the Deficit

There really is no serious dispute that the parameters of their plan can’t be met. It’s like saying you’re going to drive from Boston to Los Angeles in 10 hours without speeding. There’s just no way to make the numbers add up.”
~Daniel Shaviro, a tax law professor at New York University.

Dylan Matthews
points out a letter written by the Joint Committee on Taxation to the Senate Finance Committee; it is no ordinary or inconsequential letter. The Joint Committee on Taxation is a non-partisan scorekeeper in Congress; whatever they write is to be taken as completely non-political and focused on facts and facts and facts. They conducted an experiment wherein they tried to determine if nearly every tax deduction were eliminated … how much could taxes be reduced without increasing the deficit; their finding: 4%.

Read more: http://www.classwarfareexists.com/new-study-finds-romneys-tax-plan-can-only-reduce-taxes-by-4-without-increasing-the-deficit/#ixzz29CwKu3Cz
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