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Tuesday, October 02, 2012

The Impossible Math behind the Romney-Ryan Tax Plan

Nice to see this report from Catherine Rampell:

The Math on the Romney-Ryan Tax Plan, NY Times: On Fox News Sunday, Paul Ryan said that he didn't have time to explain the math behind his tax proposal. Fortunately I have a few minutes to spare, so I thought I'd pitch in. ...
There's a reason why it would take too long -- infinitely long, you could say -- to go through the math that holds this policy proposal together: because math will never hold this particular policy proposal together.
You cannot lower tax rates as much as Mr. Romney and Mr. Ryan propose to do and keep all the existing tax expenditures for middle class Americans and still end up with the same total amount of tax revenue. ... The taxes for this group, ... "middle income," would have to go up. ...

    Posted by on Tuesday, October 2, 2012 at 01:00 AM in Budget Deficit, Economics, Politics, Taxes | Permalink  Comments (17)


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