Don't sell Romney short
Reader comment on: An Illuminating Yet Bizarre Debate
Submitted by David (United States), Oct 4, 2012 11:20
"I don't have a $5 trillion tax cut," Mr. Romney said at one point. "I'm not looking to cut massive taxes. There'll be no tax cut that adds to the deficit." Later, Mr. Romney said, "I will not reduce the taxes paid by upper income Americans." And again, "I 'm not in favor of a $5 trillion tax cut. That's not my plan."
If those are in fact Romney's words, I see that as a straightforward assertion (without the wonkish detail) that cutting tax RATES is not the same as cutting TAXES. This is a point that used to be the received wisdom, and is certainly borne out by the data: cutting rates invariably results in a higher share of the taxes being paid by the top income earners, and increasing the rates has the opposite effect.
So I think Romney's point is that a flatter, fairer tax structure will result in equal or greater revenues being paid by "upper income Americans." Seems quite Reaganesque to me! :-)
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Other reader comments on this item
|What a load of neo-con trash. This article is pathetic. [10 words]||Thinking Americans||Oct 9, 2012 19:03|
|Bizarre, indeed [96 words]||Mark||Oct 9, 2012 18:45|
|Plato, not [103 words]||John Gillis||Oct 4, 2012 17:38|
|Romney was right [106 words]||richard40||Oct 4, 2012 15:47|
|⇒ Don't sell Romney short [168 words]||David||Oct 4, 2012 11:20|
|Yes but... [152 words]||Dubious blogg||Oct 4, 2012 07:07|
|still welfare promo [36 words]||egoist||Oct 4, 2012 06:29|
|Oh dont ruin it Ira! [13 words]||Tingles Matthews||Oct 4, 2012 01:19|
|Leggo my Plato [40 words]||Ron Coleman||Oct 4, 2012 00:43|
|Premise Checks [24 words]||Billy Beck||Oct 4, 2012 00:32|
|The insidious power of repetition [117 words]||dennymack||Oct 4, 2012 00:19|
|Maybe? [10 words]||LL||Oct 4, 2012 00:15|
|Your first sentance captures the substance of the political discussion today. [39 words]||Lyle||Oct 3, 2012 23:48|
|↔ @Lyle - choice [95 words]||Dubious Blogg||Oct 4, 2012 09:17|
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