Showing posts with label Alex Brill. Show all posts
Showing posts with label Alex Brill. Show all posts
Tuesday, October 02, 2012
From AEI, one more weak whack at TPC's debunk of Romney's tax reform "plan"
Ever since the Tax Policy Center exposed the plain fact that Romney's proposal to render a 20% cut in marginal income tax rates "revenue neutral" with unspecified tax loophole closures without raising taxes on the middle class is mathematically impossible, GOP apologists have taken serial attempts to square the circle and fill in the blanks that Romney refuses to fill in.
First, the Wall Street Journal editorial board attempted a laughable debunk, which relied mainly on assuming that the rate cut would stimulate fantastic growth rates-- the old voodoo economics assumption. As I pointed out at the time, the TPC had already granted Romney the most generous "dynamic scoring" (projections building in the assumption that the plan would spur growth) that any reality-based economist would grant.
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