Thu, Dec 18, 2014, 1:34 AM EST - U.S. Markets open in 7 hrs 56 mins

Recent

% | $
Quotes you view appear here for quick access.

Cisco Systems, Inc. Message Board

  • democrat_cocoon_gay_perversions democrat_cocoon_gay_perversions Oct 8, 2012 12:24 PM Flag

    Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan

    From "The Weekly Standard" website:

    "Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney's Tax Plan
    Last night, the Obama campaign blasted out another email claiming that Mitt Romney's tax plan would either require raising taxes on the middle class or blowing a hole in the deficit. "Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes," said the Obama campaign press release. "In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000."

    But that's not true. Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney's tax plan:

    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.

    You can check the math that shows Romney's plan is mathematically possible"

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CSCO
26.81+0.23(+0.85%)Dec 17 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.