Sunday, August 5, 2012
Tax Policy Center Analysis Of Romney's Tax Policy
It is mathematically impossible to cut the tax rates, as he proposes, and to pay for them by eliminating tax deductions. His plan also fails to increase economic growth enough to help pay for the tax cuts provided primarily to the rich. Drastic reductions in social welfare programs would be required to pay for the tax cuts. In other words, the conservative Tax Policy Center's analysis shows that Romney does not have a plan at all. The intent is there to cut taxes for the rich with no way to pay for them without destroying Medicare, Social Security and other social welfare programs.