Tuesday, September 11, 2012
The Implications Of Romney's Deficit Reduction Plan
This article provides a good analysis of what can be derived from the incomplete budget plan that has been proposed by Mitt Romney. His plan may not even reduce budget deficits because it makes assumptions about increases in economic growth that will come from his proposed tax cuts. Even if we grant him the assumptions that he makes, it is still a bad plan. It shifts more of the tax burden to the middle class which increases income inequality, and it limits investments in the future that are needed to close the job gap that resulted from the recession.