Thursday, October 18, 2012

Tax Policy Center: Romney's Math Doesn't Add Up

Obama and Romney are coming up on a tie on the electoral map, which is sort of sad. It shouldn't be a close election. Romney was the best of the worst crop of GOP candidates ever introduced. Mitt has been running for president virtually all his life. Electing Mitt would be like outsourcing our government to a corporate raider.
Worse, it would validate the GOP and its obstruction tactics of the past four years. I've reached the point in the election where I try to find comfort in a Romney presidency, but can't. Mitt would only ride the Obama recovery.
Most of all I dread being in another war in the Mideast and the return of fear mongering and Bush Cheney foreign policy. I think I'd have to become one of those Americans who buries their head until 4 weeks prior to the election.
The nonpartisan Tax Policy Center has completed an examination of GOP presidential candidate Mitt Romney’s latest tax cut details — and once again found problems with the math.

During Tuesday night’s debate at Hofstra University in Hempstead, N.Y., Romney said that he could pay for his tax cut proposals by imposing a cap — he suggested $25,000 — on itemized tax deductions.

Romney wants to lower all individual rates, cut the corporate rate from 35 percent to 25 percent, end the estate tax, end the Alternative Minimum Tax and eliminate capital gains taxes. The Hill
More on Romney's sketchy tax plan.