Why We Need Obama Now
An animated short about the big choice in 2012’s presidential election, by Simpsons / Family Guy animator Lucas Gray.
An animated short about the big choice in 2012’s presidential election, by Simpsons / Family Guy animator Lucas Gray.
Don’t see the fuss — it’s not like the White House has never been inhabited by feather-puffing puppets in the past.
Easy pitches courtesy of the current US tax code.
The Article: The Final Word on Mitt Romney’s Tax Plan by Josh Barro in Bloomberg.
The Text: Mitt Romney’s campaign says I’m full of it. I said Romney’s tax plan is mathematically impossible: he can’t simultaneously keep his pledges to cut tax rates 20 percent and repeal the estate tax and alternative minimum tax; broaden the tax base enough to avoid growing the deficit; and not raise taxes on the middle class. They say they have six independent studies — six! — that “have confirmed the soundness of the Governor’s tax plan,” and so I should stop whining. Let’s take a tour of those studies and see how they measure up.
The Romney campaign sent over a list of the studies, but they are perhaps more accurately described as “analyses,” since four of them are blog posts or op-eds. I’m not hating — I blog for a living — but I don’t generally describe my posts as “studies.”
None of the analyses do what Romney’s campaign says: show that his tax plan is sound. I’m going to walk through them individually, but first I want to make a broad point.
The Tax Policy Center paper that sparked this discussion found that Romney’s plan couldn’t work because his tax rate cuts would provide $86 billion more in tax relief to people making over $200,000 than Romney could recoup by eliminating tax expenditures for that group. That means his plan is necessarily a tax cut for the rich, so if Romney keeps his promise not to grow the deficit, he’ll have to raise taxes on the middle class.
Gentle and breezy as the amber leaves falling to the ground, Rhye’s “The Fall” is the only companion you need while taking an early evening stroll.