Moonglow
Diamond Member
Mittens would promise you the Moon to get into office, why he's been running for 12 years.
Mittens had the idea that no one would research his promises.
So don't forget GOPers your taxes will rise under Romney.
WASHINGTON A small nonpartisan research center operated by professed geeks has found itself at the center of a rancorous $5 trillion debate between President Obama and Mitt Romney.
No white paper or policy manifesto put out during the presidential campaign has proved more controversial than an August study by the Washington-based Tax Policy Center, a respected nonprofit that issues studiously detailed tax analyses.
That study found, in short, that Mr. Romney could not keep all of the promises he had made on individual tax reform: including cutting marginal tax rates by 20 percent, keeping protections for investment income, not widening the deficit and not increasing the tax burden on the poor or middle class. It concluded that Mr. Romneys plan, on its face, would cut taxes for rich families and raise them for everyone else.
The detailed paper proved kindling for a political firestorm. Mr. Romney criticized the center as performing a garbage-in, garbage-out analysis and his campaign accused it of partisan bias. The Obama campaign used the centers numbers to argue that Mr. Romney had proposed a $5 trillion tax cut. Economists jumped on the bandwagon too, flinging analyses back and forth and picking apart the projections and assumptions in the report.
Mittens had the idea that no one would research his promises.
The centers claim to provide reliable, nonpartisan information comes in part from its staff makeup. It has about four dozen affiliated staff members and scholars most are economists, several are considered top experts in their fields, and a number have experience in either Republican or Democratic administrations.
It also is derived by virtue of its ownership of a highly sophisticated tax modeling system, one that took about two years to build and has a small coterie of specialists to tend it. The model resembles those used by government offices to forecast the effect of changes to the tax code, and it relies on about 150,000 anonymous tax returns and a wealth of data on pensions, education, consumer expenditures and economic growth.
Tax Policy Center in Spotlight for Its Romney Study - Yahoo! FinanceMr. Sullivan of Tax Analysts said: I like tax reform. I want to broaden the base. Its something Ive devoted my life to. And I welcome Governor Romney and the Republicans strong push, but the plan doesnt work out. Its not mathematically possible.
So don't forget GOPers your taxes will rise under Romney.