The
Obama campaign says that Mitt Romney plans to raise taxes on the middle
class and cites a study from the Tax Policy Center as evidence. Given
that the only sets of eyes that have seen the Romney tax plan in detail
reside in the skulls of Mitt Romney and his closest advisers — if indeed
Romney has finalized his thinking on the issue, which he probably
hasn’t — such analysis is at best speculative. That fact is clear at
least to the gentlemen at the Tax Policy Center, who have written that
if Romney’s final plan does indeed, as he has suggested, eliminate
preferential tax treatment on some specific investments — namely
interest accrued on life-insurance policies and municipal bonds, both
tax-free under current law — then, in the authors’ own words, “an
increase in the tax burden on lower and middle income individuals is not
required in order to make the overall plan revenue neutral.” The Obama
campaign is attributing to the TPC study a certainty that its authors do
not share, an act of dishonesty.
Read more: http://www.nationalreview.com/articles/316728/obama-s-tax-hike-con-editors
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