Fox Host Challenges ‘Hardly Non-Partisan Studies’ Romney Cites To Defend Tax Plan
By Rebecca Leber on Oct 14, 2012 at 11:40 am
For more than a month, Mitt Romney has cited six debunked studies to support his mathematically impossible plan to cut tax rates by 20 percent, while balancing the budget without raising taxes on the middle class. On Sunday, Fox News Sunday host Chris Wallace pressed senior Romney adviser Ed Gillespie on the credibility of these six studies, noting that each of them have serious issues:
But there is one study the Romney campaign hasn’t used. The Tax Policy Center found that Romney would need to raise taxes on the middle class even if he closed every single tax loophole for the wealthy. Mark Zandi, chief economist of Moody’s Economy and an adviser to the 2008 McCain campaign, called that study the “definitive” one on Romney’s plan
So if actually none of the "studies" are actual studies but partisan blogs and lobbying groups, it is clear that Romney will not be able to reduce the deficit/debt, with his tax plan. Then Obama was telling the truth on the first debate. Secondly it seems that the republicans dont really care about reducing the deficit/debt they just want to do it in their own way. Which other issues will turn out this same way when the truth finally comes out?
By Rebecca Leber on Oct 14, 2012 at 11:40 am
For more than a month, Mitt Romney has cited six debunked studies to support his mathematically impossible plan to cut tax rates by 20 percent, while balancing the budget without raising taxes on the middle class. On Sunday, Fox News Sunday host Chris Wallace pressed senior Romney adviser Ed Gillespie on the credibility of these six studies, noting that each of them have serious issues:
GILLESPIE: Six different studies have said this is entirely doable.
WALLACE: Those are very questionable. Some of them are blogs, some of them are from AEI, an independent group.
GILLESPIE: These are very credible sources.
WALLACE: One of them is a blog from a guy who was a top adviser for George W. Bush. These are hardly non-partisan studies.
GILLESPIE: Look Chris these AEI and other studies are very credible sources of analysis
Two of the six studies are Wall Street Journal editorials that repeat familiar Republican talking points without crunching any numbers. Wallace pointed out a third study from former Bush adviser Harvey Rosen, which assumes Romney’s plan would generate enough economic growth to pay for the revenue loss, the same tax logic used by George W. Bush. Yet another one of the six studies is a white paper from the Romney campaign itself. Even an AEI tax expert suggested Romney’s math wouldn’t work, saying “he’s going to need to cut rates significantly less than 20 percent if he wants to honor his other goals.”WALLACE: Those are very questionable. Some of them are blogs, some of them are from AEI, an independent group.
GILLESPIE: These are very credible sources.
WALLACE: One of them is a blog from a guy who was a top adviser for George W. Bush. These are hardly non-partisan studies.
GILLESPIE: Look Chris these AEI and other studies are very credible sources of analysis
But there is one study the Romney campaign hasn’t used. The Tax Policy Center found that Romney would need to raise taxes on the middle class even if he closed every single tax loophole for the wealthy. Mark Zandi, chief economist of Moody’s Economy and an adviser to the 2008 McCain campaign, called that study the “definitive” one on Romney’s plan
So if actually none of the "studies" are actual studies but partisan blogs and lobbying groups, it is clear that Romney will not be able to reduce the deficit/debt, with his tax plan. Then Obama was telling the truth on the first debate. Secondly it seems that the republicans dont really care about reducing the deficit/debt they just want to do it in their own way. Which other issues will turn out this same way when the truth finally comes out?