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Topic: The $5 trillion tax cut that isn’t |
The $5 trillion tax cut that isn’t
Washington Post, by Robert J. Samuelson
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Original Article
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Posted By:Pluperfect, 10/11/2012 5:38:44 AM
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| Let’s review again the math of Mitt Romney’s proposed tax cuts to show why — contrary to the rhetoric from President Obama’s campaign — they do not amount to a $5 trillion tax cut for the rich. We all understand that campaigns involve self-serving exaggerations, simplifications and partial truths. But if politics is to retain any integrity, a line must be drawn at statements and innuendoes that are demonstrably false. That’s happened here. The Obama campaign has distorted the results of a study by the Tax Policy Center, a nonpartisan research group, and created a fictitious $5 trillion tax cut.
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Reply 1 - Posted by:
sinic, 10/11/2012 5:50:53 AM (No. 8924805)
On one hand, I'd say Obama's in deep doodoo when his lemmings in the mainstream media start dropping little tidbits like this one.
On the other hand, Samuelsons statement that "News organizations peddling this line have unwittingly enlisted in the Obama campaign" contains one glaring error....the word "unwittingly".
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Reply 2 - Posted by:
srhcb, 10/11/2012 5:52:51 AM (No. 8924808)
A pretty fair assessment from the WaPo .... right up until the sixth from final word.
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Reply 3 - Posted by:
suziesuburbanite, 10/11/2012 7:50:52 AM (No. 8925005)
Don't let facts get in the way of a good sound bite
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Reply 4 - Posted by:
4freedom, 10/11/2012 8:07:25 AM (No. 8925049)
Made the mistake of reading some comments after article. Quite sad actually, still blame Bush and those wasky obstructionist Republicans. Of course they all think they are sooo intelligent.
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Reply 5 - Posted by:
kampboyd, 10/11/2012 8:23:05 AM (No. 8925082)
What this article and most others fail to consider is that lower rates will allow businesses to hire more people, lower the unemployment rate, and have more people employed and paying taxes. In virtually every circumstance where the federal government lowered tax rates, including the Bush tax cuts of 2003, revenues have increased. Lowering rates will also create an atmosphere where businesses will not leave the country to re-locate to a country with lower rates (which includes almost any country in the world).
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Reply 6 - Posted by:
jimmiet, 10/11/2012 8:35:08 AM (No. 8925123)
WaPo starting to walk backwards, quickly. Mmm mmm mmm. KYA goodbye Hussein.
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Reply 7 - Posted by:
Bubbasuncle, 10/11/2012 8:43:58 AM (No. 8925147)
"News organizations peddling this line have predictably carried the water for the Obama campaign." There fixed the last sentence.
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