Here’s the problem Republicans are faced with: how does Mitt Romney’s tax plan which proposes to cut tax rates by 20% across the board – a move that would cost trillions in terms of lost revenue – not add to the deficit? Tough one. The nonpartisan Tax Policy Center says it cannot be done without imposing effective tax cuts on the middle class.
It is not mathematically possible to design a revenue-neutral plan that preserves current incentives for savings and investment and that does not result in a net tax cut for high-income taxpayers and a net tax increase for lower- and/or middle-income taxpayers.
The Tax Policy Center’s report goes on to say that the end result of Romney’s tax plan would be one in which millionaires get an $87,000 tax cut while 95 percent of Americans would see their taxes increase by an average of $500 a year. Oops. Time to bring in the right’s boy wonder of economics to explain how Romney’s arithmetic works out.
Well, I don’t have the time. It would take me too long to go through all the math. But let me say it this way, you can lower tax rates by 20 percent across the board by closing loopholes and still have preferences for the middle class for things like charitable deductions, for home purchases, for health care…
A-romney-tic, as Ryan explains, is much too complex for feeble-minded Americans to absorb so its best to leave it to experts like he and Romney. After all, why question the right’s basic concept of math when all that is required to cast a vote for the Romney/Ryan ticket is blind trust and a sprinkle of fairy dust.
Life would be so much simpler for poor Mitt and Paul if people would stop asking them questions and just accept everything they say at face value. As Ann Romney would tell you; Stop it, you stupid little people. This is hard!