Closing Loopholes

This is information that I hope will be helpful for people who are sincerely still trying to figure out if a vote for Barack is a vote to miss out on a big payoff from Romney's economic plan. You know the details of loopholes that Barack and Joe are beating Romney about? Remember that Romney and Ryan keep saying that "Six studies" say, "Yes, it works!"

Well, this guy wrote an explanatory essay about the details of the six "studies". Each of them is a combination of potential answers to "How are you going to pay for five trillion in tax cuts for rich people?"

The article is written by Josh Barro, an economics writer at Bloomberg. It summarizes and compares the six "studies" that Romney uses to prove his tax plan. The article gives a lot of information about the trade-offs in the Romney/Ryan tax plan. In the end, he is very clear that nothing like what Romney suggests is going to happen without substantial contribution from regular people.

Says Josh Barro,

"They say they have six independent studies -- six! -- that "have confirmed the soundness of the Governor’s tax plan," and so I should stop whining.  Let's take a tour of those studies and see how they measure up."

"The Romney campaign sent over a list of the studies, but they are perhaps more accurately described as "analyses," since four of them are blog posts or op-eds. I'm not hating -- I blog for a living -- but I don't generally describe my posts as "studies."
He also says,

"But claims about growth induced by tax policy changes are often overstated -- remember, the 2001 and 2003 tax cuts were also sold on the promise of higher economic growth offsetting much of the revenue loss. It didn't happen." (emphasis mine)

It didn't happen and it won't happen. Romney's main plan cannot work without raising taxes on people that can't afford it.

Read the article HERE