And the right wing think tank refutes your left-wing think tank. http://blogs.wsj.com/washwire/2012/09/25/heritage-defends-romney-tax-plan/
. On Fri, Oct 12, 2012 at 11:49 AM, Larry C. Lyons <[email protected]> wrote: > > I like what the Brookings Institution says about the Romney Ryan tax plan: > > Our major conclusion is that a revenue-neutral individual income tax > change that incorporates the features Governor Romney has proposed > including reducing marginal tax rates substantially, eliminating the > individual alternative minimum tax (AMT) and maintaining all tax > breaks for saving and investment would provide large tax cuts to > high-income households, and increase the tax burdens on middle- and/or > lower-income taxpayers. This is true even when we bias our assumptions > about which and whose tax expenditures are reduced to make the > resulting tax system as progressive as possible. For instance, even > when we assume that tax breaks like the charitable deduction, > mortgage interest deduction, and the exclusion for health insurance > are completely eliminated for higher-income households first, and only > then reduced as necessary for other households to achieve overall > revenue-neutrality the net effect of the plan would be a tax cut for > high-income households coupled with a tax increase for middle-income > household ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:356034 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
