factcheck on romney tax cuts

[Danzig]

http://factcheck.org/2012/08/romneys...e-tax-promise/

Romney’s Impossible Tax Promise
Experts say he can't cut rates without losing revenue or favoring the wealthy.
Posted on August 3, 2012 , Corrected on August 6, 2012


Tax experts — including one who supports Romney’s plan — say the Republican presidential candidate’s promise to cut individual income tax rates without either favoring the wealthy or losing revenue isn’t mathematically possible.

That’s the conclusion of the Tax Policy Center in a report the Romney campaign attacked as “biased” (although the campaign previously praised the TPC as “objective,” when it issued a report critical of a rival’s tax plan).

And it’s also the conclusion of an expert from the pro-business Tax Foundation, who states that the Tax Policy Center analysis “correctly identified the Romney plan as a tax cut, at least in static terms, that accrues mainly to high-income earners.”