Tuesday, October 16, 2012

Romeny's Tax Plan Based on Academic Studies?

Well, not so much, as it turns out.  Raw Story describes how Anderson Cooper reported on his segment Keeping Them Honest, that "a bipartisan panel of three authors for the Tax Policy Center examined the plan and concluded that there’s really no way of making the numbers work, that is unless the middle class pays more. Thousands of dollars more per family, according to the authors,” the CNN host added.

Raw Story also said that "recently Romney told NBC’s David Gregory that the Tax Policy Center was biased and that he had 'five different economic studies, including one oat Harvard, Princeton and AEI and a couple at the Wall Street Journal' to back his proposal. Romney later increased that total to six studies while facing President Barack Obama at the first presidential debate. During last week’s vice presidential debate, Ryan also said that “six studies have guaranteed, six studies have verified that this math adds up."

“The suggestion is that these are full-blown academic studies,” Cooper noted on Monday. “Actually, three are blog posts, one is a Wall Street Journal op-ed. In the Wall Street Journal piece, Martin Feldstein, who’s also a campaign advisor, makes the math work but only by using a different definition of middle class than Mr. Romney uses in his own plan.” Watch the segment below:


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