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|Subject: Ask Professor Rosen||Date: 10/8/2012 4:43 PM|
|Author: fleg9bo||Number: 647716 of 722553|
Obama's favorite attack on Romney is his claim that Romney's tax plan involves a $5 trillion tax cut. As Romney pointed out during the debate, this simply ignores the fact that Romney advocates closing loopholes and limiting deductions along with reducing marginal rates. The Democrats can't deny that, so they say that the numbers don't add up, and there will be a large tax cut, albeit not $5 trillion. In support of that claim, they have cited an analysis by Princeton economist Harvey Rosen. They have a big problem, however: Professor Rosen says he has no idea what they are talking about.
Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney’s tax plan: "...an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral."
Obama lied, jobs died. And not just Steve.
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