A study just released by the Tax Foundation concludes that economic growth resulting from Romney's tax cuts would restore 60 percent of the lost revenue, leaving only 40 percent of that revenue to be made up by eliminating and reducing tax breaks.... but that analysis will not pass the Donkey 'gotcha' test ... the only way that a tax bill can be assessed by the CBO is thru the use of static analysis, i.e. no credit given for growth spurred by the tax bill. The prime assumption for static scoring depends on the erroneous condition that all economic parameters will remain the same except for the specific changes in the tax legislation. Whenever static scoring is used, a tax cut will almost always be shown to be a losing proposition ...... just the way the Democrats want the answer to come out ...
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