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Author: Radish Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 133999  
Subject: Re: I'm confused. Date: 10/4/2012 6:49 PM
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xLife,

Is Romney calling for a 20% across-the-board tax cut of $5 trillion or not?

As you already know, Romney is calling for a 20% tax rate cut.

You can google it in under a second:
http://www.mittromney.com/issues/tax
"- Make permanent, across-the-board 20 percent cut in marginal rates"

He denies it would lower revenue by $5 trillion.

Second related question: if a "tax cut" is revenue neutral how can it be a tax cut?

Again, of course you already know the answer. If the "tax cut" is a tax rate cut, then the resulting revenue could be lower, higher, or the same. If it's the same, the tax cut would be revenue neutral. Obviously Romney's call for a 20% tax cut is a call for a cut in the tax rate... since the government sets only the rate, not the revenue.

Aren't you tired of the word games yet? Pretending "tax cut" can only have one meaning... really?

Phil
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