As Princeton economics professor Harvey Rosen writes, Romney's plan would neither require a net tax hike on the middle class nor a tax reduction for the rich under "plausible" growth assumptions.*
Obama cited harvey Rosen as the one saying it didnt add up another LIE
Princeton economics professor Harvey Rosen wants everyone to know that he didn’t say what Obama’s reelection campaign is claiming he said about Mitt Romney’s tax plan, namely that it would necessarily raise taxes on the middle class.
]he TPC model assumes that regardless of the tax rate, people work the same amount, save the same amount, and invest the same amount," writes Rosen. But growth is the whole point of Romney's plan. "[A] proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on high-income individuals about the same," Rosen writes. "That is, an increase in the tax burden on lower and middle income individuals is not required in order to m make the overall plan revenue neutral."
Rosen finds that Romney's plan could work if tax reform causes the economy to grow 3 percentage points more over a given period of time than it would have grown without tax reform.
I think Joes mind might be a little messed up maybe age or he has multiple personality disorder hes pretty scary to watch.. they kept him away from all interviews for 5 months and kep him locked up for 6 days to practice this debate I think he snapped.
Biden also said Seniors wont lose their medicare advantage we have a member on this board who was just dropped so I guess thats another lie he told.