The Romney tax plan envisions cutting everyone’s marginal tax rates by 20% while remaining revenue neutral by eliminating unspecified tax expenditures (i.e. loopholes). The tax policy center has concluded that, for the rich, there are not enough tax expenditures to be eliminated that would pay for their tax cuts and as a consequence, tax rates would have to increase for middle class taxpayers to remain revenue neutral. The Romney campaign has responded that six independent studies have confirmed the validity of their numbers. But an examination of the six studies cited show that most were blog posts or op ed articles by persons sympathetic to the Romney campaign. Even these studies don’t support Romney’s numbers unless magical levels of economic growth are put into the equations,
The other guys always contend
We make claims that we cannot defend
But six separate studies
Carried out by our buddies
Show magic trumps math in the end.