{"id":2582,"date":"2012-09-17T09:24:39","date_gmt":"2012-09-17T13:24:39","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=2582"},"modified":"2012-09-17T09:24:39","modified_gmt":"2012-09-17T13:24:39","slug":"romney-my-magic-tax-plan-will-repeal-math","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2012\/09\/romney-my-magic-tax-plan-will-repeal-math\/","title":{"rendered":"Romney: My Magic Tax Plan Will Repeal Math"},"content":{"rendered":"<div class=\"parbase section entrytext\" style=\"color: #000000; font-family: Arial, Helvetica, Verdana, Geneva, sans-serif; font-size: 10px; line-height: 10px; text-align: center; background-color: #ffffff;\">\n<p style=\"margin: 0px 60px; padding: 0px 0px 1.5em; border: 0px; font-size: 1.4em; line-height: 21px; font-family: Georgia, serif; color: #222222; text-align: left;\">This was a vague enough plan that Romney believed he could get by without making any of the ramifications clear, except the good stuff about cutting tax rates. But the Tax Policy Center\u00a0<a style=\"color: #177bae; text-decoration: none; outline: none;\" href=\"http:\/\/nymag.com\/daily\/intel\/2012\/08\/romney-tax-promises-mathematically-impossible.html\">ran the numbers<\/a>\u00a0and found that, even if you granted Romney a series of optimistic to wildly implausible assumptions, he would have to raise taxes on the middle class, by a lot. The rate cuts would lose so much revenue for the rich that there wouldn\u2019t be enough to gain from reducing deductions.<\/p>\n<\/div>\n<div class=\"parbase section entrytext\" style=\"color: #000000; font-family: Arial, Helvetica, Verdana, Geneva, sans-serif; font-size: 10px; line-height: 10px; text-align: center; background-color: #ffffff;\">\n<p style=\"margin: 0px 60px; padding: 0px 0px 1.5em; border: 0px; font-size: 1.4em; line-height: 21px; font-family: Georgia, serif; color: #222222; text-align: left;\">Republicans have been frantically denying the math, which Obama has turned into the potent (and accurate)\u00a0<a style=\"color: #177bae; text-decoration: none; outline: none;\" href=\"http:\/\/www.youtube.com\/watch?v=r1D1jI61ckY\">accusation<\/a>\u00a0that Romney\u2019s plan would cut taxes on the rich in order to raise them on the middle class. Republican economist<a style=\"color: #177bae; text-decoration: none; outline: none;\" href=\"http:\/\/professional.wsj.com\/article\/SB10000872396390444327204577617421727000592.html?mod=hp_opinion&amp;mg=reno64-wsj\">Martin Feldstein<\/a>\u00a0tried to defend Romney by doing his own study showing that Romney\u2019s math could work, but in an epic blunder, inadvertently confirmed the charges.<\/p>\n<\/div>\n<p><strong>MORE:\u00a0<\/strong> <a href=\"http:\/\/nymag.com\/daily\/intel\/2012\/09\/romney-my-magic-tax-plan-will-repeal-math.html\" target=\"_blank\">Romney: My Magic Tax Plan Will Repeal Math &#8212; Daily Intel<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>This was a vague enough plan that Romney believed he could get by without making any of the ramifications clear, except the good stuff about cutting tax rates. But the Tax Policy Center\u00a0ran the numbers\u00a0and found that, even if you granted Romney a series of optimistic to wildly implausible assumptions, he would have to raise&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,22],"tags":[39,301,120,87],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2582"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=2582"}],"version-history":[{"count":1,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2582\/revisions"}],"predecessor-version":[{"id":2583,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2582\/revisions\/2583"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=2582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=2582"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=2582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}