During last week’s presidential debate that had Mitt Romney dismantling Barack Obama’s repeated use of cliches and class warfar rhetoric, Barack Obama attempted to portray Mitt Romney’s tax plan as simply a 5 trillion dollar tax cut that would hurt the Middle Class. Today, the very same economist Obama used to make that claim is coming out AGAINST the president – claiming Barack Obama is “misrepresenting” what he actually said about the Romney tax plan – a somewhat friendlier way of saying President Obama is LYING – yet again.
Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney’s Tax Plan
…But that’s not true. Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney’s tax plan:
I can’t tell exactly how the Obama campaign reached that characterization of my work. It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. LINK