Monday, August 13, 2012

Obama's big lie: Romney and Ryan want to raise taxes for 95% of the American public

The truth is there isn't a tax increase even on the table in Mitt Romney's plan. Romney only wants tax cuts.

Here is Romney's tax plan in a nutshell.
• Make a permanent, across-the-board 20 percent cut in marginal rates
• Maintain current tax rates on interest, dividends and capital gains
• Eliminate taxes for taxpayers with adjusted gross income below $200,000 on interest, dividends and capital gains
• Eliminate the death tax
• Repeal the Alternative Minimum Tax
Here is Obama's big lie.

What does Obama base this lie on? The left-leaning Tax Policy Center pulled a report out of their butt.
That's what the Tax Policy Center, a nongovernmental think tank under the auspices of the left-leaning Brookings Institution and the Urban Institute, reported last week.

But here's the trick -- the TPC did not analyze the Romney proposal. Instead, it analyzed tax proposals not found at the Romney website. It also imposed its own set of conditions on the tax changes, such as requiring that they be "revenue-neutral."

As a result of this manipulation, the TPC claims Romney's proposal would lead to tax relief for high-income filers and tax increases for everyone else. In fact, Romney's proposal does not call for a single tax increase.

In most of America, such claims would be dismissed as second-rate political mischief. In Washington, the TPC's claims are cited by leading politicians.

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