Romney the tax simplifier

[Crabtownboy]

Nothing new here and more agreement that Romney will cost the middle class folk and help the rich folk.

Politicians on both sides of the partisan divide want to simplify the federal tax code by pruning the thicket of loopholes, exemptions and credits. In fact, President Obama and his presumptive Republican opponent, former Massachusetts Gov. Mitt Romney, have both promised to seek tax simplification if elected in November. A new study by three fiscal policy experts, however, shows that if simplification is coupled with a deep cut in rates, as Romney has proposed, lower- and middle-income Americans would have to pay more in taxes just to keep the same amount of revenue flowing into the Treasury. That's because the necessary reduction in exemptions, deductions and credits would more than offset the savings from the lower rates.

http://www.dailycamera.com/editorials/ci_21229944/romney-tax-simplifier

 

[targus]

One would have to be complete idiot not to know that historically cutting tax rates has increased revenues.

It is a historical fact.

It has been shown to be true over and over.

 

[just-want-peace]

Poor Crabby!
Nobody takes him seriously!!

 

[billwald]

If lowering taxes always increases revenue then should not eliminating taxes maximize revenue?

 

[mandym]

If lowering taxes always increases revenue then should not eliminating taxes maximize revenue?

You cannot collect taxes if you are not collecting taxes. Balance is the key. Of course bilking the rich at a much higher rate is not about revenue but about income redistribution.