Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney’s Tax Plan

The Obama campaign is claiming “In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000.”

The opposite is the case it turns out. The author of the study responds: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.

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9 responses to “Princeton Economist: Obama Campaign Is Misrepresenting My Study on Romney’s Tax Plan”

  1. Lynne says :

    I hope that the Romney campaign will feature an ad that points out how the Obama campaign is misrepresenting facts: Giving the Obama lies on one side of the screen and this refutation on the other side… Obama has established in four years that he is a ruthless, pathological liar.

  2. Lynne says :

    Breaking news: ABC and CBS are not covering up this mess for Obama… two very credible investigative journalists have been working on the truth about Benghazi since day one. The LIES of Clinton, Obama and Rice are catching up with them. I will try to put up the link to ABC’s story.

  3. Mac says :

    Well, then… here it is finally. The dem campaign is to all out call Romney a liar. All the dem agents were out in force Sunday and now in all the ads. Marching orders are to call Romney a liar with every breath. And now they are distoring this to do so.

    One thing I learned several years ago is this: If you want to know what the dems are up to, look at what they are accusing their opponents of.

  4. Mac says :

    lol, that would be distorting.

  5. Lynne says :

    I am frankly appalled by the Democrats and sickened by their lies and manipulations. It’s so bad for America.

  6. israeliminx says :

    I think it may end up being a good thing. Romney is going to kick *ss in this election (I’m telling you, it is going to be Reagan-Carter II). The more ridiculous and crazy and out-there-la-la-land and egregious the arguments and attacks the Left makes trying to save Obama the better because then they are going to experience Climate Change. What happened to the global warmers is going to happen to the Left following Obama’s defeat. It is what happened to our Left here, though it probably won’t be as steep in the U.S.: our Left is essentially GONE.

    If Americans wake up to how crazy and out of touch and deluded the Left is, that can only be a good thing for America.

    I think even Big Bird might agree.

  7. israeliminx says :

    Oh yeah, a couple of pollsters have decided to drop Florida, North Carolina, and Virginia from their battleground polling because Romney’s lead is well-above the margin of error and they’ve said there is no question: Romney is taking those States. RCP average of polls has Romney up +7 in Florida! Michigan has just been declared a new-entry swing State and it looks like Minnesota may also be added, despite a PPP (democrat-affiliated poll) putting Obama’s lead there at +10. The problem with their poll is that they have a +9 democrat voter skew and they note that, unlike in every other State, Minnesota voters haven’t been affected by the debate in the least and are going for Obama in identical numbers as in September…yeah. Breaking down their stats and accounting for the skew, I’d place Obama at +3 (with a +/- 3 m of e) and eroding. In play.

  8. Eitan (@EitanDC) says :

    Democrats are masters of projecting. They line up to accuse the other side as loudly as they can of doing exactly what they are doing… lying. Mitt Romney’s line that Barack just can’t making the same claim over and over again and expecting him to believe it, just like his sons, was priceless. I think that was this debates Reagan-Mondale moment.

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