Romney’s Economic Plan Includes $6.6 Trillion Tax Cut For The Rich And Corporations

[Emit]

According to our new analysis, the economic plan offered yesterday by GOP presidential candidate Mitt Romney would deliver a massive $6.6 trillion tax cut that would primarily benefit the very wealthy and corporations. After accounting for the added interest costs that we’ll have to pay, the total cost of Romney’s plan grows to $7.8 trillion over the next 10 years.

~snip~

Taken together, Romney’s fiscal policies would be even worse than the House Budget. His spending levels are the same — though he provides few details as to what he would cut to accomplish this — but his revenue levels are even lower. The result would be continued unsustainable deficits and more debt. In fact, Romney’s plan would yield approximately $6.5 trillion in deficits from 2013 through 2021.

Given these facts, it is odd that Mitt Romney also supports an amendment to the U.S. constitution that would require balanced federal budgets. Romney’s plan doesn’t even come close to balancing the budget, instead resulting in unsustainable deficits and growing debt.

So, how does Romney deal with the fact that his own fiscal plan would be unconstitutional if President Romney got his way? He doesn’t. Either he hasn’t done the math, or he’s hoping you won’t notice his numbers don’t add up. Either way, it doesn’t reflect all that well on him or his economic “plan.”

http://thinkprogress.org/economy/2011/09/07/313068/romneys-tax-plan-cost-6-6-trillion/

[fascisthunter]

1. so his agenda is to further bankrupt our government so it can't function

that way his rich buddies can game the system more than they do now.

[NNN0LHI]

2. That sounds reasonable

And after everything turns to shit he will just go to planet Kolob and forget about it.

Don

[gratuitous]

3. Well, this world is evil and irretrievably lost anyway

Why not live it up (so to speak) before he moves on to a universe of his own making, where he'll be the god in charge of everything?

[denverbill]

4. "Given these facts, ". Well, there's your problem right there.

Facts are completely irrelevant to Republickers. Tax cuts create jobs and lower deficits. Bush cut taxes and Obama cut them even more. And we are awash in jobs and our coffers are overflowing.