FactCheck.org DESTROYS Romney's tax plan and budget proposals.
Romneys Economic Exaggerations
Posted on September 14, 2012
Lori Robertson and Eugene Kiely
Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on how he would be able to do that, and one neutral budget expert calls it an unrealistic goal.
Also, Romney and running mate Paul Ryan exaggerate when they say five different studies prove that all of the stated goals of Romneys revenue-neutral tax plan could be accomplished without raising taxes on middle-income taxpayers. Two of the five studies were blog items. And none of three other studies was nonpartisan: Two were written by Romney campaign advisers and a third was by a former economic adviser to President George W. Bush.
Romney made the claim about balancing the budget on NBCs Meet the Press on Sept. 9, saying: [W]eve put together a plan that lays out how we get to a balanced budget within eight to 10 years.
The plan, however, doesnt lay out how this would be achieved. Instead, its short on specifics.
When we talked to Josh Gordon, policy director of the Concord Coalition, a nonpartisan group that advocates responsible fiscal policy, he said there wasnt much of a proposal from Romney. But his main takeaway, he said, is that its an unrealistic goal and requires cuts far beyond what theyve been able to specify.
http://factcheck.org/2012/09/romneys-economic-exaggerations-2/