Why is Bowles-Simpson more progressive than Romney's "very similar" plan?
xpostfactoid.substack.com
Yesterday, the New York Times' Jackie Calmes provided a bracing model of how to reality-check a politician's ridiculous claim: Mr. Romney said “my plan is very similar to the Simpson-Bowles plan.” The Romney proposal, however, has little in common with that bipartisan deficit-reduction proposal from a majority on the fiscal commission that Mr. Obama created in 2010. The Simpson-Bowles plan called for reduced income tax rates, but it would have raised about $2 trillion more in tax revenues over 10 years, mostly from high-income taxpayers, and cut spending to reduce the federal debt.
Why is Bowles-Simpson more progressive than Romney's "very similar" plan?
Why is Bowles-Simpson more progressive than…
Why is Bowles-Simpson more progressive than Romney's "very similar" plan?
Yesterday, the New York Times' Jackie Calmes provided a bracing model of how to reality-check a politician's ridiculous claim: Mr. Romney said “my plan is very similar to the Simpson-Bowles plan.” The Romney proposal, however, has little in common with that bipartisan deficit-reduction proposal from a majority on the fiscal commission that Mr. Obama created in 2010. The Simpson-Bowles plan called for reduced income tax rates, but it would have raised about $2 trillion more in tax revenues over 10 years, mostly from high-income taxpayers, and cut spending to reduce the federal debt.