Tax Reform, Mitt Romney | featured news

Mitt Romney Campaign Says Tax Deductions Cap Would Not Hit Employer-Provided Insurance

A comment by Republican presidential nominee Mitt Romney earlier this week regarding how he would overhaul the U.S. tax code set off a back-and-forth between the Romney and Obama campaigns on Wednesday.

 

Feldstein’s Analysis Doesn’t Refute the Tax Policy Center’s Findings on Romney's Tax Plan, It Actually Confirms It Raises Taxes

In a recent paper, we showed that any revenue-neutral tax reform that included Governor Romney’s specific tax cuts and that met his stated goal of not raising taxes on saving and investment would cut taxes for households with income above $200,000 and would therefore necessarily have to raise taxes on taxpayers below $200,000. This was true even when we considered an unrealistically progressive way of financing the specified tax reductions, and even when we accounted for economic growth and revenue feedback.

 

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