Many have questioned where Romney plans to find enough deductions to make up the money from a 20% cut in tax rate. Tax experts doubt the possibility of finding enough money to make up for a cut of that size. Tax experts believe that if he has enough limits on deductions the result would actually require a raise in taxes on the middle class and a decrease in the taxes on the wealthy.
The Huffington post reports that when Romney was further questioned about his plan he stated, "Well, I'm not going to lay out a piece of legislation here, because I intend to work together with Republicans and Democrats in Congress, but there are a number of ways one could approach this. One would be to have a total cap number... Or, instead, you could take the posture that Bowles-Simpson did... There are a number of ways we can accomplish the principles which I have."
Should Romney be forced into specifics before the election? Or is it good that he wants everyone to collaborate on a plan if he were to be elected?
4 comments:
Although I believe that we need increased collaboration on both sides of the partisan line, I do not think that this desire for cooperation should allow Romney to cover for his lack of specifics. I find it rather troublesome that Romney seems to have a specific goal, but the way to achieve that goal hurts those he promises to help. Even with so many people and studies pointing out that his plan seems unrealistic, Romney seems to continue attesting his plan will work; although no one likes to admit it, people make mistakes, and I would prefer a President who will admit that he too makes mistakes.
I think it's absolutely ridiculous that Romney keeps dodging questions about the specifics of his tax plan. Even if he does intend to collaborate with Republicans and Democrats in Congress, it’s not an excuse for refusing to divulge even the basic means by which he would make a “$5 trillion tax cut.” In my opinion, Romney is trying to cover up some not very well thought out or unsavory parts of his financial plan.
In my opinion, intending to work together with democrats and republicans in congress on legislation is not at all an excuse for not being more specific on his tax plan. Rather, that is exactly what you do as president trying to pass legislation, and I don't think there is a presidential nominee who would say that he intends to not work together between the parties in congress on legislation. Further, in order to work together on tax legislation, he first has to at least propose that initial legislation, especially in the magnitude of a $5 trillion tax cut. I think that if Romney continues to be evasive about the specifics of his tax cut, it would provide the democrats and President Obama an essential critique of Romney's 'plan' that they need to hammer home in the upcoming time before the election.
I think it's no different than if asked Obama how he plans to tackle paying off his Affordable Healthcare Act or how he plans to lower the deficit or how he's going to create more jobs or create more green jobs. It hasn't happened yet and I think both candidates certainly need to lay down the details and specifics of their plans so that the American citizens know exactly what's happening.
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