Originally Posted by Rohirrim
Analysis of the flim-flam man's boondoggle for the rich:
Mitt Romney's campaign says I'm full of it. I said Romney's tax plan is mathematically impossible: he can't simultaneously keep his pledges to cut tax rates 20 percent and repeal the estate tax and alternative minimum tax; broaden the tax base enough to avoid growing the deficit; and not raise taxes on the middle class. They say they have six independent studies -- six! -- that "have confirmed the soundness of the Governorís tax plan," and so I should stop whining. Let's take a tour of those studies and see how they measure up.
Can you say "Voodoo economics?" I knew you could.
Neither the author, nor the OP, understand basic economics.
Economic activity, and jobs are created when tax rates decrease. Lowering tax rates has proven to envigorate economic activity, and thus increase the amount of tax revenue collected....something which the OP didn't even consider.
The CBO would definitely consider the amount of new tax revenue generated by reduced tax rates, and would include it while scoring any new legislation.