Is the conservative press misreporting the candidates’ tax plans?
Twenty-four hours later, the conservative reaction to a devastating report about Mitt Romney’s tax plan is proving almost as interesting as the report itself.
The report, published by the Brookings-Urban Tax Policy Center, demonstrated that Romney’s plan, if implemented, would reduce taxes for the wealthiest 5 percent of Americans but increase taxes for everybody else. It’s one part of a larger agenda that would likely require, thanks to a proposed cap on federal spending, deep cuts to key government programs touching everything from health care to education to law enforcement.
As I said yesterday, if you’re like most Americans, this is a plan to undermine your government services and stick you with a higher tax bill, all so Romney and his pals in the penthouse suite can keep more of their money.
Jonathan Cohn — “Romney on Taxes: Deny, Distract, Dissemble”