factcheck on romney tax cuts

[Clip-Clop]

Of course it will cut revenue, which is OK if you also cut spending. To my knowledge the loopholes have still not been identified yet and is the key to the plan...

Not that will actually happen but it that's kind of how it is written.

[jms62]

Originally Posted by Clip-Clop

Of course it will cut revenue, which is OK if you also cut spending. To my knowledge the loopholes have still not been identified yet and is the key to the plan...

Not that will actually happen but it that's kind of how it is written.

If (Loophole == Mortgage deduction)
{
CRASHRealEstateFurther();
DestroyMiddleClassFurther();
}

[Clip-Clop]

Originally Posted by jms62

If (Loophole == Mortgage deduction)
{
CRASHRealEstateFurther();
DestroyMiddleClassFurther();
}

All depends on the definition of "middle class". They need to put real numbers to the math otherwise it is nonsense. Middle class in Denver is not middle class in NYC, CT or NJ. Middle class in MS is an entirely different thing. I saw this a while ago and while broad-brush, kind of defines the issue with using simple numbers in a complex equation.

http://www.forbes.com/sites/timworst...nus-5-percent/