Romney’s Reverse Robin Hood Problem

talkingpointsmemo.com — Nobody — no economist, no analyst, no think tank — has been able to make Romney’s tax math work. At least, not without adding heaping quantities of Magic Romney Growth Elixir™ to the formula, and a lot of hand waving. The economists at the Tax Policy Center weren’t the first to suspect that Romney’s plan would amount to a huge tax cut for the wealthy financed by an effective tax increase on the middle class — even if you assume faster-than-expected growth. But they have just the right mix of academic and political credibility to make the conclusion stick.

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