A wireless company profiting from the so-called “Obama phone” giveaway program is run by a prominent Democratic donor whose wife has raised more than $1.5 million for the president since 2007.
Princeton Economist: Obama Distorted My Romney Tax Plan Study
Monday, 08 Oct 2012 11:05 AM
The Obama campaign email said Romney’s tax plan would force him to raise taxes on the middle class and increase the deficit.
"Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes," the Obama campaign press release said. "In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000."
Princeton professor Harvey Rosen told the Standard that the Obama campaign misrepresented his work.
“I can’t tell exactly how the Obama campaign reached that characterization of my work,” Rosen said in an email to the Standard. “It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.”
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