BoatShoes;1286697 wrote:But that's simply not true Gut. There is not enough deductions and credits to make it revenue neutral without raising taxes on the middle class. PERIOD.
By what study? The study you are citing has walked that back. Other studies say it's possible. It depends partly on your assumptions for the pro-growth contribution.
And you're being completely dishonest when you say "it can't be done without increasing taxes on the middle class". The middle class has few deductions, and Romney has said point blank several times he won't raise taxe on the middle class. The far more likely case is the rate cut isn't 20%, or it isn't revenue neutral. This "$5T tax cut" and "middle class tax increase" is bullshit partisan rhetoric. It's not just misleading, it's a lie.
And even if the rate isn't 20% but 17% or perhaps 15%, the merit still stands. If Obama isn't passing hidden taxes on the middle class in this sluggish economy where the fed prints money, it's inevitable that he'll increase taxes directly on the middle class.