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Romney’s Savage Attack on the Middle Class! Not So Much

by Keith Koffler on September 10, 2012, 11:42 am

President Obama and his allies are bellowing the unproven allegation, backed by some “fact checkers,” that Gov. Mit Romney’s tax proposal would harm the middle class.

Obama’s allied Super Pac, Priorities USA, which has become the go-to place for inaccurate information this campaign season, excreted a new ad saying Romney’s initiative would “tear down the middle class.”

The contention is based on a report last month by the Tax Policy Center stipulating that Romney’s tax reform plan, in order to be revenue neutral as advertised, would have to raise taxes on the middle class.

The White House is trying to portray the report as unbiased grunt work, but it’s not.

One of the authors of the report, the unfortunately named Adam Looney, WORKED FOR PRESIDENT OBAMA.

Where is that in the coverage of this issue?

He was a senior economist on Obama’s highly politicized Council of Economic Advisers, laboring under then-chairman and former Obama 2008 campaign adviser Austan Goolsbee.

Mitt Romney snarls

A snarling Mitt Romney vows to gnash apart the middle class and feed it to his wealthy friends. Photo by Gage Skidmore

Another of the authors, William Gale, is mentioned as having worked in the White House of George H.W. Bush. Even assuming that this somehow qualifies you as tilting to the right, Gale is no conservative.

He was critical of George W. Bush’s plan to reform Social Security with individual accounts, writing a paper in 2004 with two economists who would become among Obama’s top advisers, Peter Orszag and Jason Furman, slamming the idea. Two years ago, he wrote a Washington Post piece attacking the extension of the Bush tax cuts.

The third author, Samuel Brown, as far as I can tell, nobody’s ever heard of. I think he signed the Declaration of Independence.

The Tax Policy Center itself is a co-project of two of Washington’s leading liberal think tanks, the Urban Institute and the Brookings Institution.

Without getting too far into the details, conservatives have criticized the paper for failing to sufficiently account for increased revenues that would occur because the Romney plan would produce MORE ECONOMIC GROWTH. Since the government taxes everything that moves, and more things would be moving, more taxes would be collected.

It would seem to me this is a significant, since the whole point of tax reform like Romney’s – which cuts marginal rates while eliminating economic behavior-distorting loopholes and deductions – is to increase economic growth by making the economy operate more rationally and efficiently.

The authors, in response to conservatives, have already cut in half their assessment of the ruin that would occur to the middle class under Romney’s proposal.

Given the growth in economic activity and the uncertainties surrounding the plan – Romney proposal doesn’t have many details – they should cut out the other half too.

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{ 14 comments… read them below or add one }

Elaine September 10, 2012 at 11:50 am

Even if by some miracle Romney wins the election, his promises and proposals are simply promises and proposals. None of them will come to fruition if the Senate remains controlled by the Democrats, which is more than likely, and the only real positive for his election is the country won’t suffer from complete Socialism and taxpayer funded deviancy, debauchery, and vice as soon as it will if Obama is re-elected.

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cincycinco September 10, 2012 at 12:58 pm

Maybe Romney can rule by executive order if the Senate won’t move? The precident has been set…

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RickW September 10, 2012 at 12:10 pm

Anytime I read about economic “proposals”, I’m reminded of the old Jefferson Airplane “White Rabbit” where “One pill makes you larger, one pill makes you small, etc” American want a pill for everything. Take this pill, implement this proposal and our problems are solved. Does not matter if we are talking weight loss or recovery from a recession, its NOT going to happen unless the ATTITUDE is changed.

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ImNoDhimmi September 10, 2012 at 12:27 pm

Well, I’d like to think Romney has a better and more sensible attitude than Barry does.

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cincycinco September 10, 2012 at 1:01 pm

ME? THE VOTER, CHANGE? ME, THE VOTER, AT FAULT? HOW DARE YOU! NO VOTE FOR YOU!!!

(sarc off)

Don’t look for a shift in voter attitudes any time soon. We have the “blameless” president as a result of the “blameless” electorate, he’s a symptom, not the disease.

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Just2old September 10, 2012 at 12:36 pm

Nice reporting Keith. Gov Romney’s plan seems quite similiar to President Reagan’s:The four pillars of Reagan’s economic policy were to reduce the growth of government spending, reduce income tax and capital gains tax, reduce government regulation of economy, and control money supply to reduce inflation. We enjoyed 25 years of growth as a result…

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Julie Brueckheimer September 10, 2012 at 12:48 pm

Romney just issued a brilliant comment on the Chicago Teachers Union strike, but of course, the MSM will ignore it.

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cincycinco September 10, 2012 at 1:09 pm

Didn’t you get the Dem stylebook yet? “Chicago” is racist, you racist. Romney is now a certifed racist for saying it, and I suppose I am too for writing it just now. So we all just need to stop it, accept our fate, and elect Obama, because any opposition is automatically racist, and any reference to any of the many failed parts of his background is clearly racist as well. Expect a ban on the use of the words “Barry”, “Indonesia”, “Resko”, “Solyndra”, “Executive Order”, “Obamacare”, and anything else with a negative connotation, by the racist police any day now.

http://communities.washingtontimes.com/neighborhood/middle-class-guy/2012/aug/30/chris-matthews-dumbest-man-media/

Sigh.

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barkley pontree September 10, 2012 at 1:29 pm

excellent report, Keith. That is the kind of investigative reporting one use to read in newspapers.

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Girly1 September 10, 2012 at 2:11 pm

Great sleuthing, Keith! Heads should roll over this sort of obfuscation.

Obama’s newly found affection for the middle class is laughable. If he gets another term they will be thrown under the bus along with everyone at the top.

Back in ’08, a public radio interview was unearthed from the year 2001 wherein Obama expressed his radical redistribution ideas with regard to the SCOTUS. In this interview he said in no uncertain terms that he had absolutely NO interest in the middle class! My jaw fell on the floor. Unfortunately the audio has been removed from You Tube. Certain quotes are contained in the WaPo article – but not the part about the middle class:

OBAMA REDISTRIBUTION BOMBSHELL
http://voices.washingtonpost.com/fact-checker/2008/10/obamas_redistribution_bombshel.html

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Susan September 10, 2012 at 2:15 pm

That commercial was truly aimed for the moron vote. The only people who are buying his flag waving, “We The People” schtick are truly idiots of the useful variety. Real Americans know who and what Obama is. He was raised by a leftist anti-American mother in his formative years; he was the protegee of an admitted communist, Frank Marshal Davis; and his political career was born in the living room of the unrepentant terrorist, Billy Ayers. Real Americans know this country will not survive another four years of Obama. That is why real Americans are going to have to shake off the defeatist attitude and get out there and fight them back. Romney/Ryan MUST WIN this election if America is to survive…period.

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PhilJourdan September 11, 2012 at 7:51 am

So let me see if I got this right.

ON the one hand, we have a party that imposed 21 new taxes on the Middle class (almost exclusively since the CBO says 76% of the new taxes will be paid by them) saying the other guys are trying to do the same thing?

Well, perhaps we should believe them since they sure know how to tax the middle class!

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Marisa September 11, 2012 at 11:43 am

Keith! You were so ON today in your writing! I loved your gorgeous use of sarcasm throughout your posts. To say that “Priorities USA…. excreted a new ad…” Brilliant! You had me hooting through all your September 10 posts.

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aunty M September 13, 2012 at 1:45 pm

As long as the mainstream media conspires with Obama to deceive the public
we, the public are in deep doo doo. Could the public be called “gullible”?

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