HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Even Fox News Admits That...

Mon Oct 22, 2012, 04:41 PM

Even Fox News Admits That Mitt Romney's Tax Plan Doesn't Add Up

By Remington Shepard, posted on AlterNet.org, October 22, 2012

A Fox business host has admitted that it isn't possible to calculate how GOP presidential hopeful Mitt Romney's plan would be paid for.

Independent fact-checkers and experts say that Romney's tax plan, a $5 trillion dollar tax cut that would largely benefit the wealthiest Americans offset by closing undisclosed loopholes, doesn't add up. The Romney campaign has responded by saying one possible way to pay for the tax plan is to cap the total amount of deductions a taxpayer can take. Experts have said that even with such a deduction cap, Romney's plan still doesn't add up .

And in a rare moment of truth for Fox, Fox Business host Stuart Varney admitted: "I cannot calculate how much money would be brought in" by Romney's plan.


1 replies, 915 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Even Fox News Admits That Mitt Romney's Tax Plan Doesn't Add Up (Original post)
fleur-de-lisa Oct 2012 OP
DFW Oct 2012 #1

Response to fleur-de-lisa (Original post)

Mon Oct 22, 2012, 04:48 PM

1. One of them learned how to use Excel or a pocket calculator?

Better late than never, I suppose............

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread