Comparing the Gingrich and Romney tax plans – CBS News
Romney has come under fire from some conservatives – and the Wall Street Journal -because they say his tax plan is too timid and doesn’t go far enough to lower taxes now.
The non-partisan Tax Policy Center in Washington estimates that if the Bush tax cuts stay in plane, the Romney plan would add $180 billion to the deficit in the year 2015. The Gingrich plan would add $850 billion that year.
The candidates argue that cutting taxes would create so many businesses and jobs that ultimately there would be more tax revenue, not less.
Hrrm, that sound awfully familiar. One would think, if this actually worked..we’d be swimming in jobs and growth right now, as we have the same tax rates that Bush Jr, promised would do the same thing.
Oh…and who is suprised Romney wants to completely get rid of the estate tax? Anyone?