Representatives of Mitt Romney’s campaign are blasting an analysis of the candidate’s tax plan released Thursday as “misleading and deceitful.”
The non-partisan Tax Policy Center reported that while it cannot fully analyze Romney’s tax plan because not enough details have been made available yet, they found it does not find enough money to replace revenue lost after the plan’s proposed tax cuts,
according to The Hill.
In a blog post explaining the study, TPC analyst Roberton Williams wrote that using all of Romney’s proposals thus far, including the $25,000 cap on individual deductions he has proposed, would not pay for across the board 20 percent cuts to rates for all taxpayers without other deductions being eliminated or the rate cuts being smaller.
Pierce Scranton, economic advisor to the Romney campaign, responded that the “technical details will be worked out with Congress,” but that there is significant room to be able to keep the tax cuts from adding to the deficit.
“There are hundreds and hundreds of billions in other tax expenditures that could be used to help offset the rate reductions to ensure the plan meets the goal of not adding to the deficit,” Scranton said.
“TPC’s non-analysis of Gov. Romney’s tax reform plan does ABSOLUTELY NOTHING to refute numerous independent analyses from experts at the American Enterprise Institute, Heritage Foundation, the Tax Foundation, Princeton, Rice and Harvard that have demonstrated the Romney plan works.”
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