FAQs about recent analysis of the Romney tax plan
Tax Policy Center鈥檚聽analysis聽of Governor Romney鈥檚 tax plan has elicited much comment and misinterpretation. In a聽new , Sam Brown, Bill Gale, and Adam Looney clarify what the original paper did and did not say by addressing in a Q and A format some of the questions that have been raised.
The authors reemphasize their conclusion that聽Governor Romney鈥檚 tax plan聽cannot meet all of his stated criteria: lower rates, repeal of the AMT and the estate tax, maintaining preferences for saving and investment, not raising taxes on the middle class, and revenue neutrality.
The authors also find that the basic conclusions are unchanged if two preferences for saving and investment鈥� the tax exclusion for municipal bond interest and the exclusion of inside-buildup on life insurance vehicles鈥攁re added to the list of base broadening provisions that might be used to pay for individual income tax rate cuts.
Check out the聽new paper聽to see the authors鈥� responses to questions about their analysis
