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<blockquote data-quote="roadrunner2012" data-source="post: 1015503" data-attributes="member: 40736">In the words of David Firestone of the New York Times, Romney&#039;s budget <a href="http://www.nytimes.com/2012/08/12/opinion/sunday/romneys-tax-plan-defies-the-rules-of-math.html" target="_blank">&quot;defies the rules of math.&quot;</a>&nbsp; Ryan and Romney both want to keep in place the Bush-era tax cuts, and&nbsp; then cut them much further. But that, they claim, won&#039;t raise the&nbsp; deficit by a dime, because the plan will be made &quot;revenue neutral&quot;&nbsp; through closing tax loopholes. The only problem is that they don&#039;t name&nbsp; what loopholes they will close. &nbsp; The Tax Policy Center, a nonpartisan group of tax experts, estimates&nbsp; that Romney&#039;s plan, which differs only slightly from the Ryan plan,&nbsp; would cost over $4.5 trillion over the next decade. What about the&nbsp; closing of loopholes to offset that cost? According to the Tax Policy&nbsp; Center, there aren&#039;t even enough loopholes in the tax code to balance&nbsp; the cuts.</blockquote>

[QUOTE="roadrunner2012, post: 1015503, member: 40736"] In the words of David Firestone of the[I] New York Times[/I], Romney's budget [URL="http://www.nytimes.com/2012/08/12/opinion/sunday/romneys-tax-plan-defies-the-rules-of-math.html"]"defies the rules of math."[/URL] Ryan and Romney both want to keep in place the Bush-era tax cuts, and then cut them much further. But that, they claim, won't raise the deficit by a dime, because the plan will be made "revenue neutral" through closing tax loopholes. The only problem is that they don't name what loopholes they will close. The Tax Policy Center, a nonpartisan group of tax experts, estimates that Romney's plan, which differs only slightly from the Ryan plan, would cost over $4.5 trillion over the next decade. What about the closing of loopholes to offset that cost? According to the Tax Policy Center, there aren't even enough loopholes in the tax code to balance the cuts. [/QUOTE]

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