Romney’s Rates Seen Spurring Growth Too Little Too Late

Mitt Romney says his tax plan adds up. President Barack Obama says it doesn’t. They don’t even agree on what “add up” means.

Romney’s proposed tax cuts create a $5 trillion hole in the U.S. budget, which he says would be filled by curtailing tax breaks and by assuming the tax cuts will spur economic growth. Obama says that Republican assumption simply means a bigger budget deficit.