Economics
Romney Tax Math Gets Easier With More Breaks on Table
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Mitt Romney’s tax plan is more arithmetically feasible than previously estimated and more politically difficult, according to an updated analysis from the authors of a nonpartisan tax study.
The Tax Policy Center had initially calculated that Romney would need to shift $86 billion of the federal tax burden in 2015 from top earners to everyone else to meet other goals in his fiscal plan, because there aren’t enough tax breaks for high earners to offset rate cuts for that group.