2012 Presidential Election (free for all edition)

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More facts you say?

FactCheck.org : Romney’s Impossible Tax Promise


You were saying? Unbiased you say?

But he has steadfastly refused to say which tax preferences would be cut or reduced. He has pointed to the revenue-neutral proposals for rate-cutting put forth by the deficit commission as evidence that what he proposes is possible in theory, but those proposals pay for the cuts largely by taxing capital gains at the higher rates that apply to ordinary income, a measure Romney has specifically ruled out.

So Romney has failed to produce evidence that what he promises is possible. And we judge that the weight of evidence and expert opinion is clear — it’s not possible.

But Romney’s claim that he can somehow slash individual income tax rates without losing federal revenue or favoring the wealthy remains at best unproven, and in our judgment, based on available evidence, impossible.