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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (200976)9/11/2012 12:17:03 PM
From: JohnM  Read Replies (1) | Respond to of 542054
 
Krugman.
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September 11, 2012, 8:46 am
The Moving Middle

Just a quick note: Ezra Klein goes through Martin Feldstein’s attempt to defend the Romney tax plan against the charge that it’s mathematically impossible to make the numbers add up without raising taxes on the middle class, and concludes that it depends on big tax increases on people making between 100K and 200K a year — and hence on the assertion that people with incomes even slightly over 100K aren’t middle class.

I think this would come as a surprise to a lot of Americans. But anyway, do people remember how, just a little while ago, we had howls of protest over Obama’s intention to raise rates on people with incomes over 250K, on the grounds that an income in that range didn’t make you truly rich?

So I guess the middle class is an elastic thing: it stretches to 250,000 or more if we’re condemning Democratic plans, but drops to less than 100,000 for Republican plans. Good to know.

krugman.blogs.nytimes.com



To: JohnM who wrote (200976)9/11/2012 7:08:22 PM
From: Steve Lokness  Read Replies (1) | Respond to of 542054
 
<<<<And I’ve spoken to journalists who are sure that Romney will be forced to say more before Election Day.>>>>

Isn't that the role of the debates? One would expect that even if the debate moderator fails to ask the proper question - that Obama can move one of his answers to reveal this problem of Romney's plan. Sure would be fun to be able to sit in on the practice session for the debates huh.



To: JohnM who wrote (200976)9/11/2012 9:40:05 PM
From: Sam  Respond to of 542054
 
Paul Ryan has been running around for years with a supposed fiscal plan constructed largely out of magic asterisks, and got hailed as a Bold Truthteller. Romney must be asking why the rules have changed.

Reagan did the same thing with his big tax cut in the early 80s. His cut passed, and the entirely predictable deficits emerged. David Stockman tells the story in his '85 book, The Triumph of Politics.