However, despite a briefing for journalists aboard AirForce One in early October, the WSJ reports, Obama repeated the lie at a fundraising event in Los Angeles shortly after the plane landed. Moreover, says the WSJ, the Princeton economics lecturer, Dr. Harvey Rosen, which Obama says demonstrated that Romney must press taxes on Obama’s favoured “middle class” told The Huffington Post before the WSJ article appeared that his work has been misrepresented by the Obama campaign.
Obama had issued a press release saying “Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between USD100,000 and USD200,000.”
Rosen told The Huffington Post in an interview in early October that there is no way that this claim is accurate. “My paper doesn’t say it, doesn’t imply it,” Rosen said. He said that, if anything, his paper reached the opposite conclusion about Romney’s tax plan. “The paper shows that if you look at individual taxpayers with incomes of $200,000 or more, there is sufficient revenue from base broadening and growth to make up for the revenue lost from lower tax rates. Therefore, there is no need to make up revenue from groups with below $200,000.”
Rosen, then, thinks that there will in fact be no tax increase, not even the USD1 (real) billion that Obama’s campaign has still been saying.
So, you pays your money and you takes your choice. According to a running total showing on the Huffington Post website, at the time of writing this note, Romney has 33 electoral votes and Obama has 3, with Romney collecting 51.3% of the popular vote. The Democrats have secured a majority in the Senate with 54/100 seats having won one from the Republicans but in the House, of results so far declared, the Democrats are 11-3 ahead but, with 435 seats in contention, there is still a long way to go. At present, it looks as if lies about jobs trump lies about taxes.
Even when the truth is out there.
** First published at www.chiefofficers.net **
© 2012 Nigel Morris-Cotterill
All rights reserved.
Rosen’s paper: https://www.princeton.edu/ceps/workingpapers/228rosen.pdf
Huffington post: http://www.huffingtonpost.com/2012/10/08/harvey-rosen-obama-campaign_n_1948615.html
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