Opinion

Princeton economist scolds Obama for ‘mischarcterizing’ his work

From Wednesday night forward, the Obama campaign, liberal pundits and even  some mainstream media outlets claim that one reason for Mitt Romney’s debate success is his stretching of the truth. This is especially so with respect to Romney’s tax plan claims.

During the debate, President Obama stated that the Romney plan would require either raising taxes on the middle class or further increasing the deficit.

In a press release, the Obama campaign stated “Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes.” This was part of the president’s argument during the Denver debate.

The Obama press release continues, “In fact, 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 $100,000 and $200,000.”

However, Rosen disputes this claim in the following email he sent to The Weekly Standard.

I can’t tell exactly how the Obama campaign reached that characterization of my work.  It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal.  The main conclusion of my study is that  under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same.  That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.

In the following video, Fox News anchor Megyn Kelly and analyst Dana Perino discuss the left’s portrayal of Mitt Romney as a liar after his debate success.

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