Early in the first presidential debate, Mitt Romney said his across-the-board tax cuts will not add to the deficit. He also said he would not reduce the "share" of taxes paid by higher-income Americans. Romney's tax plan has been widely criticized for pledging to close the deficit while steeply lowering tax rates, which many economists say is mathematically impossible without raising the tax burden on the middle class by closing popular loopholes and deductions. Obama rejected Romney's claim, saying, "It's math. It's arithmetic." Here, some reactions from the Twitterverse:
Romney is killing it. I don't think I've ever seen him this strong in a debate. His tax math doesn't add up, but that doesn't matter tonight— Josh Barro (@jbarro) October 4, 2012
Problem with Romney's "no tax cuts that add to the deficit" principle: He seems to count on economic growth the make up the gap. Fuzzy math.— Noam Scheiber (@noamscheiber) October 4, 2012
Romney is claiming his tax plan will not increase deficit AND will not raise middle clas tax burden. Mathematically impossible. #debates— Greg Sargent (@ThePlumLineGS) October 4, 2012
Romney is not going to reduce the SHARE of taxes paid by high-income Americans,he says. the SHARE.— Marc Ambinder (@marcambinder) October 4, 2012
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- Is it now OK to have sex with animals?
- Republicans love this new health care plan. Too bad it's basically a tax cut for the rich.
- In defense of Gwyneth Paltrow
- 8 tricks to surviving the holidays without gaining weight or being grouchy
- 43 TV shows to watch in 2014
- 17 old proverbs we should use more often
- Adam Sandler's 'Thanksgiving Song': Explaining the 22-year-old tune's pop-culture references
- Don't blame Chuck Hagel: Obama's foreign policy has been a disaster from end to end
- How to be the most productive person in your office — and still get home by 5:30 p.m.
Subscribe to the Week