OK, not sure why I am bothering with this because this is moving goal posts 101, but the Democrats argument is not simply that Romney won't give details and therefore it's a bad plan. When they make the "details" argument, they are trying to get people to ask themselves how Romney is going to pay for his plan. Now, yes, Romney has said he plans to pay for a 20% across-the-board rate reduction by eliminating credits and deductions. The democratic response to this is that there is no possible way that you can slash rates by 20% across-the-board and pay for it only through elimination of credits and deductions and have it be revenue neutral. There simply aren't enough "loopholes" to offset a 20% rate reduction, so you're either going to blow up the deficit even further, or you're going to cut spending in a way that most democrats believe is socially irresponsible.
In addition, the elimination of credits and deductions in exchange for lower rates will be a windfall for rich people and harmful to the middle class, because rich people are better positioned to withstand the loss of the mortgage deduction, student loan interest deduction, child tax credit, etc., and they stand to benefit more from the rate reduction. The democrats believe that the republicans believe that this system will ultimately be beneficial to everyone because of "trickle down" economics. Of course, republicans will not admit this because even the average voter recognizes trickle down economics as a repulsively stupid idea.
This is all well said. I think it goes along with an analogy I read on the Huffington Post earlier:
Suppose Governor Romney said that he wants to drive a car from Boston to Los Angeles in 15 hours. And suppose some analysts employed tools of arithmetic to conclude that "If Governor Romney wants to drive from Boston to LA in 15 hours, it is mathematically impossible to avoid speeding." After all, the drive from LA to Boston is about 3,000 miles, so to take only 15 hours would require an average of 200 miles per hour. Certainly other road trips are possible -- but the particular one proposed here is not.
Especially in this inflamed campaign environment, one can imagine the frenzied responses. The Obama campaign might put ads out that say Romney wants to speed or is going to speed. Romney's campaign might respond by saying the study is a "joke" and "partisan," that he supports speeding laws and would never, ever speed, and it is ridiculous to suggest that he would. The Romney campaign and its surrogates might say that the analysts must be wrong because they don't even know what his road plan is or which car he would drive. Besides, Romney never really said he wanted to go LA, he might want to go somewhere closer; he could get to LA without speeding if he took more than 15 hours; he could get somewhere else in 15 hours without speeding. And so on.
Well, what if it didn't actually get to 20%? What if it was 19.9%...or 15%...or 10%? What if 20% was the goal, and that he'd aim to get there at the end of two terms? What if the loopholes being closed were heavy on the corporate side? What if he closed loopholes by tax brackets, and closed them on the rich? (In that sense....what if it were a sly way or actually raising taxes?)
What if drastic cuts to military spending and useless discretionary spending (does it exist?) helped offset it?
What if the lowering of the corporate rate while closing loopholes benefited small businesses and created an environment where they could start up and expand, leading to higher returns? After all, isn't everyone not getting a loophole ultimately paying for the other guy?
So yeah, if he can't, right now, get to LA in 15 hours...what if he got to Indianapolis. That's certainly doable, and certainly progress. It's certainly, ahem, "FORWARD."
So, to summarize, the democrats' response to Romney's "tax plan" is that it is not possible to pay for such a plan in the manner in which he says he intends to, so that calls into question his plan for the deficit and/or the government's social contract with its citizens.
I disagree, what falls into question is the "20%" buzzword he is selling for votes. Obviously,
if it's mathematically impossible then it can't be done. Romney would know that better than us two. That doesn't mean it won't be his general philosophy and I think that, generally, closing unfair loopholes and making a more hospitable environment for the middle class/small business is something everyone can get behind.
Obviously, you are evidence that the democrats' argument is not universally persuasive, as you have said you implicitly trust Romney based on his experience as a venture capitalist.
He's done a bit more than be a venture capitalist. Not that being a venture capitalist is a bad thing at all.
Many people are in agreement with you; others sympathize with the democrats' argument and view Romney's venture capital background as more of a minus than a plus.
If I recall correctly, some key folks in the Democratic Party backed way off of Obama's disdain for Romney's venture capitalist past. I believe a few said that he was an excellent businessman, and lamented the President's campaign a bit.
That is essentially what the election boils down to, right? Or do you just ignore the possibility that the other side has any point or basis for their beliefs?
I think they do have points. Many, in fact. I thought your right up was perfectly fine and agreed with a lot of it.
I guess I treat projects and criticisms like I would a CBO report. "Under X, Y, Z, this will be the cost." I think we're putting the wrong things in concrete terms, on both sides. None of the things are actually concrete. Is it Romney's fault for constantly saying "20% cut".....ummm, yeah. News flash: it's campaign season.
