Republican presidential candidate Mitt Romney’s tax proposal would add $600 billion to the U.S. budget deficit in 2015, according to a study released today by the nonpartisan Tax Policy Center in Washington.
The analysis compares the revenue that Romney’s tax-code changes would generate compared with expected U.S. revenue under current law, which assumes that several income tax cuts will expire as scheduled at the end of 2012.
The numbers were released five days before Romney, a former Massachusetts governor, seeks to solidify his front-runner status with a win in the New Hampshire primary.
The analysis said Romney’s plan would “reduce federal tax revenues substantially” though not as deeply as some of his opponents. In a separate study released Dec. 12, the Tax Policy Center said former U.S. House Speaker Newt Gingrich’s proposed tax regime would add $1.3 trillion to the budget deficit in 2015.
Social Justice: Current Affairs, Business, Politics, and all the reasons in the world to Thrive on Creative Discontent!
No comments:
Post a Comment