Frothy complains that Mittens is a wimp about taxes.
Our economy and American families are struggling, and the country needs bold reforms and major restructuring, not tinkering at the margins. …my opponent in the Republican primaries, Mitt Romney, had a last-minute conversion. Attempting to distract from his record of tax and fee increases as governor of Massachusetts, poor job creation, and aggressive pursuit of earmarks, he now says he wants to follow my lead and lower individual as well as corporate marginal tax rates.
It’s a good start. But it doesn’t go nearly far enough. He says his proposed tax cuts would be revenue neutral and, borrowing the language of Occupy Wall Street, promises the top 1% will pay for the cuts. No pro-growth tax policy there, just more Obama-style class warfare.
Mittens is tinkering at the margins? Ezra Klein says,
Mitt Romney is promising that taxes will go down, defense spending will go up, and old-people programs won’t change for this generation of retirees. So three of his four options for deficit reduction — taxes, old-people programs, and defense — are now either contributing to the deficit or are off-limits for the next decade.
Romney is also promising that he will pay for his tax cuts, pay for his defense spending, and reduce total federal spending by more than $6 trillion over the next 10 years. But the only big pot of money left to him is poor-people programs. So, by simple process of elimination, poor-people programs will have to be cut dramatically. There’s no other way to make those numbers work.
In fact, Mittens recently proposed a 20% across-the-board cut in income tax rates. This is much more drastic than what he has been proposing, but he has to keep moving Right to stay in the race.
Not to be outdone, Frothy is proposing a ten-point Economic Freedom Agenda, which he says will balance the budget in four years. Yes, and I’m Jean Dujardin. And the dog.
Here are his ten points, briefly:
- Drill, baby, drill; frack, baby, frack; and pipeline, baby, pipeline.
- Cut taxes.
- Cut taxes.
- Lay off public employees.
- Repeal “Obamacare” and replace it with the better plan Republicans keep promising but can’t seem to find anywhere.
- Pass a balanced budget amendment.
- Make lots of free trade agreements.
- Cut the hell out of “entitlement” programs.
- “Revive housing” by finally killing off Fannie and Freddie.
Seriously. I left out some details, but the whole plan is such a fantasy the details are kind of irrelevant. Obviously if the country goes this way in no time we’ll be in such a hole that Greece will look good.