[Son House]

This Democrat attack on the Romney tax plan based on Moody's is based on assumptions. It's no wonder why Democrats all seem to know this $200,000 cut off for who the Romney tax plan helps or hurts, when it is actually the Democrat plan that hurts everyone, because the middle class needs jobs, not another food-stamp or unemployment check for Democrats to say the middle class got money in their pockets. The Democrat plan is the only plan that raises taxes on anyone.

http://www.washingtonpost.com/blogs/plum-line/post/romney-my-one-page-plan-will-create-12-million-jobs/2012/08/03/85b51d3a-dd84-11e1-8e43-4a3c4375504a_blog.html
Mark Hopkins, a senior analyst at Moody’s Analytics

However, the economic assumptions embedded in our forecast include only an extension of Bush-era tax rates for those under 250K, which is more closely aligned with the Obama administration’s position. We also assume a bipartisan deal to scale back sequestration and achieve a long-run fiscally sustainable path, with Democrats accepting reforms to Social Security and Medicare in exchange for the increase in top tax rates.

[Son House]

I think Moody’s needs to be called on their assumptions, it’s more of a self fulfilling prophesy; Mark Zandi, Chief Economist Moody’s Analytics.

September 20, 2010
Economists: Extend Bush tax cuts for everyone
http://money.cnn.com/2010/09/19/news/economy/what_to_do_economists_survey/index.htm

“If those tax cuts expire for everybody, we go into a double-dip recession,” said Mark Zandi, chief economist of Moody’s Analytics.

Zandi and some of the economists calling for an extension of cuts for the wealthy want to phase out the lower rates for those taxpayers after a couple of years to limit the cost to the Treasury.