The Romney Hood Fairy Tale (Great Refutation of Tax Policy Center's Lies Obama's Been Using)

Wall Street Journal ^ | 08/08/12

[MissesBush]

As he escalates his class war re-election campaign, President Obama has taken to calling Mitt Romney's economic plan "Robin Hood in reverse" or "Romney Hood." The charge is that even though Mr. Romney is proposing to cut tax rates for everybody across the board, Mr. Romney will finance this by imposing a tax increase on the middle class. His evidence is a single study by the Tax Policy Center, a liberal think tank that has long opposed cutting income tax rates.

The political left always says Daddy Warbucks gets all the tax-cut money. So this is hardly news, except that the media are treating this joint Brookings Institution and Urban Institute analysis as if it's nonpartisan gospel. In fact, it's a highly ideological tract based on false assumptions, incomplete data and dishonest analysis. In other words, it is custom made for the Obama campaign.

By the way, even the Tax Policy Center admits that "we do not score Governor Romney's plan directly as certain components of his plan are not specified in sufficient detail." But no matter, the study plows ahead to analyze features of the Romney plan that aren't even in it.

*** The heart of Mr. Romney's actual proposal is a 20% rate cut for anyone who pays income taxes. This means, for example, that the 10% rate would fall to 8%, the 35% rate would fall to 28% and all the brackets in between would fall as well. The corporate tax would fall to 25% from 35%.

The plan says these cuts would be financed in a revenue-neutral way. First, by "broadening the tax base," which means reducing or eliminating tax deductions and loopholes as in the tax reform of 1986.

[MissesBush]

Okay, spare us the anti-Romney diatribes in response to this. This article if you'll read it isn't about kissing up to Romney but defending the conservative tenent of marginal tax rate cuts, an argument we all need to be well-versed in making. It also raises some great points about how tax cuts make the tax code MORE progressive, not less, and refutes the Obama cult nonsense about the wealthy "not paying their fair share." So get past the Romney bashing and read this to make an effective argument against liberal lies about tax cutting, esp. the pernicious one being floated by the Obama cult about Romney needing to raise taxes on the middle class to pay for it.

[Tzimisce]

...Robin Hood was a man who came back from trying to throw the Muslims out of Israel and found that the taxes in England were so high no one could make a living.

Those taxes were being used to enrich an elite who ran the place at the expense of the population at large.

So Robin Hood began fighting the establishment. His targets were the tax collectors and their protectors (the Sheriff of Nottingham.)

Does that sound like Obama and his liberal horde in 2012?

[publius911]

We need to have regular RomneyHood reports to keep the story alive.

According to the latest report from the liberal Homeless National Tribune, published by the Soros publishing giant, Romney's take from his latest 30-day foray into robbing homeless settlements and other poor, has netted him 43 cents, a disappointing 12.34782% drop from the previous month.

[Cindy of Nashville]

Actually Robinhood did not steal from the rich and give to the poor as the saying goes. He stole from the government and gave it back to the people who the government had stolen it from.

[No Truce With Kings]

Does this make Obama the Sheriff of Nottingham? (Or rather, the Sheriff of Washington?)