He's lying about something

Mitt Romney's tax mythology, made simple

By Jonathan Bernstein, WashPost

I’ve said this before, but Mitt Romney’s new formulation of his tax plan — one he used at the debate, and which he repeated to Wolf Blitzer yesterday — makes it absolutely clear that he’s lying about something. You don’t need complicated Tax Policy Center analysis, or for that matter anything beyond basic logic, to see why his pledge of revenue neutrality doesn’t jibe with what he’s saying.

Here’s his quote to Blitzer:

“Well, I’ve made it pretty clear that my principles are, number one, simplify the code; number two, create incentives for small businesses and large businesses to grow; number three, don’t reduce the burden on high income taxpayers; and number four, remove the burden somewhat from middle income people.”

Now, in real life, we know that Romney’s actual specific pledges would yield a big tax cut for the rich. But even if you accept this version of Romney’s plan — even if you accept that Romney would cut the wealthy’s tax rates, and then offset that by taking away loopholes and deductions the rich enjoy — the overall math of his plan simply can’t work.

(More here.)