Since Romney’s tax plan is “mathematically impossible”, a President Romney could end up a closet Keynesian like Reagan
Josh Barro has written a very comprehensive post at Bloomberg analsying Mitt Romney’s tax plan. His conclusion is that the plan is mathematically impossible, leading one to assume that a President Romney would have to break his pledge on the deficit, taxes or cut more. Which is likely to happen, if Romney gets to the White House. That’s a question many weren’t asking before two weeks ago. But Romney has made the US presidential race contestable. And so it is an important question in understanding likely outcomes on the fiscal cliff and other political questions that impact the US and global economy.
[Content protected for Gold members only]