| Romney tax plan avoids several key Simpson-Bowles proposals that would raise taxes overall and reduce the deficit. Instead, Romney tax plan relies solely on mostly unspecified spending cuts to trim deficit. In the recent contretemps over Mitt Romney's tax plan, some Romney partisans have asserted that the Massachusetts governor's revenue plank mimics the tax elements of the deficit reduction plan proposed in 2010 by Erskine Bowles and Alan Simpson, the chairs of President Obama's deficit fiscal commission. This claim is absurd. These two proposals could hardly be more different. |
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