Fact Check: The $5 trillion cut: "Obama, in referring to Romney’s plan as a $5 trillion tax cut, is basing that on the estimate of reducing tax rates by 20 percent while also extending the Bush tax cuts, two planks of the plan. Romney has argued that he can eliminate loopholes and deductions to make up that revenue but has not specified which ones. Romney has countered that “six other studies” have found that the plan can be revenue neutral, but he’s wrong about that. Those studies actually do not provide much evidence that Romney’s proposal — as sketchy as it is — would be revenue neutral without making unrealistic assumptions."
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What Romney is doing is proposing that he be let into the chicken coop and that he and the Congress can rule. It makes little difference what he says since he has shown he can confuse most of the people, But as the saying goes, lying and fooling is not capable of completely fooling everyone. Romney lies when he says he is not proposing a $5 trillion tax cut. He lies when he says he would not increase the debt. He is doing whatever it takes to fool enough people that he can wield the levers of power and then watch out.
