New Jersey Economist Says Obama Misrepresented His Tax Plan Study

Nassau Hall at Princeton University

In last week’s presidential debate and over the past several months, Obama Inc. has tried to distort Mitt Romney’s common sense tax proposals into something scary. They want Middle Class voters to think the squeeze is coming if Romney prevails on November 6th.

That’s a ridiculous assertion on multiple levels, Save Jerseyans, particularly because average Americans haven’t been under this much downward economic pressure since the Great Depression.

Mitt Romney literally couldn’t do any worse than Obama! Even if he tried.

But the President and his minions will continue to cook up self-serving lies in order to save their electoral skins. They’re also distorting other people’s words and work product to make it happen, including that of Princeton Professor Harvey Rosen. The Obama campaign recently claimed via a press release that a study by Professor Rosen supported their argument that Mitt Romney’s tax cuts couldn’t be “paid for” without tax increases on middle income earners.

Professor Rosen told The Weekly Standard that their claim is completely false:

I can’t tell exactly how the Obama campaign reached that characterization of my work. It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.”

[Emphasis Added]

Uh-O. Obama caught in another lie! They’re piling up, Save Jerseyans…

More context and supporting data from The Weekly Standard