This talk has been up a few times. Demoncrats are screaming at Romney for lying, but the AEI has this to say:
http://www.american.com/archive/2012/oct...ddle-class
If you include the possibility of dynamic effects, the Romney plan becomes tenable. Empirical evidence indicates dynamic effects are real and significant, especially for high income earners. Prescott had some optimistic estimates, but they do have an impact in the long run.
I had no idea TPC did not include dynamic effects. That really surprised me. The ball for intellectual dishonesty (as far as this is concerned) is now firmly in the other court...
http://www.american.com/archive/2012/oct...ddle-class
If you include the possibility of dynamic effects, the Romney plan becomes tenable. Empirical evidence indicates dynamic effects are real and significant, especially for high income earners. Prescott had some optimistic estimates, but they do have an impact in the long run.
I had no idea TPC did not include dynamic effects. That really surprised me. The ball for intellectual dishonesty (as far as this is concerned) is now firmly in the other court...
A year from now you'll wish you started today