This was CNN’s John Berman’s quick factcheck on the dispute over whether Mitt Romney had anyway to pay for his $5 trillion tax cut for high income earners …
Now let’s look at the facts here. Mitt Romney does propose across-the-board, 20 percent tax cuts. The nonpartisanTax Policy Center said under that plan, taxes on the wealthiest Americans would be reduced by $5 trillion initially. Romney said he would offset that by closing loopholes and reducing reductions. So if you take him at his word, our verdict that Mitt Romney would cut taxes on the wealthy by $5 trillion, the verdict here is false.
Romney says he’ll find a unicorn. And if you take him at his word, the verdict is false.
- Contributions allow us to hire more journalists
- Contributions allow us to provide free memberships to those who cannot afford them
- Contributions support independent, non-corporate journalism