comments
Respond
Comment on the article
Add a citation
Reply with an article
Start a new topic
Edit
Edit article
Delete article
Share
Invite
Link
Embed
Social media
Avatar
View
Graph
Explorer
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 levels
Load all levels
All
Dagre
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 level
Load all levels
All
Tree
SpaceTree
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Radial
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Box
Focus
Expanding
Down
Up
All
Down
Article ✓
Outline
Document
Down
All
Page
Canvas
Time
Timeline
Calendar
Updates
Subscribe to updates
Get updates
Past 24 hours
Past week
Past month
Past year
Pause updates
Contact us
Diamond simulation
The Economic Effects of the Romney Tax Plan
RELATED ARTICLES
Explain
⌅
Visualizing the Romney Tax Debate
Visualizing the Romney Tax Debate☜Tax reform has emerged as a major bone of contention in the 2012 Presidential election campaign. While President Obama has identified some tax changes, Governor Romney proposes major systemic reform. But is his plan - especially the proposals for individual taxation - viable?☜F1CEB7
⌃
Romney's plan stated
Romney's plan stated☜For individual taxation, Romney proposes rate cuts for all taxpayers to be funded by reducing or eliminating various tax preferences. His plan aims to do this without raising the tax burden on low and middle income taxpayers, defined as $200,000 or less. It also abolishes several other taxes.☜59C6EF
⌃
But does it compute?
But does it compute?☜In early August the Tax Policy Center produced an analysis showing that achieving all the goals of the Romney plan is mathematically impossible. Romney cited six studies in reply. Economists, journalists, bloggers and others then joined in on both sides. So is the plan mathematically possible?☜FFB597
⌃
Yes - it does compute
Yes - it does compute☜In the Presidential debates Obama referred to the TPC finding that Romneys individual tax plan did not add up. Romney responded by citing six studies that, he claims, refute the TPC. As discussed in the parent But does it compute? node, we have decided to make the No case the main locus.☜59C6EF
⌃
The cited studies
The cited studies☜Each study cited by the Romney camp is added here, with each identified simply by author surname and item type (article, paper, simulation etc). No attempt is made here to parse their argumentation - that is done in the map of the No case - to relevant locations in which each item is linked.☜98CE71
■
Diamond simulation
Diamond simulation☜The Economic Effects of the Romney Tax Plan☜98CE71
⇤
Growth estimate 1 - Diamond study
Growth estimate 1 - Diamond study☜Based on simulations using a widely-used general equilibrium growth model, John Diamond of Rice University estimates the macro-dynamic growth impact of something like the Romney tax plan at 5.4 percent over a decade. This is used in the revenue estimates made by Rosen.☜FFFACD
⇤
Assumes revenue neutrality
Assumes revenue neutrality☜In his simulation leading to the 5.4 percent growth estimate Diamond assumes that the Romney tax plan is revenue neutral. Yet Rosen is using the Diamond growth estimate to show that the plan can be revenue-neutral. Therefore the argument is circular.☜FFFACD
⇤
Labor force analysis
Labor force analysis☜Diamond relies on a separate paper to support his claim that most of the labor supply response arising from his simulation will be due to increased workforce participation rather than existing employees working longer.☜FFFACD
□
Brill article
Brill article☜The Romney Tax Plan: Not a Tax Hike on the Middle Class☜98CE71
□
Dubay paper
Dubay paper☜Tax Policy Center’s Skewed Analysis of Governor Romneys Tax Plan☜98CE71
□
Entin and McBride simulation
Entin and McBride simulation☜Simulating the Economic Effects of Romneys Tax Plan☜98CE71
□
Feldstein article
Feldstein article☜Martin Feldstein: Romneys Tax Plan Can Raise Revenue☜98CE71
□
Feldstein revision
Feldstein revision☜A reply from Martin Feldstein☜98CE71
□
Jensen article
Jensen article☜How the Tax Policy Center could improve its Romney tax study.☜98CE71
□
Rosen paper
Rosen paper☜Growth, Distribution and Tax Reform: Thoughts on the Romney Proposal.☜98CE71
□
Graph of this discussion
Graph of this discussion☜Click this to see the whole debate, excluding comments, in graphical form☜dcdcdc
Enter the title of your article
Enter a short (max 500 characters) summation of your article
Click the button to enter task scheduling information
Open
Enter the main body of your article
Prefer more work space? Try the
big editor
Enter task details
Message text
Select assignee(s)
Due date (click calendar)
RadDatePicker
RadDatePicker
Open the calendar popup.
Calendar
Title and navigation
Title and navigation
<<
<
July 2024
>
<<
July 2024
S
M
T
W
T
F
S
27
30
1
2
3
4
5
6
28
7
8
9
10
11
12
13
29
14
15
16
17
18
19
20
30
21
22
23
24
25
26
27
31
28
29
30
31
1
2
3
32
4
5
6
7
8
9
10
Reminder
No reminder
1 day before due
2 days before due
3 days before due
1 week before due
Ready to post
Copy to text
Enter
Cancel
Task assignment(s) have been emailed and cannot now be altered
Lock
Cancel
Save
Comment graphing options
Choose comments:
Comment only
Whole thread
All comments
Choose location:
To a new map
To this map
New map options
Select map ontology
Options
Standard (default) ontology
College debate ontology
Hypothesis ontology
Influence diagram ontology
Story ontology
Graph to private map
Cancel
Proceed
+Comments (
0
)
- Comments
Add a comment
Newest first
Oldest first
Show threads
+Citations (
1
)
- Citations
Add new citation
List by:
Citerank
Map
+About
- About
Entered by:-
Peter Baldwin
NodeID:
#232797
Node type:
SupportiveArgument
Entry date (GMT):
10/31/2012 4:55:00 AM
Last edit date (GMT):
10/31/2012 7:18:00 PM
Show other editors
Incoming cross-relations:
0
Outgoing cross-relations:
3
Average rating:
0
by
0
users
Enter comment
Select article text to quote
Cancel
Enter
welcome text
First name
Last name
Email
Skip
Join
x
Select file to upload