Scot Lehigh’s Aug. 8 op-ed column “Romney’s fanciful tax plan” expresses misgivings with Mitt Romney’s tax plan. These misgivings are based on an assessment from the left-leaning Tax Policy Center that concludes that the Romney plan would increase the deficit. But the column relies, without critical review, on a study that is incomplete and biased.
Restoring economic growth is the key to bringing the federal budget into balance. And Romney’s plan has to be considered as a whole. It consists not merely of tax rate cuts, but of responsible spending reductions, regulatory reforms, trade measures, increased energy development, and a host of other steps that, in their totality, would bring the US economy roaring back to life. And federal revenues would soar with it.