Need some help here: if Romney's plan is 'revenue neutral'

[DebJ]

and only 1 of 3 taxpayers itemize; 2/3rds do not/cannot, than why is it so important to change this tax code? What is the benefit? If he is proposing allowing people to use current deductions, but just up to a ceiling of $17,000, then all those deductions still have to be added up, tracked/audited, etc. What is the gain? And how would a revenue neutral plan reduce the deficit?

Confused..............

[PDJane]

1. That's because it doesn't work.

[TheMastersNemesis]

2. It Does NOT Reduce The Deficit Because

they want to increase the deficit to the point that ALL domestic spending can be ended entirely and turned over to the churches. And the churches will not fill the gap. They have no intention of reducing the debt. It is just a political tool.

If you listen to R$R they are saying that the only people who will be helped by government is high class elitists like them. We have to realize just how evil and horrible these people are. They really are not any better than the Nazis when you add up their rhetoric or policies.

[HopeHoops]

3. To quote a certain moron, "it's fuzzy math".

[Cosmocat]

4. they are trying to say that 100 - 20 = 100

It is hard to say, because, literally, and this is the truth, Romney makes this crape up as he goes and it does change from day to day.

That being said, he started with the usual republican BS that cuts to the top earners will magically make jobs.

People started to focus on the simple reality that cuts to the top earners would increase the deficit even more.

He then threw out that he would balance it by cutting deductions.

People started to focus on the simple reality that deductions for the most part help the middle class, and the middle class would see a tax increase to balance out the tax cut for the upper income earners.

Right now, it sort of depends on who he is talking to. But, they want to use deductions as a wild card that somehow allows them to BOTH make it a net neutral tax revision AND have tax cuts that SPUR THE ECONOMY!

You are however, asking the questions that the "liberal" media should be asking. The SIMPLE FRICKEN MATH.

End of the day, your sober analysis should be the final point - what they are campaigning on is a tweaking of the tax system that does not give anyone a tax increase. THAT is your big idea to be president?

What everyone knows - they will rates across the board, then allow their wing nut House members to do the dirty work of taking our deductions. They then will say, it was not their idea, but was the comprise to get a deal done with the House. The final product, despite taking our deductions won't balance, and will increase the debt, and it won't do jack for the economy or jobs.

But, the evil liberal boogyman will be to blame in some way.

[Texas Lawyer]

5. It doesn't add up. Watch or read Rmoney's MTP press interview from September 9

links: http://www.msnbc.msn.com/id/48959273/ns/meet_the_press-transcripts/#.UGxYpVHMPh8, http://www.huffingtonpost.com/2012/09/09/mitt-romney-meet-the-press-david-gregory_n_1868546.html, http://www.politico.com/news/stories/0912/80952.html#ixzz28FWTlKKL

Willard promises "I am not reducing taxes on high-income taxpayers," but then he says he would "bring our rates down to encourage growth, [but] keep revenue up by limiting deductions and exemptions."

This is nonsense. If the the elimination of loopholes and deductions and exemptions balances the cut in tax rates, and the change is "revenue neutral" as Willard promises, such a neutral change does nothing to encourage or discourage growth because it is a neutral change.