One of the most persistent platforms touted by Mitt Romney and the Right is the “trickle down theory,” the notion that lowering taxes on the wealthy “creates jobs.” It posits that wealthy “job creators” typically take that banked money (saved by lowering taxes) and use it to create more jobs, pay more employees, lower the unemployment rate, and seed the country with a growing job force.
According to at least one experienced tax CPA, that’s a myth.
In researching the veracity of several points of the Romney platform, I had the opportunity to discuss, in some depth, the Romney “trickle down” theory with a longtime tax CPA whose politics tend toward center, as does her geographic location (mid-country/not urban), making her as much of an “everyman/woman” as can be found in these polarized times. While keeping her name anonymous for reasons of professional privacy, her perspective rang sharp with the veracity of experience and inside knowledge of the actual facts of this theory, rather than the hoped-for, naïve, or, more nefariously, purposeful obfuscation of those proffering the platform.
keyboard shortcuts: V vote up article J next comment K previous comment