10/11/2012 01:35 am ET Updated Oct 11, 2012

The Real Reason Romney's Tax Math Doesn't Add Up

Mitt Romney’s tax plan has three key planks. He cuts personal income tax rates by 20 percent across the board; he eliminates deductions, exclusions and credits so that the deficit does not grow; and he doesn’t make the tax code any less progressive. Unfortunately, as the Tax Policy Center has shown, only two of these planks can co-exist.

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