Mitt’s Tax Math Won’t Work: Moody’s Chief Economist

Hey look, Joe the Happy Warrior was right.

Speaking on CNN’s “Starting Point,” Zandi acknowledged a study by the Tax Policy Center that shows Romney’s plan to lower taxes by 20 percent across the board, while making up those losses in government revenue by closing loopholes on the wealthy, doesn’t add up. Zandi even went so far as to say that “the arithmetic doesn’t work as it is right now”:

ZANDI: Yeah, I think the Tax Policy Center study is the definitive study. They’re non-partisan, they’re very good. They say given the numbers that they’ve been provided by the Romney campaign, no, it will not add up. Now, the Romney campaign could adjust their plan. They could say okay I’m not going to lower tax rates as much as I’m saying right now and they could make the arithmetic work. But under the current plan, with the current numbers, no it doesn’t.

Oops. Ryan can cite all the studies by rightwing think-tanks and bloggers he likes but Moody’s is the real deal. They actually get to decide what kind of credit rating America has, and if the sums don’t add up…