Tag Archives: Alternative Minimum Tax

The Talk: A Feast of Presidential Jobs Plans

The Talk: A Feast of Presidential Jobs Plans
September 9, 2011

Chip Lebovitz: This week America was treated to a jobs plan trio. GOP president candidates Jon Huntsman and Mitt Romney began the week by tossing their plans in the ring, only to be followed up by the actual president outlining his plan in front of a joint session of Congress last night. Which of the three plans did you find to be the most convincing?

Ross Freiman-Mendel: Obviously of the three, Huntsman and Romney have more conservative bents, thus I value their plans over Obama’s. Considering the specifics, Huntsman demonstrates the greatest understanding of what needs to be done. Romney’s plan is too timid and, considering his weak performance in Massachusetts, I put little faith in vague promises of spending cuts.

Chip Lebovitz: You’ve missed the main thrust of these plans, and it’s important to put these plans in context – they are campaign plans. They aren’t suppose to focus on the granular in order to avoid staking out damaging positions that might hurt them in the general election. Do you think that wanting to end the Alternative Minimum Tax, one of the most popular tax breaks, is going to go over well for Huntsman in a general election? Furthermore, you also missed the point of Romney’s plan; it’s more a veritable stew of tax cuts and more oil drilling than spending cuts, only guaranteeing $20 billion a year: no vague promises there.

Ross Freiman-Mendel: Of the two plans, Romney’s is more vague and affords him more wiggle room. On tax reform, for example, he says that he’s in favor of it “in the long run” and outlines only nominally how those reforms would manifest. That’s instructive. In contrast, Huntsman provides Krauthammer-esque specifics (a plus for me)! Regardless of what Romney promises — and citing one specific doesn’t obscure the fact that the plan is generally vague — his record in Massachusetts pales in comparison to Huntsman’s; if he can’t perform the task as Governor, why should I believe he’ll do it as the president?

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