{"id":6474,"date":"2012-02-23T11:34:54","date_gmt":"2012-02-23T16:34:54","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=6474"},"modified":"2012-02-23T11:34:54","modified_gmt":"2012-02-23T16:34:54","slug":"bipartisan-group-pans-tax-plans-of-almost-all-gop-presidential-candidates","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2012\/02\/23\/bipartisan-group-pans-tax-plans-of-almost-all-gop-presidential-candidates\/","title":{"rendered":"Bipartisan Group Pans Tax Plans Of (Almost) All GOP Presidential Candidates"},"content":{"rendered":"<div id=\"attachment_6476\"  class=\"wp-caption module image center\" style=\"max-width: 620px;\"><a class=\"fancybox\" title=\"Among the GOP field, one report finds only Ron Paul's tax plan wouldn't increase national debt\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/139556649.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-6476\" title=\"Republican presidential candidates Ron P\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/139556649-620x380.jpg\" alt=\"\" width=\"620\" height=\"380\" srcset=\"https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/139556649-620x380.jpg 620w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/139556649-300x184.jpg 300w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/139556649-220x135.jpg 220w\" sizes=\"(max-width: 620px) 100vw, 620px\" \/><\/a><p class=\"wp-media-credit\">Don Emmert \/ AFP\/Getty Images<\/p><p class=\"wp-caption-text\">Among the GOP field, one report finds only Ron Paul&#39;s tax plan wouldn&#39;t increase national debt<\/p><\/div>\n<p>As we publish, <a title=\"US Budget Watch\" href=\"http:\/\/usbudgetwatch.org\/\" target=\"_blank\">US Budget Watch<\/a> (part of the bipartisan group <a title=\"Committee For A Responsible Federal Budget\" href=\"http:\/\/crfb.org\/\" target=\"_blank\">Committee for a Responsible Federal Budget<\/a>) just announced release of a report analyzing the tax plans of the GOP presidential candidates.\u00a0 (We&#8217;ll link to it when it becomes available.)<\/p>\n<p>According to their research, only Ron Paul&#8217;s tax plan won&#8217;t dramatically increase the national debt.<\/p>\n<p>In a <a title=\"Report: Debt will swell under top GOP hopefuls\u2019 tax plans\" href=\"http:\/\/www.washingtonpost.com\/business\/economy\/report-debt-will-swell-under-top-gop-hopefuls-tax-plans\/2012\/02\/22\/gIQAzAJvUR_story.html?wpisrc=nl_headlines\" target=\"_blank\">preview piece for the <em>Washington Post<\/em>, Lori Montgomery writes<\/a> that the plans proposed by Rick Santorum and Newt Gingrich would add the most to the $15.4 trillion debt:<!--more--><\/p>\n<blockquote><p><div class=\"related-content alignright\"><h4 class=\"related-header\">Related<\/h4><div class=\"links\"><h5>Posts<\/h5><ul><li class=\"link\"><a href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/2012\/01\/09\/six-ways-new-hampshire-voters-think-about-jobs-and-the-economy\/\">Six Ways New Hampshire Voters Think About Jobs And The Economy<\/a><\/li><li class=\"link\"><a href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/2012\/01\/04\/the-ultimate-nh-primary-cheat-sheet\/\">The Ultimate NH Primary Cheat Sheet: Where The Candidates Stand on Economic Policy<\/a><\/li><\/ul><\/div><div class=\"topics\"><h5>Topics<\/h5><p class=\"topic\"><img class=\"alignleft\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/08\/6355404323_cf97f9c58e-60x60.jpg\" height=\"60\" width=\"60\" \/><a href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/topic\/taxes\/\">The Essential Guide To New Hampshire State\u00a0Taxes<\/a><\/p><p class=\"topic\"><img class=\"alignleft\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/01\/136695278-60x60.jpg\" height=\"60\" width=\"60\" \/><a href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/topic\/nh-primary\/\">StateImpact\u2019s Essential Guide To The NH Primary<\/a><\/p><p class=\"topic\"><img class=\"alignleft\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/10\/1058204843_32496fe28c-60x60.jpg\" height=\"60\" width=\"60\" \/><a href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/topic\/new-hampshire-economy\/\">Your Guide To New Hampshire\u2019s Economy<\/a><\/p><\/div><\/div>&#8220;Both men have <a href=\"http:\/\/www.washingtonpost.com\/business\/economy\/mitt-romney-tax-returns-make-him-a-personal-embodiment-of-gop-tax-policy\/2012\/01\/24\/gIQANvsoOQ_story.html\">proposed to sharply cut taxes <\/a>but have not identified spending cuts sufficient to make up for the lost cash, the report said. By 2021, the debt would rise by about $4.5 trillion under Santorum\u2019s policies and by about $7 trillion under those advocated by Gingrich, pushing the portion of the debt held by outside investors to well over 100 percent of the nation\u2019s economy.<\/p>\n<p>The red ink would gush less heavily under former Massachusetts governor Mitt Romney, the report said \u2014 at least under earlier Romney proposals that paired $1.35 trillion in tax cuts with $1.2 trillion in spending reductions and would leave the debt rising on a trajectory that closely tracks current policies.<\/p>\n<p>But that probably changed Wednesday, when Romney tacked to the right and proposed to cut federal income tax rates by an additional 20 percent for all earners&#8230;<\/p>\n<p>In a late-night addendum Wednesday, analysts for U.S. Budget Watch set a slightly lower price for the new tax provisions, suggesting that Romney\u2019s entire budget framework would add about $2.6 trillion to the debt by 2021.&#8221;<\/p><\/blockquote>\n<p>As for Ron Paul, Montgomery writes:<\/p>\n<blockquote><p>&#8220;His policies would cut tax revenues by more than $5 trillion over the next decade, the report said, but the revenue loss would be offset by more than $7 trillion in spending cuts, including deep reductions in defense and federal health programs.&#8221;<\/p><\/blockquote>\n<p>As we&#8217;ve reported earlier, despite the Granite State&#8217;s reputation as a frugal, anti-tax state, <a title=\"Six Ways New Hampshire Voters Think About Jobs And The Economy\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/2012\/01\/09\/six-ways-new-hampshire-voters-think-about-jobs-and-the-economy\/\" target=\"_blank\">voters so far rate the issue of jobs\/the economy as being much more important<\/a> than taxes and the national debt.\u00a0 In late November, the <a title=\"UNH Survey Center\" href=\"http:\/\/www.unh.edu\/survey-center\/\" target=\"_blank\">University of New Hampshire Survey Center<\/a> released its <a title=\"Granite State Poll: Romney Increases Lead, Gingrich Distant 2nd In NH, Electorate Still Fluid\" href=\"http:\/\/www.unh.edu\/survey-center\/news\/pdf\/primary2012_primary112311.pdf\" target=\"_blank\">WMUR Granite State Poll<\/a>, which found more than 60 percent of likely GOP voters believed jobs\/the <a title=\"Your Guide To New Hampshire's Economy\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/tag\/newhampshireeconomy\/\" target=\"_blank\">economy<\/a> was the most important issue facing the country.\u00a0 That&#8217;s compared to 10 percent for the budget deficit and three percent for <a title=\"The Essential Guide To New Hampshire State Taxes\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/tag\/taxes\/\" target=\"_blank\">taxes<\/a>.<\/p>\n<p>Interestingly enough, <a title=\"Granite State Poll: Lynch Heads Into Final Year With High Approval Ratings, Concerns About Economy Remain\" href=\"http:\/\/www.unh.edu\/survey-center\/news\/pdf\/gsp2012_winter_govapp020612.pdf\" target=\"_blank\">another Granite State Poll<\/a> found those ranks on the issues held for voters asked this month about the biggest problems facing the <em>state<\/em>.\u00a0 Despite an unemployment rate well below the national average and a relatively good economy, nearly 40 percent of voters said jobs\/the economy was their top concern, while less than 10 percent said the state budget and around five percent cited taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we publish, US Budget Watch (part of the bipartisan group Committee for a Responsible Federal Budget) just announced release of a report analyzing the tax plans of the GOP presidential candidates.\u00a0 (We&#8217;ll link to it when it becomes available.) According to their research, only Ron Paul&#8217;s tax plan won&#8217;t dramatically increase the national debt. [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":6476,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[54],"tags":[121,185,501,521],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/6474"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=6474"}],"version-history":[{"count":7,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/6474\/revisions"}],"predecessor-version":[{"id":6482,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/6474\/revisions\/6482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/6476"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=6474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=6474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=6474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}