The recent presidential debate served the American people with another dish of lies and distortions ("Battle is joined over jobs, taxes," Oct. 4).
Mitt Romney is repeatedly on record as proposing a $5 trillion tax cut, but during the debate he made the incredible statement that it would be revenue neutral by removing tax code loopholes and deductions without specifying which ones. He may be able to offset some of that $5 trillion by eliminating the home mortgage interest deduction, all medical deductions, all charitable deductions and making employers contributions to 401(k) and health insurance taxable income. I am still waiting for him to spell out these details, but I suspect he lacks the courage to be so honest.
Mr. Romney promised to add 12 million jobs in the next five years. However, most economists predict that the economy will add that amount with current policies and trends, in addition to the four million private sector jobs already gained under the Obama administration to date, so I guess Mr. Romney doesn't really want to do much on the job front.
Mr. Romney promised not to cut education funding, but the Paul Ryan budget proposes drastic cuts in education, and Mr. Romney has suggested gutting the Pell Grant Program
Mr. Romney suggested that half the companies invested in under the president's green energy stimulus programs have gone bankrupt. In fact, of three dozen recipients of these loans, only three are in bankruptcy.
Mr. Romney expressed disbelief that the tax code gives companies a deduction for moving operations overseas. In fact the tax code does allow companies to deduct certain expenses when they move operations overseas, a provision that President Obama has repeatedly attempted to end.
Mr. Romney accused President Obama of taking $ 716 billion from Medicare. In fact, this is the expected saving from procedural and administrative reforms to Medicare being initiated by the administration. To describe savings as a cut is a shameful distortion. The Ryan budget to which Republican elected officials are committed proposes to turn Medicare into a voucher program, and during the debate, Mr. Romney refused to abandon that position for new Medicare recipients.
Jack Kinstlinger, Baltimore