Romney: Impossible to Know Cost of His Tax Plan
BOSTON (AP) - Mitt Romney is acknowledging that it's impossible to know how his tax plan will affect the federal budget deficit.
In an interview Wednesday on CNBC, the former Massachusetts governor scoffed at outside groups who have said his plan to lower marginal tax rates would increase the deficit.
Romney said he was surprised that such assertions were being made because his plan "can't be scored." He says he'll have to work with Congress on the details before he can estimate how much the plan will cost.
Romney previously has insisted that his plan to cut marginal individual tax rates by 20 percent won't increase the deficit because he would limit deductions and exemptions for the wealthy. He hasn't outlined what those changes would be, and says he'll work with Congress.
- Romney: Obama Wrongly Content With US Job Growth
- Pelosi Backs Up Reid's Comments on Romney Taxes
- Romney Claims He's Paid at Least 13% in Taxes
- Obama and Romney Trade Barbs Over Economic Plans
- Romney Says Obama is Distorting GOP Budget Plan
- FACT CHECK: Romney, Obama on Immigration Plans
- Mixed Reaction to President's Corporate Tax Plan
- Democrats Block Senate Vote on Obama Tax Plan
- Medicaid Bill Could Cost Tax Payers Millions
- Hurricane Season Sales Tax Holiday: What You Should Know