Economists to Romney campaign: That’s not what our research says

Alan Auerbach quoted in The Washington Post, August 8, 2012

I e-mailed Auerbach the relevant quote from the Romney campaign’s paper, and added…. Do you think that reporters like me should assume that the 0.5-1% gdp boost is a reliable base case? His response came quickly. “I did not see the [Romney campaign’s] paper, but from your description the basic answer to both of your questions is ‘no’,” he replied. His paper looked at “a much bigger tax change than Romney is proposing.” It also “assumed that all tax changes were revenue-neutral on an annual basis; the size of the Romney tax cuts makes this a questionable assumption.”