Mitt Romney's Secret Fundraiser Remarks Put The Lie To Supply-Side Economics
Posted: 09/19/2012 2:21 pm Updated: 09/19/2012 5:47 pm

WASHINGTON -- Lying just beneath Mitt Romney's dismissal of nearly half the electorate at a high-dollar fundraiser in May is an admission not as immediately damaging, but perhaps more important in the long run.

Romney told his donors back then that his campaign's political calculation assumes people who do not pay federal income taxes will not be interested in a candidate who proposes tax cuts. But that ignores the decades-long argument that the GOP has employed on behalf of tax cuts -- that wealth in the private sector will "trickle down" and spur economic growth, and therefore benefit everybody. If trickle-down economics is true, Romney should have no problem selling it to all the people who will supposedly benefit.

Unless he doesn't buy it either.