Mitt Romney Promises 'Millions' Of Jobs -- But Offers No Data To Back It Up

Romney Campaign Promises 'Millions' Of Jobs, But Offers No Data To Back It Up
|
Open Image Modal
Republican presidential candidate, former Massachusetts Gov. Mitt Romney, talks about jobs during a campaign stop at Middlesex Truck and Coach on Thursday, July 19, 2012, in Roxbury, Mass. (AP Photo/Evan Vucci)

WASHINGTON -- Growth.

That's the word, and the concept, that Mitt Romney's campaign is emphasizing in response to the Obama campaign's new attacks on Romney's tax plan.

President Obama is seizing on a new think-tank study that says Romney's plan to cut tax rates for all brackets, lower the corporate rate, close loopholes and keep taxes low on investments, would require him to eliminate deductions and credits that benefit the lower- and middle-class, such as child credits and mortgage deductions.

The Romney campaign is not engaging on the same playing field. When asked Thursday in a conference call how much Rommey's plan might add to the deficit before the economic-growth it projected to create was factored in, along with closing loopholes and cutting spending, the campaign declined to provide specific numbers.

In a sense, the Romney campaign is handicapping itself, because Obama is now out on the campaign trail wielding specific numbers against Romney, whacking him over the head with lines like this: "The average middle-class family with children, according to this study, would be hit with a tax increase of more than $2,000."

"In order to afford just one $250,000 tax cut for somebody like Mr. Romney, 125 families like yours would have to pay another $2,000 in taxes each and every year," Obama told a crowd in Mansfield, Ohio, on Wednesday.

"Does that sound like a good plan for economic growth?" Obama asked the crowd, which screamed back, "No!"

The Obama campaign even put out a web-based "tax calculator" on Thursday, where a user can plug in his or her income and other variables to see how much of a tax increase he or she might see if Romney is elected and implements his plan.

This is an effective attack by the president, even if he himself has endorsed many of the same elements of a broad-based tax reform plan as Romney, though there are significant differences between them.

But in response, the Romney campaign is refusing to engage in a number-by-number fight over how much its plan would impact the bottom line for each American. The campaign is instead banking on the idea that Americans are more concerned with results, specifically economic growth.

The Romney camp's retort, in a nutshell, is that Romney's plan would produce growth and jobs, and that Obama's plan would not because it is focused only on an ideological/political determination to make the wealthy pay more, and not on what would actually get the economy going.

Job growth, the Romney argument goes, is the best solution to help the middle class.

"The fact is that if you can create jobs then you're going to have an enormous positive impact on income distribution because people who don't have a job right now have an income of about zero," Romney economic adviser Kevin Hassett said on the conference call Thursday. "And if you give people with incomes of zero jobs, then their incomes go up a lot and the income distribution improves tremendously."

The Romney campaign was happy to be specific with one number on Thursday: the number of jobs that their plan would create. The only issue was that different advisers said different things.

Writing in the Wall Street Journal, Romney economic adviser Glenn Hubbard said the Republican candidate's plan would create "about 12 million new jobs in a Romney first term, and millions more after that due to the plan's long-run growth effects."

But Hassett said Thursday that Romney's plan would result in "job creation of 5 to 10 million higher than baseline over a decade."

Hassett laid out the logic: "It's very easy to get millions and millions of jobs out of something like the Romney plan. And that contrasts a lot with what President Obama is proposing, which is basically just a hike of marginal tax rates. I don't think there's any economist on earth that would look at something like that and say it's a jobs plan."

But while Hassett said they had numbers to back this up, there was no such data offered on the call.

"What a small group of us have been doing is trying to establish what the economic science, the state of the art, would say that the Romney fiscal plan would do to the economy," Hassett said. "And I think what we've found is the numbers are striking and interesting and based on extremely strong science."

That, however, was the last mention of those numbers. And until such supporting data is offered, Romney's plan will be dismissed by many as vague reassurances rather than a credible proposal.

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost

Before You Go

Mitt Romney's Greatest Hits
With A Little Help From My Friends (Joe Cocker)(01 of11)
Open Image Modal
(May 28, 2012) -- Despite a resurgence of Donald Trump's birther claims, Romney refused to repudiate the billionaire, who has been helping with his 2012 campaign efforts. "You know, I don't agree with all the people who support me ... I need to get 50.1 percent or more and I'm appreciative to have the help of a lot of good people," Romney said. (Photo by Ethan Miller/Getty Images) (credit:Getty File)
Who Let The Dogs Out (Baha Men) (02 of11)
Open Image Modal
(April 16, 2012) -- In an interview with ABC's Diane Sawyer, Romney discussed the political fallout over strapping his dog Seamus to a car roof. He admits that he probably would not do it again. (Handout) (credit:Handout )
It's The End Of The World As We Know It (R.E.M.)(03 of11)
Open Image Modal
WASHINGTON, D.C. (April 4, 2012) -- Speaking before the Newspaper Association of America, Romney attacked Barack Obama on his health record, claiming the president "has taken a series of steps that end Medicare as we know it." (Photo: Jim Watson/AFP/Getty Images) (credit:Getty )
For The Love Of Money (The O'Jays) (04 of11)
Open Image Modal
NEW YORK, N.Y. (March 14, 2012) -- Romney became testy on Fox News while discussing his appeal to lower-income voters. On the same day, Occupy Wall Street protesters staged a demonstration outside Mitt's Waldorf Astoria hotel fundraiser. (Photo: Emmanuel Dunand/AFP/Getty Images) (credit:Getty )
People Are Strange (The Doors) (05 of11)
Open Image Modal
PASCAGOULA, Miss. (March 9, 2012) -- While on the trail in Alabama and Mississippi, Romney got in touch with his Southern side, learning how to say "y'all" and liking his grits. With those new experiences in hand, he admitted that "strange things are happening to me." (Photo: AP/Evan Vucci) (credit:AP )
Pink Cadillac (Bruce Springsteen)(06 of11)
Open Image Modal
DETROIT, Mich. (Feb. 24, 2012) -- While speaking before the Detroit Economic Club at Ford Field, Romney listed not two, not three, but four American-made cars that he and his wife, Ann, owned. Among the vehicles: "a couple of Cadillacs." (Photo: Scott Olson/Getty Images) (credit:Getty )
It's The Hard-Knock Life (Annie & The Orphans) (07 of11)
Open Image Modal
TAMPA, Fla. (Feb. 1, 2012) -- In an interview with CNN, Romney noted that he is "not concerned about the very poor," citing the social safety net for that segment of the populace. (Photo: Ethan Miller/Getty Images) (credit:Getty )
America The Beautiful(08 of11)
Open Image Modal
THE VILLAGES, Fla. (Jan. 31, 2012) -- On the eve of Florida's primary, Romney led his supporters in a singing of the patriotic song. (Photo: Emmanuel Dunand/AFP/Getty Images) (credit:Getty )
Successful (Drake, Lil Wayne) (09 of11)
Open Image Modal
CHARLESTON, S.C. (Jan. 19, 2012) -- During CNN's GOP debate, Romney refused to commit to disclosing his tax returns, offering no apologies for his success. (Photo: Emmanuel Dunand/AFP/Getty Images) (credit:Getty )
Bye Bye Bye ('N Sync)(10 of11)
Open Image Modal
NASHUA, N.H. (Jan. 9, 2012) -- In a speech about insurance options, Romney tells audience members, "I like being able to fire people who provide services to me." (Photo:AP/Charles Dharapak) (credit:AP )
Don't Know Why (Norah Jones)(11 of11)
Open Image Modal
PITTSBURGH, Pa. (Oct. 27, 2011) -- Back in June 2011, Romney said humans are somewhat tied to climate change. By October, he had reversed course, saying "We don't know what causes climate change." (Photo: Jim Watson/AFP/Getty Images) (credit:Getty File)