Romney Econ Adviser Says Tax Plan Does Balance

Romney economic adviser Glen Hubbard tells TRNS in the “spin room” after Tuesday’s debate that the GOP candidate’s tax reform plan is balanced, and that it offsets the cost of reducing income tax rates by closing deductions available to wealthier taxpayers, and by broadening the tax base. Hubbard also dismisses the Tax Policy Center’s unfavorable analysis of the plan by saying that researchers there ignored the potential for increased economic growth as a result of cutting taxes for small business owners so they can hire more employees or invest more in their business.