New York Times repeats a $5 trillion falsehood

This is pretty bad. In a profile of Stephanie Cutter, President Obama’s deputy campaign manager, the New York Times repeats a demonstrably false allegation advanced by Paul Ryan and others. Times reporter Amy Chozick writes:

Ms. Cutter doesn’t always stick to the talking points. In a recent CNN interview, she said Mr. Romney’s tax cuts “stipulated, it won’t be near $5 trillion,” as the Obama campaign had earlier claimed. The gaffe became fodder for a Romney attack ad three days later and was raised by Representative Paul D. Ryan in the vice-presidential debate on Thursday night.

Chozick links to the transcript of Cutter’s exchange with CNN’s Erin Burnett, but apparently she didn’t bother to read it; the headline, “Cutter Concedes $5 Trillion Attack on Romney Is Not True,” is simply wrong. Because here’s what Cutter actually said: the tax cut could be a lot less than $5 trillion if Romney closes loopholes and ends deductions; but Romney hasn’t specified any; therefore, yes, it’s a $5 trillion tax cut.

“The math does not work with what they’re saying,” Cutter told Burnett. “And they won’t name those deductions, not a single deduction that they will close because they know that is bad for their politics…. Last night, he [Romney] walked away from it, said he didn’t have a $5 trillion tax cut. He does.”

I wrote about this last week for the Huffington Post.