Romney’s Tax Plan: Not Crazy Enough for Today’s GOP

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James Pethokoukis writes today that Mitt Romney has a problem: his tax plan isn’t crazy enough to convince Republicans that he’s really one of them:

He would keep the Bush tax cuts, eliminate investment taxes — but only for those making under $200,000, kill the death tax, and cut the corporate tax rate to 25 percent. Solid but kinda “meh.”

Romney’s plan, Pethokoukis reports, needs to be much friendlier to the rich and much more infused with supply-side voodoo. The glut of nutball flat-tax plans from the rest of the GOP field has raised the bar, and merely endorsing $5 trillion or so in tax cuts just doesn’t cut the mustard anymore.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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