KKTV 11 News | Colorado Springs, Pueblo | News

Romney Calls For 20 Percent Income Tax Cuts

By: AP
By: AP

MESA, Ariz. (AP) -- Republican presidential hopeful Mitt Romney is calling for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow.

Under the proposal, the top personal income tax rate would fall to 28 percent, according to a summary provided by Romney's campaign.

The current maximum is 35 percent.

Romney outlined parts of his plan in a campaign appearance Wednesday in Arizona, one of two states holding a primary next Tuesday. Michigan is the other.

Romney also said a new proposal the Obama administration outlined Wednesday to reduce corporate tax rates would actually increase taxes on businesses.

Romney, Rick Santorum, Newt Gingrich and Ron Paul meet tonight in the 20th debate of the campaign for the Republican presidential nomination.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 140004833