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.

Where do you believe the government should cut taxes?

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  • by DrZ Location: Colorado Springs on Feb 24, 2012 at 06:51 PM
    W's tax cuts helped send a relatively healthy economy over the cliff. Romney's proposed tax cuts, with the current ailing ecomony, would be idiotic. If anything, the tax code should be changed to require persons like Romney to pay more than 15% (Romney paid only 13.9% on the return he released). Many Americans pay multiple times Romeny's rate. Tax rate changes, not tax cuts would be a better long-term solution.
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