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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.
