Romney Set to Release New Tax Plan


Larry Kudlow has some news today:

Team Romney tells me there will be a bolder tax-cut plan released either at the debate tomorrow night (if Mitt gets it in) or more formally at his Detroit Economic Club speech on Friday. I’m embargoed from releasing details until tomorrow. But I can say that the new plan will be across-the-board with supply-side incentives from rate reduction, and that it will help small-business owners as well as everyone else.

Exciting! Presumably Romney has taken my criticism of his earlier plan to heart: it’s just not friendly enough to the super rich. “Sure, he lowers tax rates on millionaires by 9 percentage points, and you may think that’s a pretty sweet deal for the rich. But come on. Newt Gingrich would lower them by 24 percentage points. (No, that’s not a typo.) Rick Perry lowers them by 20 percentage points. Herman Cain lowers them by 15 points. Frankly, Romney is hardly even trying here.”

I have no doubt that “bolder” in this this context means “more tax cuts for corporations and the wealthy,” so apparently Romney is going all in. Should be great stuff. I can hardly wait.

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