Romney has promised to cut everyone's taxes by 20%. At least that's one of his positions on the issue.
Question:
With half of American households already paying NO federal income taxes, and conservatives complaining about that constantly,
how many more households would go into the no-tax category if a 20% across the board cut were implemented?
I missed the 20% across the board tax cut in Romney's plan. Can you link it or did you just make that up.
This is what I found on his tax policy;
INDIVIDUAL TAXES
• Maintain marginal rates at current levels
• Further reduce taxes on savings and investment
• Eliminate the death tax
• Long-term goal: pursue a flatter, fairer, simpler structure
CORPORATE TAXES
• Lower the corporate income tax rate to 25 percent
• Transition to a “territorial” tax system
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