Romney’s Tax Plan: Not Crazy Enough for Today’s GOP

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


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.

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate