Promises And Politics

How will Mitt Romney tackle the big issues?

THE BUDGET

THE PROMISE

Romney's tax plan includes a permanent 20% decrease in income tax rates, which would reduce the top bracket to 28% from 35%. Romney would maintain rates on earned interest, capital gains and dividends for people making more than $200,000 and exempt those who earn less, while repealing the alternative minimum tax and estate tax.

THE POLITICS

Romney's plan broadly pledges popular tax and spending cuts but doesn't get specific about which programs would be cut and which tax loopholes he would close. It would benefit high earners while slightly increasing the burden on low- and middle-income families.

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