Tax cuts for the rich are unpopular, unaffordable and have repeatedly failed to deliver any measurable economic benefits to the rest of the country. So it’s no wonder that during last night’s presidential debate, Mitt Romney didn’t want to embrace a policy of massive new tax cuts for the rich. “I will not reduce the taxes paid by high-income Americans,” Romney said.
It would be nice if Romney really was abandoning the failed theory of “supply-side” economics, but his actual tax proposalstell a very different story. Below is a screenshot from Romney’s own website, taken this morning:
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