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New study examines Romney tax plan

Wednesday, August 1, 2012

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New study examines Romney tax plan
Aug 2nd 2012, 01:40

A study released Wednesday by the non-partisan Brookings Institution said GOP presidential candidate Mitt Romney's tax plan would lower taxes for the richest 5 percent of Americans while increasing the tax burden on lower- and middle-income taxpayers. However, Romney's Virginia campaign spokesman called the study into question over the connection of one of the study's authors to President Barack Obama's administration. The study looked at Romney's plan to extend all Bush-era tax cuts, reduce tax rates by 20 percent, repeal the alternative minimum tax, eliminate the estate tax, lower corporate income tax rates and end taxing of investment income earned by most taxpayers. Mitt Romney Barack...

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