Because more tax cuts for the super rich is what the US needs right now. The new Romney plan is all about helping himself and his friends who are part of the 1%.
Romney’s earlier economic plan called only for preserving the current top tax rate of 35 percent, while holding out the promise of lower rates later in an overhaul of the tax code. But facing a major challenge from upstart Republican rival Rick Santorum, he has chosen to outline such an overhaul today in Arizona ahead of critical Feb. 28 primaries there and in Michigan — and before a televised debate Wednesday night in Mesa. Romney’s top economic adviser, Glenn Hubbard, said the plan would cut all six current tax brackets — 10, 15, 25, 28, 33, and 35 percent, depending on a taxpayer’s income — by the same proportion of 20 percent. That would produce this new set of tax brackets: 8, 12, 20, 22.4, 26.4, and 28 percent. “It’s a marginal rate cut for every American,” Hubbard said.