...Romney’s tax plan seems particularly fresh and intelligent in such a foolish atmosphere. Romney seems to believe that Americans are smart enough to plan for the long term rather than salivate over a one-shot check. His audacious plan would cut the tax rate on capital gains, interest, and dividends for any taxpayer making less than $200,000 annually to “absolutely zero.” This elegantly simple proposal would invite Americans to save and invest as much as they can or wish to without worrying about mind-numbingly complicated tax calculations.
by Nicole Gelinas
Read more: City Journal
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