I’ve posted before on Mitt Romney’s signaling to voters that he intends to be very irresponsible. I’ve also had any number of posts looking at data and failing to find any correlation between cutting federal tax rates and faster growth at anything resembling current tax rates – too many to link to any one in particular. (I have had a few posts showing a correlation between cutting federal tax rates and higher debt.)
So… without further ado, here’s Mr. Kudlow telling us what Romney will propose:
“Mr. Romney is mulling over a cut in the top personal tax rate to 30 percent from 35 percent, as well as a reduction in the corporate income tax, and deep cuts in Medicare and Social Security benefits. He’s also expected to propose an expansion in tax-free savings accounts.”
I hope y’all enjoy a nice big serving of more debt, slower increases in real per capita income, and more money in Steve Forbes’ pocket because that’s what is on the menu.