On August 18, the Washington Post published an editorial calling Republican presidential candidate Mitt Romney’s tax reform plan “garbage”. Citing reports from the (allegedly) non-partisan Tax Policy Center, the Post said that it is not possible to “broaden the (tax) base” sufficiently to pay for Mr. Romney’s proposed tax rate reductions.The critics of the Romney tax plan are missing the point. The only “tax base” that matters is GDP. The Romney tax plan will broaden the tax base by...
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