Mitt Romney’s latest tax plan

Mitt Romney just released his latest, revised tax plan. You can read the below. A quick overview: He’s proposing a permanent 20 percent cut to all income tax rates (which means that the top marginal rate would drop from 35 percent to 28 percent). He’d repeal the estate tax and the Alternative Minimum Tax. And he’d pay for the whole thing through “spending cuts of approximately $500 billion” that aren’t specified in the document: [Some of the content in this entry could not be displayed on this device.]