Mitt Romney on the campaign trail.
NEW YORK (CNNMoney) -- Mitt Romney made two big changes to his tax plan last week, and according to a new analysis, they will be very expensive.
Like $3.4 trillion expensive.
Previously, Romney had said he would "maintain current tax rates on personal income" as president before moving to a "fairer, flatter, simpler tax structure" in the future.
Now Romney appears to be accelerating that timetable, announcing a move that would reduce the current top rate paid on income from 35% to 28%, with similar reductions across all tax brackets.
Americans in the lowest bracket would pay 8% instead of 10%. Individuals closer to the middle would pay 20% instead of 25%.
In addition to the changes to the marginal income tax rates, Romney also
http://money.cnn.com/2012/02/29/news/economy/romney_tax_deficit/index.htm
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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