Romney tax plan: Tax hike for 95 percent of Americans
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Republican presidential candidate and former Massachusetts Gov. Mitt Romney gestures at supporters as he gives a speech, at the University of Warsaw library on July 31, 2012.
JANEK SKARZYNSKI/AFP/Getty Images
Mitt Romney's proposed tax plan would result in a tax hike for 95 percent of Americans, according to a new nonpartisan study released yesterday by the Tax Policy Center.
The report, a joint project of the Urban Institute and Brookings Institution, examined Romney's proposal of an across-the-board 20 percent income tax cut financed by closing existing loopholes. What are the larger implications of the study for the Romney campaign?
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