The Reagan Era, Still Going
…r. Mitt Romney proposes to cut income tax rates by 20 percent and the corporate rate by 10 points, plus abolish the estate tax. Rick Santorum proposes to cut the marginal rate by 7 points, reduce the number of tax brackets from six to two, cut the corporate rate in half to 17.5 percent, and eliminate the estate tax and corporate taxes in the manufacturing sector. Newt Gingrich proposes to install a 15 percent flat tax for income and to abolish the…
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