Romney’s tax plan revision, corporate taxes and more [AM Briefing]

October 5, 2012

Who’s raising taxes? New Romney ad relies on conservative think tank. (Washington Post)

What is Romney’s tax plan? “The strangest aspect of Wednesday night’s debate was Mitt Romney’s decision to change his tax policies on the fly. Having campaigned hard on a tax proposal that called for $5 trillion in tax cuts, he said flatly that he was not offering a $5 trillion tax cut. “I don’t have a tax cut of the scale that you’re talking about,” Romney said — even though that is exactly the tax cut he has proposed. Was Romney for his tax plan before he was against it?” writes Brookings’ E.J. Dionne. (Washington Post)

A recipe for cutting corporate taxes: “Amid all the division on Capitol Hill, both parties generally agree that the corporate tax rate, which at 35 percent is among the highest in the world, needs to be cut. During Wednesday’s presidential debate, both candidates advocated a significant reduction in the corporate tax rate. Yet the federal budget’s unsustainable fiscal path should preclude a large unfunded tax cut. Given these competing demands, policymakers have been searching for revenue-neutral reforms that reduce the corporate tax rate and broaden the corporate tax base,” writes Brookings’ Robert Pozen. (Washington Post)

Soner Cagaptay: Syria is a wedge issue between U.S. and Turkey. (Washington Post)

Room for Debate asks: As Arab populations “pursue values like freedom, justice, equality, autonomy and pluralism, and new models of democracy and of international relations,” the scholar Tariq Ramadan wrote in The New York Times this week, “they need to draw on Islamic traditions.” But what would that look like? Does Islam encourage or discourage democratic government? (New York Times)

AEI’s Jonah Goldberg: The undoing of Storybook Man. (National Review)

Donald Rumsfeld: Obama is wrong for America on Election Day. (Washington Times)

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Allen McDuffee · October 5, 2012