MITT ROMNEY, TAX FIZZLER….Via Tapped, the Wall Street Journal reports that Mitt Romney has given up on the idea of campaigning on the promise of a tax cut: “The ex-Massachusetts governor had contemplated lower top individual and corporate tax rates, but was deterred by lost revenue as more upper-middle-class taxpayers seek relief from alternative minimum tax.”
No big surprise there. Even Grover Norquist must realize by now that “Tax Cuts Forever!” has been pretty much played out. As Mark Schmitt wrote in our current issue, “The era of the tax revolt is over.”
