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GOP field: Tax cuts for all, don’t worry about consequences

AP
In this Sept. 28

DENVER >> Republican presidential candidates seem to be drawing this lesson from Mitt Romney’s failed 2012 campaign — don’t promise to balance the budget while cutting taxes.

Romney’s vow led Democrats to accuse him of planning to effectively raise middle class taxes while dramatically cutting those for the wealthy. The plans of this campaign’s GOP presidential hopefuls would cut taxes for as many people as possible, without any promises of a balanced budget.

Donald Trump released the most eye-grabbing plan. A low-tax advocacy group estimates it would add $12 trillion to the deficit over the next decade. But former Florida Gov. Jeb Bush and Florida Sen Marco Rubio also have plans that would give everyone a cut while skewing to the wealthy and adding to the deficit

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