{"id":5106,"date":"2012-02-24T12:41:21","date_gmt":"2012-02-24T19:41:21","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=5106"},"modified":"2012-02-24T12:41:21","modified_gmt":"2012-02-24T19:41:21","slug":"idaho-governor-senator-to-promote-romneys-new-tax-plan","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/02\/24\/idaho-governor-senator-to-promote-romneys-new-tax-plan\/","title":{"rendered":"Idaho Governor, Senator To Promote Romney’s New Tax Plan"},"content":{"rendered":"
\"\"<\/a>

Marc Piscotty \/ Getty Images<\/p>

Mitt Romney campaigning in Denver, CO earlier this month.<\/p><\/div>\n

For the second time this month Idaho Republicans Governor C.L. “Butch” Otter and Senator Jim Risch are stumping for GOP presidential candidate Mitt Romney.<\/p>\n

Romney detailed a new tax plan earlier this week, the same day President Barack Obama unveiled his<\/a>.\u00a0 Now, Otter and Risch are hosting a press conference call this afternoon to tout Romney’s plan.<\/p>\n

Romney has previously<\/a> favored maintaining current individual income tax rates and lowering the top corporate tax rate ten percent.\u00a0 His website<\/a> notes he’d like to “pursue a conservative overhaul of the tax system of the long term.”<\/p>\n

Now, Romney is proposing a new plan<\/a> that would decrease the individual rate.\u00a0 Here’s more<\/a> from The Washington Post<\/em>: <\/p>\n

“The former Massachusetts governor proposed reducing the rates for individual taxpayers by a fifth, meaning that the highest earners would pay a top rate of 28\u00a0percent, compared with 35\u00a0percent today. He also suggested taxing corporate profits at a rate of 25\u00a0percent.” – WashingtonPost.com<\/p><\/blockquote>\n

Bloomberg<\/em> reports<\/a> Romney’s plan assumes a certain level of economic growth in order for the proposal to work.<\/p>\n

\u201cEveryone would agree that cutting rates and getting rid of some preferences would increase economic growth,\u201d said Roberton Williams, a senior fellow at the Tax Policy Center, a nonpartisan research organization in Washington. \u201cWe\u2019d recoup some of the revenues. But how much? How quickly? Would it last?\u201d<\/p>\n

The former Massachusetts governor\u2019s tax proposals could cost the Treasury about $4 trillion to $6.2 trillion in forgone revenue over the next decade, compared with extending tax rates that expire at the end of 2012. The lower estimate is based on figures from the bipartisan Committee for a Responsible Federal Budget and the higher figure comes from the Center for American Progress, a Washington group often aligned with Democrats. – Bloomberg.com<\/p><\/blockquote>\n

Idaho Republicans will have their chance to weigh in March 6 at the GOP caucus.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the second time this month Idaho Republicans Governor C.L. “Butch” Otter and Senator Jim Risch are stumping for GOP presidential candidate Mitt Romney. Romney detailed a new tax plan earlier this week, the same day President Barack Obama unveiled his.\u00a0 Now, Otter and Risch are hosting a press conference call this afternoon to tout […]<\/p>\n","protected":false},"author":40,"featured_media":5109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[27],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/5106"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=5106"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/5106\/revisions"}],"predecessor-version":[{"id":5124,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/5106\/revisions\/5124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/5109"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=5106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=5106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=5106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}