Mitt's tax plan: Cut taxes for the rich, raise them on everyone else

[Fmr President & Senator Polnut]

From what I've read it seems like Romney's arguing that the study doesn't fully account for the increased revenues that will come from private sector growth.

I don't know enough about it to really argue, but I see what he means.

Tax cuts don't increase revenues. Wrong side of the Laffer Curve.

Well the whole economic basis of this is an ideological talking point that the Bush tax cuts did nothing to support. In really difficult times, the rich save their money, they don't risk investing it in a sluggish economic environment.

[Fmr President & Senator Polnut]

A flat tax would be the fair way to go, I say.

a) what rate?
b) what exemptions would apply?
c) what programs would have to die to make up the shortfall in Government revenues?