MESA, Ariz. (AP) — Republican presidential hopeful Mitt Romney on Wednesday called for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow.

Under the proposal, the top tax rate would drop from 35 percent to 28 percent, and some popular breaks would be scaled back for upper-income taxpayers, although aides provided scant details.

"We want middle-income Americans to be the place we focus our help, because it's middle-income Americans that have been hurt by this Obama economy," Romney said as he outlined parts of his plan in a campaign appearance in Arizona, one of two states holding a primary Tuesday. Michigan is the other.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Employee-Paid