Step 1: Make permanent marginal rate cuts.

Step 2: Change those permanent rates that I just made permanent in step 1 to take another 20%.

I admit it could be that I lack cognitive skills, but the only way I see it is that the 20% cuts= Bush tax cuts.


Initially I read it that way, as well.

Then when several media outlets, including Tax Policy Center that documents speaking with Romney's campaign on tax issues, reported the 20% cut from the 35% rate rather than the 39.6% rate and Romney's campaign hasn't stepped forward to say otherwise, I re-read his tax plan to mean,

"Make permanent across-the-board 20 percent cut in marginal rates." (take out the comma).


Also, going from 39.6 down to 35 is only 11%, not 20%, so that's further evidence he intends for the 20% cut to be from current levels rather than post-expiration levels.