Jon Huntsman is looking to reboot his flagging campaign with a new jobs plan, offering up a list of ideas to spur growth in a speech on Wednesday. But despite his recent breaks with party orthodoxy on issues like climate change, he stuck to the usual conservative line on revenue, putting tax breaks for the rich and corporations at the center of his proposal.
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"I'm not running for president to promise solutions, I'm running to deliver solutions," he said, according to prepared remarks. "Some of my entitlement reforms come directly from the Paul Ryan Plan. Other solutions come from the Simpson-Bowles Commission - a bipartisan group that last year put forth some very sensible tax reforms."
Under Huntsman's proposal, the tax code would be simplified into three brackets of 8%, 14%, and 23%. In addition, the corporate tax rate would be lowered to 25%, and taxes on capital gains and dividends would be eliminated entirely.
Overall, however, the whole shift would be revenue neutral. How?