OK

Only a fortunate few stand to gain from Romney's proposal to eliminate taxes on capital gains and dividends for those making under $250,000. The masses can thank their lucky stars, though, for the rest of Romney's promise: no tax on interest from bank accounts and CDs.

Whoop-de-doo. With bank interest and yields on CDs lower than they've been in generations, these crumbs from the Romney table would likely save the average middle-class family maybe $10 a year.

P.S. Besides being laughable and ludicrous, it's lousy tax policy as well. Income is income and should be taxed at the same rates, no matter where it comes from. That's what the Simpson-Bowles report recommended; it's what the Rivlin-Domenici report recommended; last but hardly least, it's also what Ronald Reagan put into effect with his signature Tax Reform Act of 1986.

EMAIL TO A FRIEND X
Your Email has been sent.