--- title: "Meaning & Key Takeaway of: What Governor Romney is proposing is an…" description: "\"What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll ..." image: "https://sms4smile.com/quotes/i/5ee/glenn-hubbard-31613_also_what-governor-romney-is-proposing-is-an_1451660.jpg" --- # What Governor Romney is proposing is an across-the-board… ![“What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll have to broaden the base to pay for that. Also, a very deep cut in the corporate rate.” quote by Glenn Hubbard](https://sms4smile.com/quotes/i/5ee/glenn-hubbard-31613_also_what-governor-romney-is-proposing-is-an_1451660.jpg) [Download](https://sms4smile.com/quotes/i/5ee/glenn-hubbard-31613_also_what-governor-romney-is-proposing-is-an_1451660.jpg) [Open image](https://sms4smile.com/quotes/i/5ee/glenn-hubbard-31613_also_what-governor-romney-is-proposing-is-an_1451660.jpg) > “What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll have to broaden the base to pay for that. Also, a very deep cut in the corporate rate.” [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The proposal suggests cutting marginal tax rates for all households by 20% and broadening the tax base, including a deep corporate rate cut, to fund it. **In simple terms:** Proposes broad tax cuts and base widening. Key Takeaway Consider impacts of tax cuts. Themes tax policy economics government Mood analytical critical Type policy economic When to use this quote - budget planning - legislative debate - business strategy - personal finance Key Concepts progressive taxation fiscal policy Questions to Reflect On - What are the long‑term effects of lower marginal rates? - How will the base be broadened? A Different Perspective Tax cuts may reduce revenue, affecting public services. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [Corporate](https://sms4smile.com/quotes/about/corporate/) [Households](https://sms4smile.com/quotes/about/households/) [Marginal](https://sms4smile.com/quotes/about/marginal/) [Tax](https://sms4smile.com/quotes/about/tax/) [Tax rates](https://sms4smile.com/quotes/about/tax-rates/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a…](https://sms4smile.com/quotes/glenn-hubbard/i-can-t-imagine-an-argument-that-says-that-raising-marginal-tax-rates/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I do think there is room at the very top for marginal tax changes.](https://sms4smile.com/quotes/anonymous/i-do-think-there-is-room-at-the-very-top-for-marginal-tax-changes/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We pursued the wrong policies. 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