Former Minnesota Governor Tim Pawlenty called for massive corporate and income tax cuts yesterday, as he continued the roll-out for his 2012 presidential campaign with a economic policy speech at the University of Chicago. The Republican candidate stuck to a familiar playbook from the Bush years by promising really low taxes (lowering corporate rates from 35% to 15%) and a lot of economic growth. He also implied — but didn’t openly say– that cutting taxes would allow the government to collect more money. “If we’re talking about tax cuts paying for themselves, I hope we don’t go there,” worried former McCain and Bush economic adviser Douglas Holtz-Eakin. [WSJ]
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