Romney rolls out tax cutting plan

Republican presidential hopeful Mitt Romney, struggling in the polls with just days left before a critical primary, announced a plan to drastically slash tax rates for all filers and end the use of many loopholes and deductions employed by the wealthy.

Romney’s campaign team rolled out what they called a “flatter, fairer and simpler tax system,” in a Wednesday conference call with reporters after the former Massachusetts governor announced the news in person to more than a thousand people who gathered to see him at a rally near Phoenix.