Four questions for Mitt Romney

(1) Under the federal tax code, a couple with two children earning less than $26,400 will pay no federal income tax because the standard deduction and exemptions reduce their taxable income to zero. The Tax Policy Center has explained that this reflects components of “the basic progressive income tax structure that intend to exempt subsistence levels of income from tax and to adjust for differences in ability to pay based on family size."

Do you disagree with that approach? Do you believe that this family’s tax burden is too low? If so, how would you raise it?  Eliminate the deduction for children?  Raise marginal rates? Make the tax code less progressive? [Read more]