Mr. Gingrich is absolutely correct about [taxes], explaining to Mr. Romney in Saturday night’s ABC debate: “You know if you really want to create jobs, you want to — you want to encourage the people who make more than $200,000 who actually have capital to invest the capital in the U.S. I’ll stick with zero capital gains, will create vastly more jobs than your proposal.” Mr. Gingrich’s tax plan would cut capital gains tax rates to zero for all taxpayers.

To those who claim this is unaffordable, Mr. Gingrich responds, in his 21^st Century Contract With America: “The biggest key to reducing the deficit is robust economic growth…. We can have higher revenues without having higher taxes.”