MORNING READ

FROM THE BLOGS:

Romney's tax plan doesn't add up
Daily Intel's Jonathan Chait uses a study, touted Wednesday by President Obama on the campaign trail, to argue that Romney's tax plan would likely help the wealthiest Americans to the detriment of the middle class.

Mitt Romney's nonexistent gaffe
The National Review's Elliott Abrams says the Republican nominee's remarks on Palestine demonstrate his thoughtfulness — and the press's ignorance.

Obama outlook improves as incomes grow
FiveThirthyEight's Nate Silver says that his electoral forecast model shows encouraging signs for the president after new government data showed accelerating growth of personal income.

Is the Tea Party the new establishment?
Fox News's James Rosen uses Ted Cruz's victory in Tuesday night's Texas U.S. Senate primary to examine whether the Tea Party is the new norm in the Republican Party.

OTHER NEWS SOURCES:

House votes to extend Bush-era tax cuts
The House approved legislation that would renew the entirety of the cuts for another year by a 256-171 vote, while turning aside a Democratic effort to extend cuts for all but the wealthiest of Americans, The Hill's Pete Kasperowicz reports.

Richardson guilty on seven ethics violations
The California Democrat was found guilty of improperly pressuring staff to take campaign roles and destroying evidence, The Hill's Jordy Yager reports.