Wednesday, October 12, 2011

Romney: Tax relief for the middle class is nothing more than "little Band-Aids"

Mitt Romney likes to say that he is not running for president to help the rich. But nothing in his record—or his rhetoric—suggests that's the case, and last night, he took it a step further. At the Bloomberg/Washington Post debate, Romney argued that extending the payroll tax cut—which would put $1,500 in the pockets of working Americans—is nothing more than "little Band-Aids."

Even Mark Zandi, chief economist of Moody's Analytics and an economic adviser to former Republican presidential nominee John McCain, says that not extending this middle-class tax cut could cause another recession.

So Mitt Romney would raise taxes on the middle class and put our economy at risk in the process. Does he really think we believe he's not running for president to help the rich? Or maybe it's just that this former governor whose state finished 47th in job creation doesn't understand the economic potential and imperative of middle-class tax cuts.

1 comment:

Blue Tax said...

Thanks for discussing how some presidential candidates want to re-structure taxing for the middle-class. How does this relate to the rate of tax liens given out by the IRS?