COMMENTARY | It's no wonder the former governor of Massachusetts, Mitt Romney, waited as long as he could before revealing his tax returns to the public. On Tuesday's "Daily Show," Jon Stewart was livid, and we all should be.
The GOP presidential candidate makes more in one day than the average American makes in a year. There is nothing wrong with making a lot of money, but what is wrong is the fact that Romney has spoken more than a few times about how he would like to raise taxes on middle-class Americans, and how unfair it is that nearly half of our nation's citizens don't pay any income taxes at all.
He failed to state at the time, that he only pays 13.9 percent. In 2007, Romney's Bain Capital was one of the companies who lobbied against a bill that would have made private equity owners pay a 35 percent tax rate. And this is fair? The reason that there are so many people not paying income taxes is that they are poor, or close to it. The middle class is getting squeezed out, with many citizens joining the ranks of the poor and lower-middle class every day. Yet Romney feels it isn't right that these people aren't paying their fair share.
What isn't right, is that someone making over $43 million in the last two years is only paying 13.9 percent.
During the GOP debate back in October, Romney was asked about the payroll tax cut. The direct question to him was, "If the payroll tax cut is not extended, that would mean a tax increase for all Americans. What would be the consequences of that?"
Romney answered, "No one likes to see tax increases, but…" He then changed the subject. Romney said that he opposed the president's job plan because it included a temporary payroll tax cut. But the year before, he supported the same tax cut and said he opposed the bill because it didn't include it.
Romney is known for flip-flopping on the issues quite a bit, but this is ridiculous. It seems obvious that he is a skilled politician, skilled only at saying what he thinks people want to hear.
Romney is against tax cuts for the poor and middle class, but the economic plan he revealed last September, according to Michael Linden, director of tax and budget policy at the Center for American Progress Action Fund would provide a "massive $6.6 trillion tax cut that would primarily benefit the very wealthy and corporations."
The bottom line is that this very wealthy republican candidate wants to save himself and corporations money while bringing higher taxes to the people who can least afford it.
- Politics & Government
- Mitt Romney