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Wed Sep 26, 2012, 09:53 AM

Romney To Middle Class Ohioans: Don't Expect Too Much Tax Relief From Me [View all]

Source: Huffington Post

Romney To Middle Class Ohioans: Don't Expect Too Much Tax Relief From Me

WESTERVILLE, Ohio -- In a line that event attendees found a bit puzzling, Mitt Romney warned a crowd of mostly middle-class onlookers on Wednesday not to expect too much tax relief under his administration.

"We have got to reform our tax system," Romney said at a morning event here. "Small businesses most typically pay taxes at the individual tax rate. And so our individual income taxes are the ones I want to reform. Make them simpler. I want to bring the rates down. By the way, don't be expecting a huge cut in taxes because I'm also going to lower deductions and exemptions. But by bringing rates down we will be able to let small businesses keep more of their money so they can hire more people."

The comments were either a flub on Romney's part or an admission that many of the deductions and exemptions that he will have to target in order to make his tax plan deficit neutral will end up affecting the middle class.

To date, Romney has said that he will only eliminate deductions and exemptions above a certain income level. He hasn't said what that income level would be. But when asked whether he would make $100,000 the cutoff, he said that he considered "middle income" to be "$200,000 to $250,000 and less." (One of the few Romney-backing studies has said that the only way his tax plan adds up is if he eliminates deductions and exemptions above that $100,000 income level).

Read more: http://www.huffingtonpost.com/2012/09/26/romney-ohio-taxes_n_1915949.html

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Reply Romney To Middle Class Ohioans: Don't Expect Too Much Tax Relief From Me [View all]
kpete Sep 2012 OP
NRaleighLiberal Sep 2012 #1
dixiegrrrrl Sep 2012 #7
wordpix Sep 2012 #14
pnwmom Sep 2012 #36
Kber Sep 2012 #2
Cosmocat Sep 2012 #33
Arugula Latte Sep 2012 #3
lillypaddle Sep 2012 #4
liberalgunwilltravel Sep 2012 #10
OregonBlue Sep 2012 #5
Botany Sep 2012 #6
bulloney Sep 2012 #11
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maryellen99 Sep 2012 #34
wordpix Sep 2012 #8
dmallind Sep 2012 #9
bulloney Sep 2012 #12
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JDPriestly Sep 2012 #22
Bonhomme Richard Sep 2012 #13
Incitatus Sep 2012 #20
left-of-center2012 Sep 2012 #16
LynneSin Sep 2012 #17
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truthisfreedom Sep 2012 #21
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kpete Sep 2012 #27
olddad56 Sep 2012 #23
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MiniMe Sep 2012 #28
daybranch Sep 2012 #29
sakabatou Sep 2012 #30
central scrutinizer Sep 2012 #35
yellowcanine Sep 2012 #31
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davidn3600 Sep 2012 #37