The lie of "huge tax breaks" isn't something you should so readily accept as truth.
Romney: Fewer Tax Deductions for the Wealthy, No Tax Hikes on Middle Class
By
Susan Jones
September 10, 2012
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(CNSNews.com) - "We're
not going to have high income people pay less of the tax burden than they pay today. That's not what's going to happen," Republican presidential nominee Mitt Romney told NBC's "Meet the Press" on Sunday.
"I do want to bring taxes down for middle income people," he said. "In particular, I want middle income Americans not to have to pay taxes on interest and dividends and capital gains."
Asked whether his plan would reduce the deficit, Romney said it would: "And if we
limit or eliminate some of the loopholes and deductions at the high end, we keep the current progressivity of the (tax) code and we get the same revenue coming into the government. And one marvelous thing we get is more growth of the economy.
Romney said his
tax policy is designed to encourage more hiring: "I'm very concerned that we have 23 million people that are out of work or stopped looking for work or under-employed. And so everything I want to do with regards to taxation follows simple principles, which is bring our rates down to encourage growth, keep revenue up by limiting deductions and exemptions and make sure we don't put any bigger burden on middle income people. In fact,
I want to lower the burden on middle income people.
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Romney: Fewer Tax Deductions for the Wealthy, No Tax Hikes on ...
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