Romney Proposes Tax Changes
Thursday, August 16th, 2007Romney’s savings proposal would eliminate taxes on interest, dividends and capital gains for middle-class families. He said he knew what pay range he considers middle class, but will announce those figures “in a speech to be delivered.”The call for making permanent the Bush tax cuts — which benefit only the most wealthy people in this country — is not new with Romney, or many other Republicans for that matter.
When asked by a man in the crowd about the so-called “Fair Tax,” Romney said that “taxes that are fairer and flatter are a good starting point,” but that the Fair Tax that’s been proposed in Congress has drawn criticism from retailers and those in the home sales industry, so that it would need to be studied more.
On tax relief, Romney also wants to eliminate the death tax and lower corporate taxes.
This isn’t as ambitious of an agenda I’d like to hear regarding taxes, but it’s okay. It’s a bit ridiculous that candidates even have to talk about making the Bush tax cuts permanent, but that is just another failure of his administration when you consider his own party controlled the Congress. I definitely like the elimination on dividends and capital gains, although with my luck in investing gains aren’t something I usually have to deal with.