Romney Sticks To Pledge of Anti-tax
Mitt Romney the presumptive Republican presidential nominee appeared on Face the Nation Sunday and said he was standing by his pledge to not increase taxes. He says when there are lower tax rates there is more growth.
Romney said the only solution was to tame government spending that at this time is completely out of control. His policies, said the ex-governor of Massachusetts, is to reduce the spending of the government and increase the amount of growth in the economy.
Romney is in the midst of his bus tour in six states, but stopped to appear on the Sunday news program and said he would not even agree to a one dollar increase in taxes with ten dollars worth of spending cuts. He would limit the amount of tax exemptions and deductions, but gave no specifics, just saying that he would describe it all to Congress if elected.
He did say the correct way to change exemptions and deductions was to limit them for the individuals with high income to maintain the progressivity of the code. Although his plan would include lowering tax rates in all brackets, he said one absolute requirement of tax reform would be that people at the high end would still pay the same tax burden they are currently paying now.
He said he did not want a tax cut for the wealthiest, but in general he wanted taxes to come down for all and to make sure that growth is stimulated through lowering the taxes. For him it is just about being able to create new jobs.