So Where Are We?
Florida could as well be located on the North Pole. I say that in relation to the rhetoric we are hearing from the candidates in Florida versus their words spoken in South Carolina the week before. The only thing that has remained constant is that all the woes of America are the fault of President Obama. Liars figure, but figures don’t lie.
Mitt Romney has had a very positive week. His campaign momentum appears to be on the rise largely on the strength of two good debate performances. Yet the big question not being addressed is where does Romney stand on tax reform?
Mitt’s tax return speaks volumes about how the system is tilted. For sure, all Americans are eligible to buy stocks, bonds, or other complex financial instruments. All Americans also qualify for a low rate on income obtain from these investments. The facts, however, are that these low rates benefit the rich disproportionately more than the rest of Americans.
This is not a case of “class warfare”. Rather, it is a case of common sense. The tax code, we are told, is suppose to be progressive. Today almost half of those filing returns pay zero. The rich like Romney pay a tax rate far less that those caught in between. Tax reform is necessary for fairness but it should be viewed as mandatory for the financial health of the country.
The present tax code is not President Obama’s fault but it sure demands fixing. Since Romney has a dog in this fight, I wonder why Wolf Blitzer does not press this question and find out how Mitt really feels?
This entry was posted on January 28, 2012 at 11:51 am and is filed under Barack Obama, Democratic Party, Politics, Republican Party. You can subscribe via RSS 2.0 feed to this post's comments.
Tags: 2012 election, capital gains, florida, gop, irs, mitt romney, taxes
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