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Ezra Klein: Romney’s problem isn’t his gaffes. It’s his policies.
Romney’s problem isn’t his gaffes. It’s his policies.
By Ezra Klein, Thursday
February 2, 2012
Mitt Romney's problem isn't his gaffes. It's probably better to refrain from saying you're "not concerned by the very poor" and that you "like being able to fire people," but campaigns are long, and all candidates make comments that can be taken out of context to make them look bad. Nor is Romney's problem his tax rate, or his wealth, or his time at Bain Capital. Romney's problem is the interaction all of this has with his policies. In particular, the interaction it has with his tax and fiscal policies.
Romney's tax policy, described simply, is to extend the Bush tax cuts and, then on top of that, sharply cut taxes on corporations, the wealthy, and upper-middle class investors, while letting a set of tax breaks that help the poor expire. The result, according to the Tax Policy Center, would be a $69 tax cut for the average individual in the bottom 20 percent and a $164,000 tax cut for the average individual in the top one percent. And Romney would pay for this through unspecified cuts to domestic programs. Since domestic programs mostly go to the poor and seniors, the regressive tax cuts would be regressively financed.
That's a tough political sell for any candidate. But Romney is a very rich guy who already pays surprisingly little in taxes and has made some oddly callous comments about the poor. And now he wants to lower the tax burden on people like himself, and pay for it by cutting programs for the poor and seniors? That's a much tougher sell.
more...
By Ezra Klein, Thursday
February 2, 2012
Mitt Romney's problem isn't his gaffes. It's probably better to refrain from saying you're "not concerned by the very poor" and that you "like being able to fire people," but campaigns are long, and all candidates make comments that can be taken out of context to make them look bad. Nor is Romney's problem his tax rate, or his wealth, or his time at Bain Capital. Romney's problem is the interaction all of this has with his policies. In particular, the interaction it has with his tax and fiscal policies.
Romney's tax policy, described simply, is to extend the Bush tax cuts and, then on top of that, sharply cut taxes on corporations, the wealthy, and upper-middle class investors, while letting a set of tax breaks that help the poor expire. The result, according to the Tax Policy Center, would be a $69 tax cut for the average individual in the bottom 20 percent and a $164,000 tax cut for the average individual in the top one percent. And Romney would pay for this through unspecified cuts to domestic programs. Since domestic programs mostly go to the poor and seniors, the regressive tax cuts would be regressively financed.
That's a tough political sell for any candidate. But Romney is a very rich guy who already pays surprisingly little in taxes and has made some oddly callous comments about the poor. And now he wants to lower the tax burden on people like himself, and pay for it by cutting programs for the poor and seniors? That's a much tougher sell.
more...
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