Romney-- the champion of regressive taxation

[TexasLawyer]

Romney Focuses on Economy, Pledges to Cut Income, Company Taxes

By Heidi Przybyla
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Aug. 29 (Bloomberg) -- Former Massachusetts Governor Mitt Romney, who has taken the lead in the early Republican presidential contests by convincing social conservatives he has changed his position on issues such as abortion, is now focusing on economic matters, especially taxes.

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Romney said in an interview yesterday that he would make President George W. Bush's tax cuts permanent and lower corporate tax rates. He also said the U.S. government should "take a good, hard look" at implementing a consumption tax.

Romney made clear he opposes efforts to boost taxes for managers of private-equity firms, who often pay a lower rate than middle-income Americans. "I'm trying to bring taxes down," he said. "I'm not going to be in favor of a proposal to change something which is a capital gain and turn it into ordinary income," he said.

He also said the U.S. Federal Reserve is taking the right steps to address turmoil in world markets triggered by the subprime-mortgage collapse and housing defaults. Romney, who made millions as co-founder of a private equity firm, Boston- based Bain Capital LLC, before becoming governor, is betting he'll be able to leverage the economic issue as the campaigns kick into high gear after the Labor Day holiday.

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http://www.bloomberg.com/apps/news?pid=20601070&sid=ag50qtWlznsI&refer=politics

[EVDebs]

1. Hey, what about us hoi polloi ? eom

[muntrv]

2. Typical repuke mindset. Those who work for their money should be taxed

higher than those who inherit it.