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This morning, Mitt Romney told a crowd of middle-class Ohioans that his tax cuts would not offer much to the middle class, because he'd be lowering deductions and exemptions:

"We have got to reform our tax system," Romney said at a morning event here. "Small businesses most typically pay taxes at the individual tax rate. And so our individual income taxes are the ones I want to reform. Make them simpler. I want to bring the rates down. By the way, don't be expecting a huge cut in taxes because I'm also going to lower deductions and exemptions. But by bringing rates down we will be able to let small businesses keep more of their money so they can hire more people."

The comments were either a flub on Romney's part or an admission that many of the deductions and exemptions that he will have to target in order to make his tax plan deficit neutral will end up affecting the middle class.

It will be interesting to see how the campaign spins this one.

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Comment Preferences

  •  This is not worth rec-listing as it is (11+ / 0-)

    I just wanted to bring it to your attention. Feel free to take this and put up your own diary.

    Let us all have the strength to see the humanity in our enemies, and the courage to let them see the humanity in ourselves.

    by Nowhere Man on Wed Sep 26, 2012 at 08:32:45 AM PDT

    •  I recc'd it anyway. (2+ / 0-)
      Recommended by:
      Nowhere Man, Lujane

      Perhaps Romney is trying to sell himself as the "tough love" guy, willing to tell hard truths to America.

      Romney is not losing because people hate Right-wing economics. Unfortunately, Ayn Rand is still alive and well.

      Romney is losing because he is seen as personally untrustworthy.

      If Romney comes clean on the pain his plan will bring, he may get some personal credibility back.

      I believe (just a theory) that millions of Americans do not believe that Government should be used to further their economic self-interest. Romney can tell them to their face that he will raise their taxes and they may vote for him anyway. Remember: These red-staters have been voting against their economic self-interest for fifty years!

      Romney may have nothing to lose by trying the Straight-Talk Express route...

      •  It worked so well for Walter Mondale... (2+ / 0-)
        Recommended by:
        Lujane, ManhattanMan

        I'd actually like to believe that you're right, in theory, that many voters would put the national interest ahead of their own immediate economic self-interest. On the other hand, if Romney's tax plan really does result in no tax cuts (or tax increases!) for the middle class, along with cuts for the rich, I don't think that's in the voters' or the country's interest. And I doubt that Romney would be able to persuade a lot of voters otherwise.

        Let us all have the strength to see the humanity in our enemies, and the courage to let them see the humanity in ourselves.

        by Nowhere Man on Wed Sep 26, 2012 at 09:24:38 AM PDT

        [ Parent ]

      •  So the logic here is that-- (0+ / 0-)

        1.  Tax cuts stimulate something, but
        2.  If the gubmint (I hate to suggest Mr. Romney would ever be the gubmint, but in his universe--) cuts taxes, the deficit will be a problem, so
        3.  Tax cuts will be offset by screwing around with the tax code in some way that he doesn't want to talk about, and the whole point is to
        4.  Cut taxes.  

        5.  So, who gets the stimulation again?  

        How many wrongs does it take to make a right?

        by pdknz on Wed Sep 26, 2012 at 02:04:25 PM PDT

        [ Parent ]

  •  He said the same thing on 60 Minutes Sunday (5+ / 0-)

    But worth noting for those who missed it.

    "When people show you who they really are, believe them." - Maya Angelou

    by Pennsylvanian on Wed Sep 26, 2012 at 08:35:25 AM PDT

  •  Eliminates deductions and exemptions (4+ / 0-)

    Eliminates deductions and exemptions  for the struggling middle class SO THEY PAY AN EXTRA 2000$ IN TAXES,  but gives the rich, a 250,000 tax cut PAID FOR BY YOU.

    Put this sentence in the video that catches Rmoney saying these stupid things.

    Do it in a hurry please

    •  I would imagine OFA is already in post-production! (1+ / 0-)
      Recommended by:
      Carol in San Antonio

      I don't think the chairs had cooled off on the sets of the Sunday talking head shows when they released Romneys Sorry Sunday. I mean really, they are quick. OOPS! It was DNC that pulled this off.

      if a habitat is flooded, the improvement for target fishes increases by an infinite percentage...because a habitat suitability index that is even a tiny fraction of 1 is still infinitely higher than zero, which is the suitability of dry land to fishes.

      by mrsgoo on Wed Sep 26, 2012 at 08:49:23 AM PDT

      [ Parent ]

  •  Screwing everyone except the evil rich is a long (1+ / 0-)
    Recommended by:
    Nowhere Man

    standing R tradition.

    Evil rotten Ronnie started it in my generation.

    tipped and rec'ed

    The radical Republican party is the party of oppression, fear, loathing and above all more money and power for the people who robbed us.

    by a2nite on Wed Sep 26, 2012 at 10:06:58 AM PDT

  •  So "small businesses" get an actual tax reduction? (1+ / 0-)
    Recommended by:
    Nowhere Man

    There is NO way to reduce the taxes on "small businesses" (as he defines them) and NOT reduce them on high income individuals in the same tax bracket.  At least he's offered no way I can see of doing it.  And guess what?  The "small businesses" he's talking about aren't the self-employed barber or lawn care person (or the business employing a couple of people in a small mom-and-pop store or restaurant.

    If you really want to help small businesses, the way to do it is to allow them MORE deductions and tax credits, such as allowing them to deduct more than 100% of the wages of newly hired employees who have been unemployed for six months or some such period.

    Bin Laden is dead. GM and Chrysler are alive.

    by leevank on Wed Sep 26, 2012 at 10:16:39 AM PDT

  •  Dude... (0+ / 0-)

    You weren't in a quiet room.


    by GOPGO2H3LL on Wed Sep 26, 2012 at 11:21:55 AM PDT

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