Human
Events...
Is
Romney Making an About-Face on Flat
Tax?
by Tony Lee and Jarrett Stepman
08/16/2011
Tax
reform and the flattening of tax
rates may become a bigger campaign issue than they currently are as the
primary
season heats up and after Congress comes back and the “Super Committee”
begins
deliberations.
Former
Governor of Massachusetts Mitt
Romney seems to be aware of where the mood of the electorate is
heading, as he
seemed more than open to endorsing
a
version of the flat tax on the campaign trail this week in New
Hampshire, a
state known for its hatred for taxes and love of liberty.
Romney
continued on the theme that it
isn’t right for only the “top 1%” to receive tax breaks, but he said
that his
tax proposal in the fall will be about “bringing our tax rates down
both at the
corporate level and the individual level, simplifying the tax code
perhaps with
fewer brackets.”
He
then went on to say that “one
bracket alone would be even better in some respects.”
In
addition, Romney also made several
comments in Plymoth, New Hampshire that indicate he has a new found
approval
for a flat tax.
But
this is yet another instance when
Romney’s past comments may come back to haunt him and give his
opponents more
ammunition to label him an unprincipled flip-flipper.
In
a full page Boston Globe
advertisement in 1996, Romney attacked Steve Forbes’ flat tax proposal
as being
unfair and a “tax cut for fat cats!”
In
the ad, he took an entirely
populist theme saying among other things that the Forbes flat tax will
drop taxes on the super-rich
while stiffing the middle class.
The
ad said, “0% Forbes tax on
Kennedy’s, Rockefellers, and Forbes down and gone,” and on the other
side said,
“Forbes tax on you up and up!”
The
distaste for flat taxes continued
for Romney up until 2008 when he said, in an
interview with the Des Moines Register, that
“one person’s flat tax is
another person’s unfair tax.”
While
Romney has made a change in
opinion on the flat tax, or at least the flattening of taxes, other
current
primary candidates have made strong endorsements for it, with one even
implementing a flat tax.
Former
Speaker of the House Newt
Gingrich and Minnesota Representative Michele Bachmann have both
claimed to
support a flat tax.
And
Former Utah Governor John Huntsman
was actually able to implement a flat tax in the state of Utah during
his time
as governor, which placed the income tax rate at 5 percent with some
allowance
for tax credits that apply to about 90 percent of the population. The
tax
legislation brought Huntsman high marks from both the libertarian Cato
Institute as well the fiscally conservative advocacy group, Club for
Growth.
Romney
has often had difficulty
defending his record and stances as governor of the very liberal state
of
Massachusetts, and a departure from his earlier denunciations of a flat
tax may
end up costing him with conservative primary voters.
Read
it at Human Events
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