Mitt Romney's plan to cut your taxes
February 22nd, 2012
01:44 PM ET
3 years ago

Mitt Romney's plan to cut your taxes

New York (CNNMoney) – In a switch to a more aggressive tax plan, Mitt Romney said Wednesday that he now favors cutting marginal tax rates for individuals by 20%.

The candidate had previously said he would "maintain current tax rates on personal income" as president before moving to a "fairer, flatter, simpler tax structure" in the future.

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Filed under: 2012 • CNNMoney.com • Mitt Romney • Taxes
soundoff (10 Responses)
  1. diridi

    How can you fill the deficit, and how can you pay off the debt that came from Iraq War, and Trickle Down nonsensical theory? How can you make the Social Security, and Medicare, etc, all the needed entitlements solvent? You need to raise the taxes on who ever make more than 1 million dollars. Are you told by idiot like Cris Christy? Do not believe....Obama2012.

    February 22, 2012 01:59 pm at 1:59 pm |
  2. USA

    Yea MITTENS : )

    February 22, 2012 02:02 pm at 2:02 pm |
  3. GI Joe.

    The president doesn't make te laws. That would be up to CONGRESS

    He can suggest, but it doesn't mean he'll get everythng he wants, same as other presidents. Promises tell you what they'd LKE to do.

    February 22, 2012 02:04 pm at 2:04 pm |
  4. Mikey

    Yep. Cut taxes, increase military spending, protect social security and medicare, AND balance the budget. These are all Romney promises... and there is no way he can keep them – it's simple mathematics. There isn't enough left after the military, SS, Medicare, and interest on the debt to cut and pay for new tax breaks, increased milirary spending, AND close a $1B deficit. Mitt is lying. We will all be taken for a ride on his promises – probably in a dog kennel on the roof of his car.

    February 22, 2012 02:06 pm at 2:06 pm |
  5. Annie, Atlanta

    Eventually with all these tax cuts, and suggestions of tax cuts, this country isn't going to have enough money to operate, let alone pay our politicians. Now there's some cuts I'd like to see. The President's salary as well as that of congress cut in half, no more health care benefits and pension plans. Just like they expect from the rest of us. How about it, folks?

    February 22, 2012 02:13 pm at 2:13 pm |
  6. CorporationsRPeople2

    Most people who are middle class have a federal tax rate near 20% already. Lowering it to 20% is a tiny amount because that's very close to what they're already paying. His plan would change the rate for high income earners from 35% to 28% which is a huge gift to rich people.

    It's interesting to go to congress dot gov and read the various 'fair' tax proposals. In many cases, when you read the details you find there is nothing fair about them except the title.

    February 22, 2012 02:16 pm at 2:16 pm |
  7. Voice of Reason

    It seems that Romney has only ONE way of seeing elections: Something to be BOUGHT.

    Whether via advertising and super-PACs,
    Or by promising lower taxes for everyone.
    What's next? $2 gas?

    February 22, 2012 02:35 pm at 2:35 pm |
  8. Rudy NYC

    GI JOE wrote:

    The president doesn't make te laws. That would be up to CONGRESS. .... He can suggest, but it doesn't mean he'll get everythng he wants, same as other presidents. Promises tell you what they'd LKE to do.
    ----------
    ...and that "suggestion" is what is known as a budget, which is a framework for government fiscal affairs. If the budget is passed by Senate and House, then Congress must work out the details of keeping stuff running within that framework. If they do not pass a budget, then they are free to work out the details for themselves. The latter case of Congress not passing a budget opens the door for one side to "defund" programs that they do not like, or conversely to overfund programs that they do like, like tax cuts, pork, and defense spending. Sound familiar?

    February 22, 2012 02:41 pm at 2:41 pm |
  9. Susan

    Rudy NYC – Not sure why you bothered correcting GI Joe's comment. He doesn't get it and doubt he ever will. On the other hand, thanks for the clarification so others won't mistakenly follow blindly down that path.

    February 22, 2012 03:09 pm at 3:09 pm |
  10. george of the jungle

    mitt will say anything to get elected next week we won't pay taxes at all. and he will give us a rebate and a 4 day work week. What a clown

    February 22, 2012 03:12 pm at 3:12 pm |