Romney's '47%' – Washington's tax break obsession to blame
September 18th, 2012
08:50 AM ET
2 years ago

Romney's '47%' – Washington's tax break obsession to blame

New York (CNNMoney) – Mitt Romney's videotaped remarks made public this week point to at least one true fact: Nearly half of American taxpayers do indeed end up paying no federal income tax.

In footage taped with a hidden camera at a Romney fundraiser in May, the Republican presidential candidate describes the "47% of the people who will vote [for President Obama] no matter what." He says they are "dependent on government" and "believe they are victims." They "pay no income tax," he says.

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Filed under: 2012 • Mitt Romney • Taxes
soundoff (51 Responses)
  1. El Dandy

    You know, if we just got rid of all tax breaks, the effective tax rate would be incredibly low. Last I saw it would be about 6%.

    What would you rather have? 20%+ but you have to lie/cheat you way down, or 6% flat.

    September 18, 2012 10:25 am at 10:25 am |
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