Here’s Romney already adopting the Occupy language in Arizona yesterday, saying that he would cut home mortgage interest deductions and charitable contribution deductions for the 1% because he thinks they need to pay more:
And by the way, I want to make sure you understand that, for middle income families, the deductibility of home mortgage interest and charitable contributions, those things will continue. But for high income folks, we are going to cut back on that, so we make sure the top 1% keeps paying the current share they’re paying or more.
First of all, if Romney is going to “cut back on that”, that being charitable deductions, he can’t then say “so we make sure the top 1% keeps paying the current share…” No, if you cut back on the deductions, the wealthy will pay more. It’s that simple The way he phrased it, “paying the current share they’re paying or more”, sounds more like “saved or created” language.
So that withstanding, Romney says he wants to limit charitable deductions so the 1% pay more. Hmmmmmm. Who else wanted to do that? Ah yes:
Romney is sounding more and more like Obama and his Occupy movement every day.
So why does he want to do this? Big Government had the part of the transcript right before this clip started:
I am going to lower rates across the board for all Americans by 20%. And in order to limit any impact on the deficit, because I do not want to add to the deficit, and also in order to make sure we continue to have progressivity as we’ve had in the past in our code, I’m going to limit the deductions and exemptions particularly for high income folks.
So he wants to avoid adding to the deficit, but he also wants to make sure that “we continue to have progressivity” in the tax code. Interesting. So based on that he is against a flat tax on the grounds that he believes the rich should pay higher tax rates than the “middle class”.
If this isn’t class warfare, I don’t know what is.