Mitt Romney On Taxes
In September, 2011 Mitt Romney Said He Would Keep The Bush Tax Cuts In Place. The Washington Post reported that “Romney said he would keep the Bush-era income tax cuts unchanged.” [The Washington Post, 9/6/11] CBO: One-Third of The Bush Tax Cuts Went To People With the Top 1% of Income, Who Earn On Average $1.2 Million. “Fully one-third of President Bush’s tax cuts in the last three years have gone to people with the top 1 percent of income, who have earned an average of $1.2 million annually, according to a report by the nonpartisan Congressional Budget Office to be published Friday… The new estimates confirm what independent tax analysts have long said: that Mr. Bush’s tax cuts have been heavily skewed to the very wealthiest taxpayers.” [Washington Post, 8/13/04]
Scott Brown On The Economy
Brown Opposed Small Business Tax Breaks Bill, Which Passed Without His Support. In September 2010, Brown opposed and attempted to filibuster a bill to provide small businesses with tax breaks and other benefits. “The measure…would create a $30 billion government fund to encourage lending and would eliminate capital gains taxes for long-term investors in some small businesses.” In explaining his opposition, Brown said that the bill included a provision “just like TARP”. The bill included the extension of some Small Business Administration lending programs and fee waivers, which some 2,270 Massachusetts small businesses had already taken advantage of according to the SBA. The measure passed without Brown’s support. [Boston Globe, 9/15/10]