Mother Jones has printed the full text of Mitt Romney's remarks at his May fundraiser in Florida.
We already know that Mitt dismisses seniors, active military, college students, children, working families making less than 50,000 a year and the poor as "victims" and that: "I'll never convince them that they should take personal responsibility and care for their lives."
But the following passage is worth noting.
Lowering tax rates for the wealthy will do nothing to alleviate or fix any of those problems. Tax rates on high income individuals has fallen from 50% in 1945 to roughly 25% now. The two Bush tax cuts were suppose to create phenomenal growth, they only produced phenomenal growth in income inequality and an epic economic catastrophe. "So our message of low taxes doesn't connect."
Mitt Romney is not a leader with a vision for America. Mitt, and his supporters want to live in America but they don't want to pay any taxes for the privilege of living here.
We already know that Mitt dismisses seniors, active military, college students, children, working families making less than 50,000 a year and the poor as "victims" and that: "I'll never convince them that they should take personal responsibility and care for their lives."
But the following passage is worth noting.
And I mean, the president starts off with 48, 49, 48—he starts off with a huge number. These are people who pay no income tax. Forty-seven percent of Americans pay no income tax. So our message of low taxes doesn't connect.Romney's message is low taxes. America is replete with problems, fading infrastructure, too much defense spending, shrinking investments in research and education, an aging population, 20 million unemployed workers, 30 million uninsured Americans, a war in Afghanistan, unequal income distribution, a dysfunctional partisan congress, a huge deficit mostly from the 8 year Bush administration and exorbitant secret campaign spending.
Lowering tax rates for the wealthy will do nothing to alleviate or fix any of those problems. Tax rates on high income individuals has fallen from 50% in 1945 to roughly 25% now. The two Bush tax cuts were suppose to create phenomenal growth, they only produced phenomenal growth in income inequality and an epic economic catastrophe. "So our message of low taxes doesn't connect."
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| Congressional Research Service: "Taxes and the Economy" |
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