Dude, don’t you get dizzy?
Mitt Romney is out in the open telling two completely different stories about how he both WILL and WON’T lower taxes on America’s wealthiest citizens. He WILL, he says, because it will spur the economy. He WON’T, he says, because he’ll be closing some as-yet undisclosed loopholes.
On “60 Minutes” last night, Mitt was asked if it is fair that he pays a lower tax rate than someone making, say, $50,000 a year. His answer:
Yeah, I — I think it’s the right way to encourage economic growth — to get people to invest, to start businesses, to put people to work.
So, that’s how Mitt wants to create jobs — trickle down economics (aka “Voodoo Economics”, H/T George H.W. Bush) where rich people get more rich and trickle their additional wealth down on the heads of those who are no-so-rich. And, has been pointed out by so many, his budget plan DOES lower taxes on the very rich.
But he also says, “Gosh, no! I would NEVER lower taxes on the rich!”:
“People at the high end, high income taxpayers, are going to have fewer deductions and exemptions. Those numbers are going to come down. Otherwise they’d get a tax break,” Romney said on “Meet the Press” airing on NBC today. “And I want to make sure people understand, despite what the Democrats said at their convention, I am not reducing taxes on high income taxpayers.”
So, just to be as clear as possible: Mitt Romney is going to create jobs by lowering taxes on the rich and he’s not going to lower taxes on the rich because he’s going to close loopholes so that they pay the same as they do now.
Got it? Good.
Because I sure don’t.