Thursday, August 16, 2012

Video of the Day: Romney: 'I Never Paid Less Than 13%' in Taxes - The Atlantic

Video of the Day: Romney: 'I Never Paid Less Than 13%' in Taxes - The Atlantic
"So Romney pays a lower effective tax rate than 60 percent of Americans, and those who pay lower are the poorest 40 percent of the population. And that shows Romney's trouble, and why his answer is a bit disingenuous. For example: Mitt Romney mentioned in that very statement that he wants to stop Iran from becoming nuclear, and he wants to expand the defense budget, and that requires money. Meanwhile, Romney has voiced support for reforms proposed by his running mate Paul Ryan that would reduce federal spending on entitlements. Federal revenues matter to those things. While the amount Romney is paying to the IRS every year isn't the difference between solvency and not, it's not hard to see why people care about what wealthy people like him are paying."