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Romney Backs End To Taxes On Savings

Page history last edited by PBworks 16 years, 11 months ago

Romney Backs End To Taxes On Savings

By: Thomas Beaumont

Des Moines Register

 

Thursday, Apr 05, 2007

 

"Former Massachusetts Gov. Mitt Romney said Wednesday that he would propose eliminating taxes on savings for middle-class Americans if he is elected president, but he would not overhaul the U.S. tax code.

 

"'I'm probably not going to be recommending throwing out the code and starting over,' the Republican said during a meeting with Des Moines Register editors and reporters. 'We all can dream about a much simpler, fairer, flatter system.'

 

"'I look to say, "Can we make the tax rates lower for all Americans?" Can we make the tax on savings, particularly on middle-income Americans, disappear?'

 

"The message resonated with the image Romney hoped to project in an ad that began airing Wednesday in which he pledges to ensure that federal spending on programs other than defense grows more slowly than the inflation rate."

 

...

 

"During a week of intense campaign attention in Iowa, Romney's one-day visit took him to the Des Moines area, where he met with GOP lawmakers at the Capitol, toured Pioneer Hi-Bred's greenhouses in Johnston, and opened a campaign office in Urbandale."

 

...

 

"Romney didn't mince words Wednesday, three times asking the roughly 100 Pioneer employees he addressed for their support in the Ames straw poll, set for Aug. 11 at Hilton Coliseum. The event is seen as a measure of organizing strength and popularity in Iowa.

 

"Later, Romney hosted a telephone question-and-answer session with Iowans. Topics included social issues, taxes and Iraq, with Romney stating his support for President Bush's policy to increase troop levels." ...

 

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