Campaign 2012

Romney: Extend Bush Tax Cuts

GOP candidate says election winner shouldn’t have to immediately face fiscal cliff.

July 23, 2012, 2:33 p.m.

COSTA MESA, Cal­if. — Pre­sumptive Re­pub­lic­an pres­id­en­tial nom­in­ee Mitt Rom­ney sup­ports ex­tend­ing the Bush tax cuts to give the win­ner of the 2012 elec­tion time to put policies in place without fa­cing the so-called fisc­al cliff in Janu­ary.

No mat­ter who is elec­ted in Novem­ber, Rom­ney told CN­BC’s Larry Kud­low in an in­ter­view air­ing on Monday night, the win­ner should have “at least six months or a year” to put policies in place without fa­cing the loom­ing spend­ing cuts and tax hikes that would be set to kick in two months later if law­makers do not act. “Let’s ex­tend where we are now, as op­posed to look­ing at a cliff in Janu­ary that would cause, well, real dis­tress for the eco­nomy,” Rom­ney said.

“What I’m say­ing is, don’t raise taxes,” he said by way of elab­or­a­tion, adding that he would ul­ti­mately pro­pose re­form­ing the tax code by bring­ing rates down across the board.

Rom­ney also said he would lim­it de­duc­tions and ex­emp­tions “so that the highest-in­come people con­tin­ue to pay the share that they’re pay­ing now…. I’m not look­ing for tax breaks for high-in­come folks, but I am look­ing for more money be­ing kept in small busi­ness so we can hire more people and pay bet­ter wages,” he said.

Rom­ney also de­fen­ded his con­tinu­ing at­tacks over Pres­id­ent Obama’s state­ment to busi­ness own­ers that they didn’t cre­ate their com­pan­ies en­tirely on their own. He ar­gued that the con­text — in which Obama was say­ing that they were aided by gov­ern­ment in­vest­ment in in­fra­struc­ture and oth­er pro­grams — is worse than the quote.

“This is an ideo­logy which says, ‘Hey, we’re all the same here, we ought to take from all and give to one an­oth­er and that achieve­ment, in­di­vidu­al ini­ti­at­ive and risk-tak­ing and suc­cess are not to be re­war­ded as they have in the past,’ ” he said. “It’s a very strange and in some re­spects for­eign to the Amer­ic­an ex­per­i­ence type of philo­sophy.

“We have al­ways been a na­tion that has cel­eb­rated suc­cess of vari­ous kinds. The kid that gets the hon­or roll, the in­di­vidu­al work­er that gets a pro­mo­tion, the per­son that gets a bet­ter job. And in fact, the per­son that builds a busi­ness. And by the way, if you have a busi­ness and you star­ted it, you did build it. And you de­serve cred­it for that. It was not built for you by gov­ern­ment.”

Rom­ney also waded in­to the is­sue of gun con­trol, a sub­ject of de­bate after last week’s deadly shoot­ing in Au­rora, Colo. While Rom­ney dis­cour­aged dis­cuss­ing the polit­ics as­so­ci­ated with the shoot­ing, he did say that he didn’t be­lieve new laws would have made a dif­fer­ence.

“There are — were, of course — very strin­gent laws which ex­is­ted in Au­rora, Col­or­ado. Our chal­lenge is not the laws, our chal­lenge is people who, ob­vi­ously, are dis­trac­ted from real­ity and do un­think­able, un­ima­gin­able, in­ex­plic­able things,” he said.

Ahead of a for­eign trip planned for this week, Rom­ney was highly crit­ic­al of Obama’s hand­ling of the pro­trac­ted con­flict in Syr­ia. “I think from the very be­gin­ning we mis­read the set­ting in Syr­ia. The sec­ret­ary of State said that [Syr­i­an Pres­id­ent Bashar] al-As­sad was a re­former. That’s a phrase which will ob­vi­ously go down in his­tory as be­ing poorly timed and en­tirely in­ac­cur­ate,” he said.

While he called for more as­sert­ive lead­er­ship — “There’s no ques­tion but that As­sad has to go,” he said — he did not provide fur­ther de­tails on ex­actly how he might have handled the con­flict dif­fer­ently.

What We're Following See More »
HIS LAWYERS ASKED FOR LENIENCY
Cohen Sentenced to 36 Months in Prison
20 hours ago
THE LATEST
HEADS TO HOUSE FOR FINAL PASSAGE
Senate Passes Farm Bill, 87-13
1 days ago
THE LATEST
SAYS MCCONNELL
Senate To Take Up Criminal Justice
1 days ago
WHY WE CARE

"Senate Majority Leader Mitch McConnell said that the Senate will take up criminal justice reform legislation as soon as this week, marking a win for President Donald Trump and a remarkable turnaround for the bill. The latest version of the measure could be released as soon as Tuesday, according to two sources familiar with the matter, and is likely to win over more Republican support on a plan that had sharply divided the GOP."

Source:
SAYS THEY'RE BLACKMAILING HIM
Jerome Corsi Sues Mueller, Agencies for $350M
3 days ago
THE LATEST

"The conservative writer and conspiracy theorist Jerome Corsi filed a lawsuit on Sunday accusing special counsel Robert Mueller of blackmailing him to lie about President Donald Trump in the investigation of Russian interference in the 2016 election. The suit, which seeks $350 million in actual and punitive damages in U.S. District Court in Washington, was filed six days after Corsi entered a formal complaint with the Justice Department alleging prosecutorial misconduct by Mueller." Corsi alleges that Mueller illegally leaked information from the grand jury, and that Mueller's team "threatened him with prison unless he agreed to testify falsely that he served as a liaison between WikiLeaks founder Julian Assange and the Republican political strategist Roger Stone."

Source:
BOTH SIDES' POSITIONS HAVE HARDENED OVER BORDER
Trump Meeting with Schumer, Pelosi on Tuesday
3 days ago
THE LATEST

"A year-end spending deal to fund one-quarter of the federal government rests on a critical meeting this week between President Trump and two top Democrats. Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., will meet with Trump Tuesday morning to talk about what agreement the two sides can reach, if any, when it comes to funding for a southern border wall."

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login