|
Romney has also said he would reduce or eliminate some common tax breaks used by the wealthy to make up some of the revenue that would be lost. But he has yet to provide much additional information, or even define what he means by "wealthy." In his conversation with Thomas and others around the picnic table, Romney emphasized that middle-income Americans would benefit from his proposal to eliminate taxes on interest, dividends or capital gains for anyone earning $250,000 or less. When another person at the table, Kelly Wassel, expressed concern that the $500 per-child tax credit might expire at the end of the year, his response sounded like he might allow that to happen. "I would actually like to reshape the entire tax system, all right, that is what I'd like to do, and to simplify the system as opposed to all these little ... baby steps," as she nodded without protest. Romney set off a controversy over the weekend when he was overheard telling donors he might want to abolish the tax break for mortgages on second homes, or perhaps do away with state and property tax deductions for the wealthy. For the second day in a row, aides sought to dampen the controversy while he avoided it. On a conference call with reporters where surrogates criticized Obama for being vague about his own proposals, Rep. John Campbell of California turned aside a question about possible parallels to Romney. "There's a bunch of choices and there's a bunch of ideas, and frankly, which specific one you choose isn't that critical at this juncture," he said.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor