Romney Opposes Tax Compromise, Says Cuts Should Be Permanent

There is no such thing as "permanent" with respect to taxes.
There is a very clear distinction between how the two major political parties look at our nation's economic performance. One group just looks at simple measurements of GDP and real median income, and the other group includes measurements of income and wealth distribution. While GDP and real median income grew with the Bush tax cuts, the majority of Americans did not see real growth in their income or wealth as the growth was heavily skewed toward high income and the wealthy.
Unfortunately, neither of the major political parties has shown a willingness to take actions to address the real cause of our economic decline which is, in my opinion, unbalanced trade agreements which allow other countries unrestricted access to our markets while they restrict access to theirs. If Romney wants to talk about real world actions that will reduce our trade deficits, increase domestic business activities and create jobs; then I'll be willing to listen to him. But if all he wants to do is take jabs at short term Obama-GOP compromise proposal for extending tax cuts and unemployment benefits; then, his opinion is nothing more than another distraction...

Wow, could there possibly be any more doubletalk and hypocrisy out of one person at one time? The bill is bad because it doesn't extend the Bush rates permanently, but it's also bad because it will bloat deficits. It will be good for short term stimulus but it won't be good because uncertainty is not good for investment, job creation. This guy is shamelessly spewing one contradiction after another in order to tell everybody something they want to hear, while he calls out Obama for positioning for the 2012 elections, as if he's not doing the same thing, and from the sidelines no less where he doesn't actually have to do or risk anything. I wonder how Romney will be faring a year or so down the road when the vast majority of Republicans, regardless of which particular faction they associate with, want to see their potential candidates actually standing convincingly for SOMETHING.

If the rich are getting taxed at the same rate as the poor and middle class and they get progressively wealthier when the GOP is in power (which is obvious)then not only will there be less money avalable for the government to pay SS and unemployment, but the huge profits they glean will not be put back into circulation (can they eat that much more or buy that many more luxury items?). No, that mony will sit and draw interest and add to the growing disparity of wealth that already exits here. I am not against anyone making a few hundred thousand or even a million, but does anyone really need several billion or even several million while other people scrape to get by and even die from our deplorable medical care? If you make enough that you are worried about being taxed too much you are very lucky indeed. Most people worry about their next paycheck, keeping ther jobs, and how they will pay their bills. And if you are one of the latter individuals making ten dollars an hour and think the GOP is your friend you are so misguided. And why, why why do so many people who want smaller government inevitably also want a large military and support actions on behalf of helping the foreigners that they hate so much (when they come here)? As the Onion said after the 2000 Bush victory, never in history have so many people acted (and continue to act)against their own interests.

It takes making OVER $100 per hour for 40 hours per week for 52 weeks to earn $250K. Iseriously doubt that very many people, if any, here really make that much -regardless pf what they claim.

It adds to the deficit, but it doesn't count when its permanent? what a bunch of hipocrites.

of course Romney wants permanent tax cuts, he and his wealthy friend would benefit from it and once again leaving the soon to be gone middle class screwed AGAIN!!!

unbelievable. The nerve of the GOP knows no bounds. The minute that the republicans gained control of congress the gasoline prices almost immediately rose to 2.99 (but not to three yet) and have remained there or close ever since. I understand what chunki99 is saying and he may be correct that the govt should target wealthier individuals (though $250,000 looks pretty fat to a lot of us bottom dwellers) but all indications from the Bush years (when gasoline also immediately rose within a week of his "victory" in 2000)that when the Republicans gain power the rich get richer and the poor sink. The tax cuts are just another part of that.

I'm in the area of 250k and get taxed nearly 40%....why should I pay more . Democrats keep referring to million and billionaires...last time I check 250,000 is a far cry from that and its where a fair share of small business operate. If the democrats were smart they would truely target the rich and not the small business owners. Get the 250k off the board and I'm sure you would win over a good share of small business owners who are cannot afford any tax increase.

Good ruse, Mr. Romney. That said, tell me how we are going to run our nation with no tax revenues? Nice vote catcher but if this is your best, do not run for the nomination!

Wouldn't Romney's health care plan in Massachusetts be unconstitutional too? How is their plan different from the national plan?