Texas Gov. Rick Perry’s announcement that he will soon be presenting a flat-tax plan sets the stage for a policy battle with former Massachusetts governor Mitt Romney. In the past, Romney has praised the flat tax theory but argued they are weighted towards the wealthy, The Washington Post’s political blog
The Fix reported.
In 1996 Romney spent $50,000 on newspaper ads in Boston, Iowa, and New Hampshire to oppose the flat-tax proposed by businessman Steve Forbes. The ads called the proposal a “TAX CUT for FAT CATS!” Romney argued that since the proposal did not tax investment profits and dividends some millionaires and billionaires would pay no taxes, the Post reported.
“There are some tax proposals that are called a flat tax that I don’t agree with, because it ends up being a huge tax break for the highest-income Americans, of which I happened to have been one. Still am,” Romney said in New Hampshire this year according to the Post. “And I’m not looking for a tax break for me but I want to make sure that we keep taxes as low as possible for middle-income Americans.”
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