Tags: perry | romney | flat | tax

Perry, Romney Battle over Flat-Tax

Friday, 21 Oct 2011 10:29 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.”


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

House Dems Launch Their Own Benghazi Website

Tuesday, 16 Sep 2014 19:58 PM

Democrats on the House Benghazi Select Committee unveiled a website on Tuesday intended to answer questions about the 20 . . .

Carter Grandson Giving Georgia GOP Gov. Deal a Tough Battle

Tuesday, 16 Sep 2014 19:14 PM

Georgia Republican Gov. Nathan Deal is in a tight race with gubernatorial challenger Jason Carter, who's running with bo . . .

Huckabee's Foreign Policy Talk Signals Possible 2016 Run

Tuesday, 16 Sep 2014 16:59 PM

On Monday, Fox News host and former presidential candidate and Mike Huckabee talked foreign policy for most of a 45-minu . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved