Mitt Romney in 2008 Fox News NH Republican primary debate, Jan. 6, 2008


On Corporations: FactCheck: Closed $174M in corporate tax loopholes

In a new twist on an old theme, Romney downplayed the fee increases he enacted during his tenure as governor. Romney claimed, “We raised fees by $240 million... we brought them up to the cost of providing services.” However, in 2006 his own administration estimated the figure to be higher--$260 million. Independent estimates were higher yet, up to $400 million.

Moreover, Romney ignores the $174 million that his own administration figures he raised through “closing loopholes” in the corporate tax structure, which amounted to a tax increase for those who were using them.

Nor is it true that all of Romney’s fee increases were aimed at providing services. The Massachusetts Taxpayers Foundation says, “It’s been disingenuous to say there’s no new taxes, in the sense that there’s very little connection to the fee increases and the cost of services that the fees are supposed to represent.”

Source: FactCheck.org on 2008 Fox News NH Republican primary debate Jan 6, 2008

On Tax Reform: Raised $240M in MA fees, but only covering cost of services

Q: In your first year as governor you raised fees on individuals and corporations by more than $500 million. Would you explain why your record on taxes is better than your competitors?

ROMNEY: First of all, we raised fees by $240 million in our state because we had a whole series of fees that hadn’t been raised, in some cases, in decades, so we brought them up to the cost of providing services. These were not broad-based fees that were required for all people to pay, rather for specialized services.

Source: 2008 Fox News NH Republican primary debate Jan 6, 2008

On Tax Reform: Zero tax rate on capital gains, for incomes up to $200,000

I believe it’s critical for our economy going forward that we lower taxes for the middle class. And so I’ve proposed a special savings plan for people in middle incomes: Any interest income, or dividend income, or capital gains earned by people earning less than $200,000 a year should be taxed at the new rate of zero. Let people save their money for whatever purpose they’d like to save. I believe that will help stimulate our economy, and make it easier for middle-income folks to make ends meet.
Source: 2008 Fox News NH Republican primary debate Jan 6, 2008

On Tax Reform: Lowering taxes, like Bush tax cuts, grows the economy

Q: Would you explain why your record on taxes is better than your competitors?

ROMNEY: Lowering taxes grows the economy. Lowering taxes helps build jobs & helps working families, and so I strongly have been of the view that one of the great lessons for Ronald Reagan was that lowering taxes helped built our economy. Sen. McCain was one of two Republicans who voted against the Bush tax cuts. I believe the Bush tax cuts helped our economy grow and are one of the reasons that we’re not in a recession today Senator McCain continues to believe that that was the right vote to take, and I respect that that’s his view. I just happen to disagree with it. As governor, I fought tirelessly to reduce taxes. We cut taxes some 19 times in our state, and we held down s

Source: 2008 Fox News NH Republican primary debate Jan 6, 2008

On Tax Reform: FactCheck: Never opposed 2003 Bush cuts, but never supported

Romney & Huckabee feuded over Romney’s position on Pres. Bush’s tax cuts. Romney claims to have been a supporter of the cuts all along:

HUCKABEE: Did you support or oppose the 2002 Bush tax cuts?

ROMNEY: I have never opposed the Bush 2002 tax cuts. I supported them. The first comment I made about the Bush tax cuts was that I supported the Bush tax cuts.

Huckabee is referring to the 2003 cuts, which occurred right at the beginning of Romney’s term as governor. Romney is correct to say that he neve publicly opposed Bush’s tax cuts. But while he may have supported them, we find no record of his doing so in public. Indeed, Romney rather pointedly refused to endorse the Bush tax cuts in 2003. The Boston Globe cited Romney telling the state’s congressional delegation that he “won’t be a cheerleader” for tax cuts that he doesn’t agree with. According to this account, Romney added that he wouldn’t oppose Bush’s cuts either, because he “has to keep a solid relationship with the White House.”

Source: FactCheck.org on 2008 Fox News NH Republican primary debate Jan 6, 2008

The above quotations are from 2008 Republican primary debate, moderated by Chris Wallace of Fox News; Jan. 6, 2008; final debate before New Hampshire primary.
Click here for main summary page.
Click here for a profile of Mitt Romney.
Click here for Mitt Romney on all issues.
Mitt Romney on other issues:
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Jobs
Principles/Values
Social Security
Tax Reform
Technology/Infrastructure
War/Iraq/Mideast
Welfare/Poverty
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)





Page last updated: Dec 01, 2018