Mitt Romney Calls For Raising Taxes On Super Rich In NYT Op-Ed
HuffPost
The former Republican senator from Utah and 2012 GOP presidential nominee said, “It’s time for rich people like me to pay more.”
Former Utah Republican Sen. Mitt Romney called for taxing the ultra-rich at a higher rate to help save Social Security for future generations, saying that “it’s time for rich people like me to pay more.”
Romney, a former Republican presidential candidate and governor of Massachusetts, wrote in an op-ed published by The New York Times on Friday that wealthy Americans ought to contribute more to help save the Social Security Trust Fund.
The fund is projected to run out of money by 2034, a rapidly approaching cliff that would sharply reduce people’s retirement benefits absent action from Congress.
“I believe in free enterprise, and I believe all Americans should be able to strive for financial success. But we have reached a point where any mix of solutions to our nation’s economic problems is going to involve the wealthiest Americans contributing more,” Romney wrote in the op-ed.
Romney also said he supports closing tax loopholes exploited by the wealthy, referring to them instead as “tax caverns.” This includes ideas many Democrats have proposed over the years, like increasing the tax rate on carried interest and taxing large inheritances over $100 million that avoid the capital gains tax after they are passed down following the asset owner’s death.
There's no indication The New York Times columnist did anything wrong. But wow, the timing of his column and the photo dump is unfortunate!
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