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Much of the business community in Massachusetts was puzzled. Mitt Romney, a Republican with high-caliber corporate credentials, had run for governor pledging to sweep aside barriers to business and act as the state’s “top salesman.”
But just a few months after Mr. Romney took office in 2003, what he delivered seemed anything but friendly to the C.E.O. crowd: a bill to financial firms for what they saw as $110 million in new corporate taxes — and a promise of more to come.
“How could he do this to businesses as a business guy?” Joe Casey, then a top executive at a Massachusetts bank, Seacoast Financial, recalled asking colleagues whose companies had to pay up.
Mr. Norquist regards the changes as tax hikes.
“They changed the laws and the rules to significantly raise taxes,” he said. “That is a tax increase.”
Would Romney go against his pledge and raise taxes on US Corporations?
Would Romney go against his pledge and raise taxes on US Corporations?
The left should be tickled, isn't that what you want? Sheesh, can't make lefties happy.
What an unreasonable guy. From your link.
"An examination of the period reveals a more complicated picture. It shows a governor who sometimes put the need to find new revenues ahead of the conservative argument that tax increases almost by definition kill jobs; a shrewd financial manager who aides said was guided by a strong sense of rectitude, not just pragmatism; and a political aspirant willing to buck the orthodoxies of his own party — at least, state lawmakers said,"
The left should be tickled, isn't that what you want? Sheesh, can't make lefties happy.
What an unreasonable guy. From your link.
"An examination of the period reveals a more complicated picture. It shows a governor who sometimes put the need to find new revenues ahead of the conservative argument that tax increases almost by definition kill jobs; a shrewd financial manager who aides said was guided by a strong sense of rectitude, not just pragmatism; and a political aspirant willing to buck the orthodoxies of his own party — at least, state lawmakers said,"
He's making the point that Romney is the Republican version of Obama when it comes to campaign promises and going 180° on them after being elected
For the next three years, the Romney administration relentlessly scoured the tax code for more loopholes, extracting hundreds of millions of corporate dollars to help close budget gaps in a state with a struggling economy.
It was only after Mr. Romney was gearing up in 2005 for a possible White House bid that he backed away from some of his most assertive tax enforcement proposals amid intensifying complaints from local companies and conservative antitax groups in Washington.
Yes i'm sure corporations have more to fear from Romneys tax policies then Obamas.....yeah...ok
The economists and business leaders don't seem to agree with your opinion.
Quote:
“Changing the rules and being more aggressive with loopholes sent a message to larger companies,” said Michael P. Hogan, the former chief executive of MassDevelopment, a state-financed group that worked closely with the Romney administration to market the state to companies. “It was a little bit of a step back.”
The impact of closing the loopholes, which produced a relatively small fraction of state revenues, is an open question. “It cost us jobs,” said David G. Tuerck, an economist at Suffolk University in Boston
He did it by closing loopholes, the same thing he has said he would do at the federal level... If you don't like it, that's fine, but it certainly doesn't point to any Romney hypocrisy.
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hmm...
