In an interview with 60 Minutes earlier this week Mitt Romney really let his true big government colors shine. In a discussion about taxes, Romney made it clear that while he supports lowering income tax rates, he has no intention of actually lowering the actual tax burden for most individuals. By “closing loopholes” and “eliminating deductions” for the wealthy Romney says his plan will more or less be revenue neutral, which means there is no plan to actually reign in the excessive levels of government spending. For those who have not seen through Romney’s limited government rhetoric for what it really is, this interview should be enlightening.
In the video posted here, Peter Schiff exposes Romney’s views for what they really are. Cutting through the rhetoric, Romney’s claim seeks to raise taxes on the rich and cut taxes for the middle class. Haven’t we heard that plan before? This is the same wealth redistribution policies of Obama, just framed in a different way. Add to this the fact that Romney has made preserving Medicare benefits from the “cuts” enacted by Obama as a central tenet of his campaign and his commitment of redistributing money from one demographic to another is confirmed.
The distinction between Romney and Obama on economic issues is much smaller than most Republicans will lead you to believe. As long as these are the economic values of the Republican leadership I don’t see much value to the party at all.