In accepting the GOP nomination for president, Mitt Romney vowed to restore America’s economic prosperity. But Romney isn’t the kind of guy you take at his word. Allow us to translate:
What he said: “Today women are more likely than men to start a business. They need a president who respect and understand what they do. And let me make this clear. Unlike President Obama, I will not raise taxes on the middle class of America.”
Translation: My plan would actually require a middle class tax increase. To keep my promise to maintain the current level of revenue, it would raise taxes on middle class families by up to $2,000.
What he said: “…unlike the president, I have a plan to create 12 million new jobs.”
Translation: I want to create a territorial tax system, which would allow the profits made by an American company in foreign country to escape U.S. taxation – incentivizing corporations to shift work to low-tax countries abroad and create 800,000 jobs overseas. And my 59-point plan to create jobs and lower unemployment simply has no real world evidence. It would actually kill 360,000 jobs in 2013 alone.
What he said: “We will cut the deficit and put America on track to a balanced budget.”
Translation: My plan lacks specifics. I have no idea how I’ll cut the national debt when I’ve already promised to cut taxes, increase military spending, restore more than $700 billion to Medicare and repeal President Barack Obama’s health care law – a plan that will actually help the country save money.
Share this story: