Monday, September 3, 2012

As Governor Romney Relentlessly Scoured Tax Code To Close Loopholes

The most powerful gun in the world may be going to blow your tax deductions clean off, if elected.

The Mormon Romney is a tax enforcer, loaded with rectitude, if a long article in The New York Times, here, last October has it right:


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. ...


The Democratic-controlled Legislature, which had assumed that Mr. Romney was cozy with the state’s corporate executives, was both taken aback and thrilled by the onslaught. ...


Several experts on the state’s economy said that by increasing tax enforcement, Mr. Romney staved off wider cuts to essential services.