As Governor, Mitt Romney Bragged To Standard And Poor’s About Raising Taxes
In an effort to keep the AAA rating for Massachusetts, Mitt Romney made a presentation to Standard and Poor’s showing how closing tax loopholes and raising taxes helped the economy of his state.
The presentation to the ratings agency reveals that Romney’s administration made the case to Standard & Poor’s that his state was creditworthy because of both spending cuts — the current preferred GOP method — and new revenues, including fees he imposed and tax “loopholes” he closed. The presentation also prominently cited a controversial set of tax increases in the summer of 2002, which Romney, then a candidate, had opposed.Click here for reuse options!
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