It's strange that Mitt Romney was so critical of the General Motors bailout. Like the cars of Alfred P. Sloan, there's a different Romney model "for every purse and purpose."
The voters of Mississippi and Alabama got the drawling, grits-loving Romney. More upscale voters get a Romney more keen to discuss economic policy, as he appeals to the all-important soccer moms and car-elevator dads…
Mitt Romney, speaking at a private fundraising event on Sunday, offered the first details of deductions he would eliminate or limit in order to offset the income tax cut he has proposed for all taxpayers.
Mr. Romney, the presumptive Republican nominee for president, said he would eliminate or limit for high-earners the mortgage interest deduction for second homes, and likely would do the same for the state income tax deduction and state property tax deduction.
He also said he would look to the Department of Education and the Department of Housing and Urban Development for budget cuts.
Mr. Romney discussed his plans while speaking to high-dollar donors at a private estate. During the backyard event, which could be heard by reporters outside on a public sidewalk, Mr. Romney offered policy specifics he has yet to unveil on the campaign trail.
It's understandable why Romney would not want to discuss his policy proposals in public — he's running for President! — but I'm amazed that Romney's privately expressed views are just as tepid as his publicly expressed ones. Eliminating the mortgage interest deduction on second homes might make it more difficult for the wealthy to purchase homes overlooking the scenic chasm between the rich and poor, but it's nowhere near the kind of elimination of tax expenditures needed to pay for $5 trillion in rate cuts.
And shrinking Housing and Urban Development and the Department of Education is fine, but why not eliminate the latter for all the good it's done the Republican field?
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Tags: Mitt Romney, Money, Primaries, Republicans, Taxes