US EditionRomney calls for higher taxes on wealthy in New York Times op-ed
Romney urges wealthy Americans to pay more taxes and close major loopholes to prevent a 23% cut in Social Security benefits projected by 2034, advocating means-testing and life expectancy links.
- On December 19, Mitt Romney published a New York Times op‑ed calling for higher taxes on the ultra‑rich, including himself, as an urgent appeal to change tax rules and entitlement policy.
- Facing a projected 2034 shortfall, Romney warned the Social Security Trust Fund could trigger about a 23% benefits cut, linking it to the $38 trillion national debt and recent tax cuts.
- On the tax front, Romney proposed sealing the step‑up in basis for mega‑estates over $100 million and curbing 1031 exchanges, SALT deductions, and carried interest.
- The op‑ed prompted immediate reactions, with many Democrats and social‑media commentators praising Mitt Romney as welcoming the proposal, and Romney arguing it could quiet progressive anger and reposition the GOP to help working‑ and middle‑class Americans.
- Romney signaled a policy reversal, noting he now supports raising the FICA wage cap this year due to the cliff, conceded `Yes, taxes can slow growth` but said most measures have small impacts, and blamed DOGE and President Donald Trump's tax cuts for worsening debt.
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MichaelSavage.com – Nolte: RINO Romney Calls for Tax Hikes, Raising Retirement Age
Former U.S. Senator Mitt Romney renewed his RINO license in the far-left New York Times on Friday by calling for tax hikes and the raising of the retirement age. What is he doing, exactly? It’s all so strange. “If, as projected, the Social Security Trust Fund runs out in the 2034 fiscal year, benefits will…
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