A rare moment of candor from the Mittster (aka Mittens). Thanks to the Huffington Post for this article.
WESTERVILLE, Ohio — In a line that event attendees found a bit puzzling, Mitt Romney warned a crowd of mostly middle-class onlookers on Wednesday not to expect too much tax relief under his administration.
“We have got to reform our tax system,” Romney said at a morning event here. “Small businesses most typically pay taxes at the individual tax rate. And so our individual income taxes are the ones I want to reform. Make them simpler. I want to bring the rates down. By the way, don’t be expecting a huge cut in taxes because I’m also going to lower deductions and exemptions. But by bringing rates down we will be able to let small businesses keep more of their money so they can hire more people.”
The comments were either a flub on Romney’s part or an admission that many of the deductions and exemptions that he will have to target in order to make his tax plan deficit neutral will end up affecting the middle class.