Is New York Times columnist Timothy Egan the only one who noticed THIS?: New York Times columnist Timothy Egan writes….
The Mitt Romney of the second debate… “looks like the guy who fires you”… has no idea what it’s like to be middle-class and struggling in 2012 America…. [H]ere was Romney explaining the benefits of his tax program, the breaks that you’ll get on your stock dividends and mutual funds. As he outlined it with all the mercenary gusto of the visiting suit with a PowerPoint, Romney said:
Every middle-income taxpayer will no longer pay any tax on interest, dividends or capital gains…. If you’re getting a statement from a mutual fund or any other kind of investment you have, you don’t have to worry about filing taxes on that.
No kidding. In Romney’s world, and throughout his own tax return, the money earned from money — as opposed to money earned from working — is the chief source of wealth. And it’s already taxed at a lower rate than middle-income earnings. Getting rid of those taxes altogether does nothing for the warehouse manager, schoolteacher or insurance sales person taking home a salary and being taxed at a full rate for making a living. But it’s great for someone living off mutual fund dividends….
Is Egan the only one who noticed this? Anyone who matters, I mean? I was stunned when Romney said that on Tuesday, and assumed that that would play as big news. When it didn’t, I forgot about it.