Romney promised to reduce all income tax rates by 20%, very impressive. He added that your deductions would be reduced so that the government’s operating deficit would not increase. Romney is saying your tax payments will not decrease and might actually increase. As a result, some will pay higher taxes when they lose more in deductions than they save due to the rate change. Think about losing your home mortgage interest deduction and your charitable gift deduction. When the public rebels against losing popular deductions, a president Romney and Congress will be forced to drop that plan but the 20% rate reduction will remain, reducing revenues significantly. Our budget deficit and our national debt will rise as a result of reduced tax revenues.
Mr. Romney will repeal the Affordable Care Act, doing away with the law that is already helping tens of millions of American who have pre-existing conditions or simply can’t afford health insurance. His proposal makes drastic cuts in Medicaid. This would deny essential health care to millions more Americans including the elderly who need long term care. Romney’s view that these people can get medical care in the emergency room is not the solution. What was your last ER visit like? And an ER visit by an uninsured person is paid for by higher rates for those who do buy insurance. This type of health care puts an additional burden on every person who has health care coverage.
And Romney says PBS will not be federally funded when he is president. He will get rid of Big Bird! Ninety percent of U.S. homes view PBS. Each day 80 percent of all children between ages of 2 – 8 tune into PBS according to the New York Times. PBS is a national treasure. PBS news gives viewers a chance to hear both sides of issues, unlike the partisan programs too often masquerading as news. And PBS includes high quality nature, music, and educational programs. And finally, eliminating funding for PBS provides an insignificant savings in the national budget. Romney will have to do better, a lot better.
Some believe that a president who is an experienced businessman will promote recovery of our economy. But businessman Romney insisted the government should let GM and Chrysler go bankrupt when they struggled during the 2007-8 Great Recession. That reflects the ruthless attitude of a successful business leader. President Obama leads our nation, not just our businesses. His extraordinary effort to pump federal funds into the auto industry and save up to one million jobs worked beautifully and today our auto manufacturers are alive and well and have paid back the Federal loan. We need a president with that kind of vision.