This is an opinion item.
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The Tampa Tribune editorial board
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| Source
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The Tampa Tribune
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| Date
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October 21, 2012
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| URL
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http://www2.tbo.com/news/opinion/2012/oct/21/2/vwopino1-mitt-romney-for-president-ar-538797/
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| Quote
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The contrast in their approaches is seen in the president's insistence on increasing tax rates for the rich so they will "pay their fair share." But the wealthy already pay most of the country's tax bills. The richest 10 percent pay 71 percent of federal income taxes. Any such tax increase would likely hurt small business owners, most of whom are hardly well off even if their incomes are higher than $200,000. The president's plan would also increase the tax on capital gains for those with higher incomes, which could discourage investments and knock the wind out of a recovering stock market, and thus damage the savings of retirees. Romney understands a reformed tax code, one that closes loopholes but lowers overall rates, would help businesses and consumers. A growing economy can generate more revenue, even with lower rates.
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This item argues for the position Romney should be elected on the topic United States presidential election, 2012.
This item argues against the position Obama should be elected on the topic United States presidential election, 2012.
