Sunday, October 28, 2012

Joplin Globe in endorsing Romney: Why should the rich have to pay one cent more?

The Joplin Globe Editorial Board endorsed Mitt Romney for president, reversing its position from four years ago.

While I am certain that the Globe board genuinely considers Romney to be the top candidate, I am just as certain that its members remember the firestorm that erupted four years ago when the newspaper endorsed Barack Obama over John McCain.

The newspaper came down firmly on the side of not raising taxes for those in the top two percent who have continued to prosper as the rest of the country has struggled:

Obama believes taxes should be raised on the wealthy, and he would then use the tax code to provide more incentives to certain industries, such as manufacturing, to get the economy moving. Again, targeted, short-term solutions.
It’s true that the nation’s wealthiest 2 percent — individuals making more than $200,000 and couples making more than $250,000 — can pay more, but why should they? We don’t think any American should have to pay 40 percent of his income in federal taxes — not to mention the good amount that’s also spent on local, state and federal taxes — regardless of what that person makes.

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