MUST READ IF YOU TRADE STOCKS AND ARE VOTING IN THIS YEARS ELECTION AND MISSED THE DEBATE TUESDAY
Republican presidential nominee Mitt Romney sharpened an already intense focus on the middle class in Tuesday's debate by upping the ante to attract this key voting block.
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In his faceoff with President Barack Obama, Mr. Romney reiterated his vow to lower taxes for those in the middle-income category in part by freeing them from investment levies. “Your rate comes down, and the burden also comes down on you for one more reason, and that is every middle-income taxpayer no longer will pay any tax on interest, dividends, or capital gains; no tax on your savings,” Mr. Romney said.
This is a key part of Mr. Romney's effort to boost a group that he said has been “buried” during Mr. Obama's tenure. Mr. Romney loves to riff on the “buried” description, which he's using incessantly after it was uttered recently by Vice President Joe Biden.
Getting rid of investment taxes “makes life a lot easier,” Mr. Romney said. “If you're getting interest from a bank, if you're getting a statement from a mutual fund, or any other kind of investments you have, you don't have to worry about filing taxes on that because there will be no taxes for anybody making $200,000 a year and less on your interest, dividends and capital gains.”
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