Why the Outrage over Romney’s “Corporations are People” is Totally Misplaced
4:45 pm, August 11th | by Sylvie Krekow
As you’ve probably heard by now, Mitt Romney recently said “corporations are people, my friend” to a crowd of Iowans during a speech. In a video posted by the Huffington Post, the visibly riled up crowd gets even more rowdy when he makes this remark. Corporations, people!? People don’t like corporations, maybe? Or they don’t like it when they’re equated with them? Or they don’t like half-baked metaphors?
Condescending use of “my friend” aside, does Mitt Romney actually think of corporations in this warm and fuzzy kind of way? Uhh, well, if his past tax record is to be believed we’re going to go with… maybe not.
In a 2007 article from The Hill, Alexander Bolton points out that when he was governor, Romney proposed corporate tax increases that totaled $400 million.
And in a recent The Daily Beast, Jill Lawrence says analysts in Massachusetts said Romney was ”a chief executive who raised corporate taxes three years in a row and did little to stop his state’s manufacturing slide beyond continuing existing worker-training programs.”
Ouch. Sure he’s known to some as the quintessential businessman candidate — but he doesn’t seem to big on corporate tax breaks.
So why is he casting himself in such a pro-corporation light? Why would someone who’s repeatedly sealed off corporate tax loopholes suddenly start defending them? It’s a perplexing question, especially when one considers just how much his assertion ticked people off. What’s even stranger is that some of Romney’s high-profile GOP comrades (is “comrade” a bad word to use when referring to the right-wing?) have promoted similar corporate tax strategies.
Mike Huckabee’s policies resulted in a 3-percent tax bump for corporations during his tenure in Arkansas. And former Minnesota Governor Tim Pawlenty boosted taxes on corporations by $109 million — in a single year. Come on, Roms — it’s a Tea Partier’s world; it’s okay to screw with moguls!
Maybe this is an effort to cast himself in a Reaganomic light, lest the anti-populist masses work themselves into too frothy a lather over Romneycare.
Regardless, it sounds like some of the folks on our Power Grid would be less than pleased with Romney’s corporate tax records, despite his soundbite that they’re “people.”
And while folks seem mighty ticked that Romney is maybe-besties with corporate fat cats, the fact remains that he just isn’t.