Mitt Romney decimated President Obama in the first presidential debate, paving the way for a victory in November. But Romney also won a larger victory by explaining in an understandable way the Republican economic philosophy.
Having grown up in a fairly liberal household in Belmont, Mass., I know how foreign that philosophy can sound. The idea that lowering tax rates will actually produce more tax revenue sounds like a fairy tale. Likewise, the idea that growing government to try to cure all ills is counterproductive sounds equally bizarre.
In contrast, the Democrats’ message is easy to understand and on the surface, more appealing: We will hand out more goodies to everyone.
Rarely do Republicans get a chance to lay out their philosophy to such a vast audience, an estimated 58 million on Wednesday night. And rarely are Republicans as gifted as Romney was at clearly and succinctly articulating why the Republican philosophy makes more sense than raising taxes so the government can spend more money.
Explaining why lowering tax rates actually brings in more tax revenue, Romney said, “Look, the revenue I get is by more people working, getting higher pay, paying more taxes. That’s how we get growth and how we balance the budget. But the idea of taxing people more, putting more people out of work — you’ll never get there. You’ll never balance the budget by raising taxes.”
At another point, Romney said he wants to lower tax rates, deductions, exemptions, and credits because “54 percent of America’s workers work in businesses that are taxed not at the corporate tax rate, but at the individual tax rate. And if we lower that rate, they will be able to hire more people. For me, this is about jobs. This is about getting jobs for the American people.”
Romney’s message on reducing government spending was equally clear and compelling.
Read more on Newsmax.com: 2012 Presidential Debate: Mitt Romney’s Larger Victory
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