Romney devoted most of his op-ed to tax proposals aimed at high earners. He reversed his longstanding opposition to raising the income cap on payroll taxes, which currently stands at $176,100.
Romney said the “unusual provision” makes sense if you’re talking about helping families keep the farms they’ve passed down for generations, “but it’s being used by billionaires to avoid capital gains taxes.”
“I believe in free enterprise, and I believe all Americans should be able to strive for financial success,” Romney concluded. “But we have reached a point where any mix of solutions to our nation’s economic problems is going to involve the wealthiest Americans contributing more.”
