John Hickenlooper on Tax Reform

$5 trillion of tax cuts to the wealthy is not the answer

A: When you look at the mess that President Obama inherited--losing 800,000 jobs a month--in the first few months of his presidency, he's turned that around. He's got 32 straight months of job creation, 5.2 million jobs, the national export initiative in the first two years, exports were up 38%. I think people are going to hear that and I think they are also going to recognize that Governor Romney's plan of adding $2 trillion to military spending and at the same time promising $5 trillion of tax cuts largely skewed to the wealthier parts of the population without any specifics, right? I mean, what are those deductions and tax credits he's going to get rid of? Are we going to lose the home mortgage deduction? Are we going to lose the deduction from giving to philanthropic organizations like churches that are in many cases our best partners at fighting poverty?