Mitt Romney is doubling down on the now-infamous rejection of a fiscal policy deal that would provide $1 in new taxes for every $10 in spending cuts.
During a Republican primary debate last August, all GOP candidates – including Romney – said they would reject a hypothetical proposal to trade $10 in spending cuts for $1 in tax increases.
“Government is big and getting larger and there are those who think, well the answer is just to take a little more from the American people,” Romney added.
Romney said that his plans would spur economic growth that brings in new revenues without raising rates.
“We can have lower rates, as I have proposed, that creates more growth and we can limit deductions and exemptions,” Romney said, and touted his plans to cut spending.
He also sought to defend himself against the Obama campaign’s criticisms that his economic plans are a sop to the very rich.
“One of the absolute requirements of any tax reform that I have in mind is that people on the high end . . . will still pay the same share of the tax burden that they are paying now. I am not looking for a tax cut for the very wealthiest. I am looking to bring tax rates down for everyone,” he said.