Romney Cites Bowles Simpson Tax Reform — That Raised Taxes

In an odd moment, Mitt Romney suggested he would use the Bowles-Simpson deficit commission’s report as a model for tax reform. “We need to go back to that, get our rates down, and get a pro-growth tax policy in this country,” he said. But oddly enough, the report suggested raising tax revenue overall — close to $1 trillion from 2012 to 2020 — in order to reduce the deficit. Romney has insisted he opposes tax increases of all kinds, so it’s likely his proposal is a ways off from the report.