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Romney breaks with GOP orthodoxy, says 'rich people like me' should pay more taxes to fix debt

close Video GOP divided over raising tax rates for wealthy Fox News senior congressional correspondent Chad Pergram reports on Republican Party divide over potential tax hikes on ‘Special Report.’ NEWYou can now listen to Fox News articles! Former Sen. Mitt Romney, R-Utah, says wealthy Americans should pay higher taxes in a hot-off-the-press New York Times essay.

Romney breaks with GOP orthodoxy, says 'rich people like me' should pay more taxes to fix debt

Credit: Foxnews

Key Highlights

  • "Typically, Democrats insist on higher taxes, and Republicans insist on lower spending.
  • But given the magnitude of our national debt as well as the proximity of the cliff, both are necessary," Romney wrote in the essay, published Friday.
  • "DOGE took a slash-and-burn approach to budget cutting and failed spectacularly.
  • Europe demonstrates that exorbitant taxes without spending restraint crushes economic vitality and thus speeds how fast the cliff arrives," he wrote.
  • JOY REID WARNS THAT REPUBLICANS WANT 'NO INCOME TAX' AND PEOPLE TO EARN 'AS MUCH MONEY AS THEY WANT'  Former senator Mitt Romney, R-Utah, says wealthy Americans should pay higher taxes in a hot-off-the-press New York Times essay.
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Sources

  1. Romney breaks with GOP orthodoxy, says 'rich people like me' should pay more taxes to fix debt

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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