Mitt Romney possible presidential campaign, 2016/Taxes
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Mitt Romney |
Republican presidential nominee (2012) Governor of Massachusetts (2003-2007) |
January 30, 2015 |
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2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- Mitt Romney's administration closed many tax loopholes. According to The New York Times, the administration "proposed bills that would collect $120 million in new corporate taxes for 2003, $90 million in 2004 and $170 million in 2005, records show. By the end of Mr. Romney’s term, the loophole measures required companies to pay about $370 million a year in additional taxes, a nearly 20 percent increase from the period before he took office, according to an analysis of government data by the Massachusetts Taxpayers Foundation, a nonprofit research group that receives financing from corporations."[1]
- During his tenure as governor, Romney "created tax credits for new manufacturing jobs, a faster-paced permitting system for businesses and a marketing program intended to lure companies to Massachusetts. He personally courted big companies like Bristol-Myers Squibb, putting together a package of tax incentives that persuaded the giant pharmaceutical company to open a manufacturing plant in Massachusetts rather than a rival state," according to The New York Times.[1]
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See also
Footnotes