Elizabeth Warren, Massachusetts Democratic senatorial candidate, is always worth listening to, whether the subject is the injustices of privatized health care, the dangers of deregulation or the necessity for progressive taxation. Speaking to Lawrence O’Donnell, Warren commented on the latter issue in regard to Mitt Romney. Watch:
O'Donnell: Do you understand the income category that Mitt Romney is in?
Warren: Actually, I think I do understand it, and that is that Mitt Romney pays 14 percent of his income in taxes and people who get out there and work for a living pay 25, 28, 30, 33 percent. I get it. Mitt Romney gets a better deal than any of the rest of us because he manages to earn his income in a way that has been specially protected for rich folks. I think that’s wrong.
Warren is referring to the minute tax Romney paid on capital gains income. Don’t expect Romney, should he become president, to end this economic injustice. He’s already indicated that he does not want to pay any more taxes than the pittance he already pays. In fact, his tax plan cuts his own taxes by nearly half.