Bottom line Quote by Mitt Romney
“There are all these studies out there. But let's get at the bottom line. That is, I want to bring down rates. I want to bring the rates down, at the same time lower deductions and exemptions and credits and so forth, so we keep getting the revenue we need. And you'd think, well, then why lower the rates?”
About This Quote
Source Speech: 2012 Republican National Convention, 2012
The speaker argues for lowering tax rates while also reducing deductions and credits to maintain revenue.
In simple terms: Lower rates, keep revenue by cutting loopholes.
Key Takeaway
Balance tax cuts with revenue needs.
Themes
tax policy
fiscal responsibility
government revenue
tax reform
economic growth
Mood
analytical
critical
Type
policy
economic
When to use this quote
- legislative proposals
- budget planning
- public finance
- policy debate
Key Concepts
progressive taxation
tax base broadening
budget neutrality
Questions to Reflect On
- How can revenue be sustained without harming equity?
- What alternatives exist to tax cuts for revenue?
A Different Perspective
Reducing deductions may disproportionately affect low‑income taxpayers.
