Critics say Mitt Romney’s tax plan unfairly favors the wealthy, but the presidential candidate says that understanding of it is inaccurate since he has yet to release all the details.
Romney told CNBC on Wednesday that his plan is a “series of principles that allow our economy to grow and at the same time maintain a neutral budget impact.”
Last month, Romney
publicized a tax plan that he said would be “simpler, flatter and fairer.” It would limit deductions for the wealthy and make sure they pay their fair share, he said. Yet, some analysts have said his plan would add more than $3 trillion to the federal deficit and decrease overall taxes for the wealthiest households.
Romney said it was “interesting” that groups have tried to score it, since he has yet to say how he would deal with each tax deduction. In addition, he said he will not place a larger share of the tax burden on middle-income tax payers.