David Brody

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Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan


The Brody File has uncovered a piece of videotape from a 1994 senatorial debate where Mitt Romney says he is against the Republican Party’s effort to lower the federal capital gains tax.

Watch the video here. The transcription is below.

QUESTIONER: If I may follow up, are there particular specific issues that you have differences with the Republican Party platform? And if so, could you elaborate on them for us here?

ROMNEY: Well, for instance, on the crime bill. I supported the crime bill that was in the Senate...when it came time to vote for it in the final bill in the Senate, there were some Republicans that didn't want to go ahead, that wanted to fight for a filibuster. I disagreed with that. I thought it made sense to proceed with the crime bill. I said so.

Likewise, we're going to have some differences on some things like capital gains taxes. You're not going to see me standing up and fighting against capital gains taxes. Some things I'll agree with. But other things I'll disagree with.

To give you a little perspective, that year Republicans in Congress were trying to lower the federal tax on capital gains, which stood at 28 percent. While Romney was against the GOP position back then, today Romney IS fighting to lower capital gains taxes. What changed in his philosophy?

The Romney campaign wouldn’t respond to that direct question from The Brody File. Instead, Spokesman Ryan Williams gave us this statement:

As President, Mitt Romney will make the Bush capital gains tax rates permanent and eliminate the tax entirely for those making less than $200,000 annually. Gov. Romney believes that it's time to make a simpler and smarter tax code that will promote economic growth and help job creators put people back to work.”

Here is what The New York Times said in 1994 about Romney's comments on the capital gains tax.

Mr. Romney also sought to emphasize his independence from other Republicans. Questioned by a college student, he disavowed plans in House Republican candidates' "Contract With America" that would cut money available for student loans. "I'm not going to Washington to toe the line" and back all Republican positions, he said.

In a demonstration of that independence, Mr. Romney shifted on one issue tonight, saying he now opposed longstanding Republican proposals to reduce the federal tax on capital gains.

The Brody File has been pouring through past videotapes of both President Obama and Mitt Romney to gain understanding of their past positions and how they operate. The reason Romney doesn’t have the complete trust of the base is because of past statements like this.

It’s not that Republicans think he’ll reverse course on reducing capital gains taxes. The larger question with Romney is the fact that nobody is really sure exactly what he’s going to do because he’s taken different positions on a myriad of issues through the years.

Compounding the problem is the fact that he keeps details to a minimum and plays everything so close to the vest. The base finds that unsettling, to say the least, but it’s not like they have a choice this fall.

If Romney wins the presidency, they’ll be a lot of Republicans crossing their fingers come Inauguration Day.

Print     Email to a Friend    posted on Sunday, July 29, 2012 11:01 PM



Comments on this post

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Thank for your courage to look at these candidtes. Everyone should be. Your right we dont have alot of choices now. But Mr Romney isnt anymore transparent than Barak Obama maybe less so.Other candidate gave dtails of what they would do. Newt probaly the most. But here we have this guy as our only choice.Many people are saying this. Many Christians will not vote for him because he is a Morman I honestly dont know enough abt the morman faith to be against it. I've heard leading ministers say they dont know about it. Why does no one know what they believe I've heard some very weird things but not from them 123 heres what we beleive. this bothers me He's expecting to be president of our nation! when the day comes and we're looking at the balet w/these two "choices"we'll have to vote aganst obama he's shown us enough to know that. But it would be good to know who we're voting for! Instead of asking whos going to win.Ask GOD who do u want!Raise up a rightous leader.If you have faith.........
Left by kelly on Jul 30, 2012 12:23 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

The Brody File has been pouring through past videotapes of both President Obama and Mitt Romney to gain understanding of their past positions and how they operate.

David, it's "poring", not "pouring".
Left by Frizzy on Jul 30, 2012 4:51 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Seriously David? You are reporting on 1 flip flop Mitt Witt did? Really? Why not pick a good one when he voewd to run to the left of Ted Kennedy on gay rights?
Left by Hoor-Par-Kraat on Jul 30, 2012 4:52 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Jesus saves from the american dream, let cesar have whats his...
Left by jonguz on Jul 30, 2012 4:57 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Even I have changed positions on issues the past 18 years. Why should a person be held to a statement, they doubtfully remember making 18 years ago?
Left by bygrace on Jul 30, 2012 5:33 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Romney is still a lot better than Obama on the economy, Israel and much more.
Left by Praise on Jul 30, 2012 6:29 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

What's hidden in the dark will be brought to light. Thank you for your outstanding effort to inform America of political candidate that has a hidden agenda unworthy of the American vote for justice for all.
Left by Rugged Faith on Jul 30, 2012 11:30 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

Kelly - put me in the Christians that won't vote for Romney because he is a Mormon group (he isn't a conservative either). You are absolutely right that most Christians have no idea whatsoever what this cult believes. It is truly scary.

No one who has any idea what they believe can vote for this man and call themselves a Christian. They won't fool God. Am I the only person who thinks this might be a test? Just saying-
Left by Michael on Jul 31, 2012 2:05 PM

# RE: Brody File Uncovers Video from 1994: Romney Was Against Republican Capital Gains Tax Plan

I agree to pray and then vote. If Newt Gingrich is still on the Nov. Ballot, he is a Christian that has openly stated to follow the Will and Word of God. Just maybe....
Left by Rugged Faith on Jul 31, 2012 5:48 PM