Romney Tries to Woo Small Business Owners with Eau de George W. Bush

<a href="http://georgewbush-whitehouse.archives.gov/news/releases/2009/01/images/20090117_d-0104-4-477v.jpg">White House Archives

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Judging by Tuesday night’s debate, the 2012 election is all about wining, dining, and seducing small business owners. At the town hall event, President Obama and Mitt Romney said the phrase “small business” a collective 21 times. But when it comes to promises to small business owners, Romney is like that prom date you rejected senior year. He’s showing up to your house again in a better suit, but trying to woo you with the same, sweaty cologne: Eau de George W. Bush. 

Romney has promised to permanently extend Bush’s 2001 and 2003 tax cuts for the rich, and the 2012 nominee’s rhetoric is strikingly similar to Bush’s. At a 2008 Small Business Summit, Bush told small business leaders:

“The last thing small business owners need is higher taxes. I believe strongly that to make sure this economy recovers and stays strong, there needs to be certainty in the tax code. And the best way for Congress to make sure there’s certainty is to make the tax relief we passed permanent.”

In last night’s debate, Romney echoed Bush’s words: “Why do I want to bring rates down and at the same time lower exemptions and deductions, particularly for people at the high end? Because if you bring rates down, it makes it easier for small business to keep more of their capital.” 

Like Bush, Romney is claiming these massive tax cuts can be offset, but hasn’t demonstrated how he will do it. 

“That’s the unspecified part of the plan,” says Joseph Rosenberg, research associate at the Urban Institute. “It’s hard to know how it will play out.” 

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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