January 27, 2008

Romney, McCain, Giuliani are Flashing Lights on Fiscal Highway

With Mike Huckabee down and Fred Thompson out in Florida, Tuesday’s Sunshine State primary promises a three-way brawl among Rudolph Giuliani, John McCain and Mitt Romney. Voters there, and beyond, should regard these three candidates like lamps in a traffic signal.

– Romney is the red light. The former Massachusetts governor’s tax-and-spend record should stop Republican voters in their tracks. Romney presents himself as a corporate super-mechanic who can lift the hood and make a stalled sedan NASCAR-ready. Too bad Romney left his state in the repair bay after four years of parts and labor.

Rather than reinvigorate Massachusetts with broad-based tax relief — as did his Republican gubernatorial predecessors, William Weld and Paul Cellucci — Romney launched a tax-hike binge reminiscent of Daddy Bush’s 1990 “read my lips” raid on America’s wallets.

Romney enacted 126 brand-new or increased fees, having requested 70, totaling $473 million. Thus, Massachusetts residents pay more for marriage licenses, gun registrations, blindness certificates, home-deed registries, power-meter inspections and even milk-dealer permits. Romney also signed 19 tax increases worth $519 million. Romney taxed gasoline, corporate trusts, nonprofit organizations, online software, sales catalogs, securities companies and more.

Romney also saddled Massachusetts with a government-run health-insurance scheme. Those who have ignored its individual-coverage mandate now face $219 in tax penalties, which could soar this year to $912. The Pacific Research Institute’s Sally Pipes calculates that RomneyCare cost taxpayers $619 million in 2007 — 31 percent above projections.

All this bought economic stasis. Manufacturing employment fell 14 percent under Romney, twice the national figure, ranking Massachusetts 48th among the states. As Romney left office, 124,100 fewer employees were working, versus February 2001, before Massachusetts entered recession. As Romney spokesman Eric Fehrnstrom has admitted: “Did we recover all the jobs that were lost? No.”

– This race’s yellow light is McCain. Call him “Bob Dole 2.0″ — a beloved war hero and veteran Beltway insider with an uneven tax record. The Arizona senator voted to extend President Bush’s tax cuts and now wants them permanent. Yet, he rejected them in 2001 and 2003. According to Senate records, McCain cast 52 substantive and procedural votes for higher taxes. He backed Internet-access taxes, the “death tax,” a surtax on incomes above $1 million and $755.67 billion in tobacco taxes. He also spurned lower taxes on incomes and capital gains, and repeatedly voted to delay and shrivel other tax cuts.

On spending, however, McCain is delightfully parsimonious. He fought 2003’s $558 billion Medicare drug entitlement and is one of Congress’ loudest voices against extravagant, idiotic federal boondoggles.

– The green light is Giuliani. New York’s former mayor is a stalwart fiscal conservative who recently proposed America’s largest tax cut — ever.

As mayor, Giuliani pitched 64 tax cuts, and then charmed, scared or otherwise persuaded an overwhelmingly Democratic City Council to enact 23 of them totaling $9.8 billion. The top tax rate dropped 20.6 percent (vs. Romney’s 0 percent reduction). Also, the overall tax burden (tax revenue’s share of personal income) fell 17.1 percent under Giuliani, while it rose 10.8 percent under Romney.

On Giuliani’s watch, real, per-capita spending declined 0.9 percent. He shrank Gotham’s government and produced a $2.9 billion budget surplus, largely through spending reductions and higher revenues generated by accelerated economic growth that his tax cuts triggered.

Likewise, Giuliani unleashed an employment machine. He helped private-sector payrolls soar 15.2 percent (vs. Romney’s 0.5 percent) — great news for 411,600 job seekers. Moving 58 percent of public-assistance recipients from welfare to work also benefited taxpayers. More important, this strengthened the character of the 643,348 people who underwent this transformation.

Giuliani’s proposed optional, one-page tax return collapses today’s six rates (up to 35 percent) into three: 10 percent, 15 percent and 30 percent. This significantly would lower everyone’s taxes. A family of four earning $80,000 would enjoy a 24 percent tax cut of $2,207. Single Americans making $35,000 would save 13 percent on their taxes.

Giuliani also would index and eventually excise the alternative minimum tax and electrify the economy by chopping corporate taxes from 35 percent to 25 percent, and capital gains taxes from 15 percent to 10 percent.

How swiftly will America travel the road ahead? GOP voters will help decide — by lighting that path red, yellow or green.

___________________________________________________________________________________

New York commentator Deroy Murdock is a columnist with the Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.

by @ 7:59 pm. Filed under Deroy Murdock, John McCain, Mitt Romney, Rudy Giuliani
Trackback URL for this post:
http://race42008.com/2008/01/27/romney-mccain-giuliani-are-flashing-lights-on-fiscal-highway/trackback/

53 Responses to “Romney, McCain, Giuliani are Flashing Lights on Fiscal Highway”

  1. Jason Bonham Says:

    Let me some this up.

    1. Deroy hates Romney
    2. Guiliani’s done
    3. After FL, Deroy will be a McCain supporter.

  2. Matthew E. Miller Says:

    Wait…are you saying Deroy Murdock doesn’t like Romney? Shocka.

  3. Randy Says:

    I hope this is Derudy’s swan song here.

  4. A.J. Sparxx Says:

    This guy sounds like a Giuliani lackey, or am I wrong ? :)

  5. Jason Bonham Says:

    Mathew,

    Never.

  6. Swint Says:

    Murdock is a Giuliani shill, he tries to act like he is an impartial observer when on the news or writing an article. What a sham.

  7. BarkTwiggs Says:

    Deroy has always lacked understanding of several things. Among them is the costs of goods and services and another is inflation. Those two things explain the fee increases.

    I suppose in Deroy’s perfect world we would have every place would have low fees and lots of debt to subsidize it. What was New York City’s debt before and after Giuliani?

  8. RayinNH Says:

    I will be glad when Deroy is no longer “contributing” to this site.

    I’ll take Jason’s summary as the only summary I need of this article since I didn’t feel like wasting 5 minutes of my Sunday night reading the trash.

  9. LJ Says:

    Deroy is Giuliani’s Hugh Hewitt.

  10. RayinNH Says:

    LJ,
    True, but we don’t see any of Hewitt’s blog/articles posted here as front page worthy material.

  11. QuacknHack Says:

    Huckabee is the dim bulb?

    Huckabee is burned out?

    Can anyone do better?

  12. Illinoisguy Says:

    Yes, what a wasted posting.

  13. Illinoisguy Says:

    firecracker fizzle?

  14. LJ Says:

    Ray,

    Good point.

  15. Ohio Repub Says:

    Yawn, if I hadn’t heard the Romney tax spin 800 times this might be interesting. In other news, McCain’s still a liar, and Romney is about to win Florida…

  16. Axel G. (independent) Says:

    Regardless of the messenger the record is what needs explaining. I look forward to this race being narrowed so that the debates can focus on more substance, at which time we can better explore these records.

  17. JB Says:

    I’d love to see this Hack’s face when Rudy loses big on Tuesday.

  18. JB Says:

    Better yet, when Romney wins Tuesday. Poor Deroy.

  19. TarheelRepublican Says:

    Jason is there a press conf going on tonight?

  20. Erik Says:

    Deroy is a loser that hates Romney…what’s new?

  21. www.act-blog.co.nr Says:

    Giuliani left New York sinking in debt.
    McCain opposed the tax cuts that revived the economy.
    Romney supported tax cuts and balanced the state budget.

    Does it really take a genius to see who the real fiscal conservative is?

  22. Jason Bonham Says:

    Tarheel,

    the lady who told me about said she hasn’t heard anything. Perhaps it was a rumorville version of the Nashville one I posted earlier?

  23. davew Says:

    act blog….do your hw big guy.

    giuliani balanced 8 budgets, but a little thing called 9/11 kind put the last year in shambles. you CAN’T be serious in your analysis. if you were, you would come to the conclusion that rudy is every bit as fiscally conservative as mitt (who i might add saw unemplyment RISE during his term)

  24. Arkansas Says:

    I guess Deroy thinks that the thing romney should have done was use his own money to balance the budget. His options with an 80 percent democrat legislature to work with on balancing the budget were slim to none. He couldn’t cut many programs because of the dems. He wouldn”t raise taxes because of the promises he made. He restructured several departments to make them cost effective and he raised fees that had not been raised in many, many years so that they would match up with inflation. Of course I guess that instead of that he could have turned over his own money, but since Romney probably believes that it was better in the long run to help MA learn to live within a balanced budget that would have been a bad choice. But let deroy go one thinking ‘Romney is evil’ most of us don’t believe it and now we know deroy is a fool.

  25. ajay Says:

    On #21. Except Romney raised taxes and spending and passed a health care mandate - so much for freedom.

  26. Greg Says:

    Well, Deroy once agains flied in the face of all other pundits who recognize that Romney is a fiscal powerhouse. Deroy takes such weird positions. I really do not find him credible whatsoever.

  27. www.act-blog.co.nr Says:

    “and passed a health care mandate”

    ..that is no different from an auto-insurace madate, and is much better than the socialist-style care the Democrats would have put in place.

  28. cwpete Says:

    “– Romney is the red light. The former Massachusetts governor’s tax-and-spend record should stop Republican voters in their tracks.”

    Woah, I’ll have some of what Deroy’s been smoking.. Is there anyone here that can differentiate between taxes and fees? Come on people, in case you can’t then allow me: Taxes apply to all people, fees apply only to those who request a service. Besides, Romney’s fee increases only account for about 10% of the budget deficit he closed. Some of these fees were instituted by the governor before him and implemented during his term.

  29. cwpete Says:

    Since many are just starting to follow the race, many Romney detractors have resorted to their old bag of tricks again. Things things have been thoroughly rebutted and put down time & time again. Here are some facts regarding Romney’s record:

    Governor Romney’s Record Of Fiscal Discipline:

    Governor Romney Has A Strong Record Of Fiscal Discipline. Without raising taxes or increasing debt, Governor Romney closed a $3 billion budget deficit his first year in office with a heavily Democrat legislature. Each year, Governor Romney filed a balanced budget without raising taxes. By eliminating waste, streamlining government, and enacting comprehensive economic reforms to help spur growth, Governor Romney helped the state achieve a surplus totaling nearly $1 billion in 2005.

    In The Four Budgets He Signed Into Law, Governor Romney Used The Line-Item Veto Or Program Reduction Power In An Attempt To Cut Spending By Nearly $1 Billion. (Office Of Governor Mitt Romney, “Romney Signs No New Tax Budget In Time For New Fiscal Year,� Press Release, 6/30/2003; Office Of Governor Mitt Romney, “Governor Mitt Romney Signs $22.402B Fiscal Year 2005 ‘No New Tax’ Budget,� Press Release, 6/25/2004; Office Of Governor Mitt Romney, “Governor Mitt Romney Signs Into Law $23.8 Billion Budget For Fiscal Year ‘06,� Press Release, 6/30/2005; Office Of Governor Mitt Romney, “Governor Mitt Romney Signs $25.2 Billion Fiscal Year 2007 State Budget,� Press Release, 7/8/2006)

    - By 2006, Spending In The Governor’s Office Had Dropped From $5.6 Million In 2002 To $4.6 Million. “Spending in the Governor’s Office has dropped from $5.6 million in FY02 to $4.6 million in FY06. Spending is anticipated to drop again in the current fiscal year.� (Office Of The Governor, “Romney Transfers Funds From Governor’s Office To Pay Military Benefit,� Press Release, 11/3/06)

    Hardly a “red light” in my book.

  30. random Says:

    Is this a joke?

  31. Big S Says:

    ..that is no different from an auto-insurace madate, and is much better than the socialist-style care the Democrats would have put in place.

    It’s very different from an auto insurance mandate. See, those of us without cars don’t pay auto insurance. If you can’t see the difference, I honestly don’t know what to say.

  32. husky Says:

    Deroy’s a joke…

    I can see by Rudys poll numbers that his hit pieces on Romney havent seen to help his guy any. This one wont either.

  33. Tier Says:

    Wow Deroy….I started reading this and all I saw was BLah blah blah. Traffic lights?! :)

  34. PoliticalJunkie Says:

    Jason Bonham,

    You mentioned earlier that there would be a big press release tonight about Romney’s fundraising in Florida?. Where is is?

  35. PoliticalJunkie Says:

    Jason Bonham,

    You mentioned earlier that there would be a big press release tonight about Romney’s fundraising
    What is it?

  36. cwpete Says:

    “It’s very different from an auto insurance mandate. See, those of us without cars don’t pay auto insurance. If you can’t see the difference, I honestly don’t know what to say.”

    I don’t know, you can still end up in the emergency room and by law, hospitals are required to tend to whatever medical needs you have with or without insurance, which forces me to pay for it if you are not insured.

    Regardless of your choices or if you drive or not, you are still a medical liability to me, the tax payer if you are not insured. If a person does not drive then that person should not be forced to pay auto insurance - true. If is not alive, then that person should not be forced to pay medical insurance.

  37. Patrick Says:

    21,

    Oh, and I suppose Massachusetts is doing great right now, right? Romney left Mass. a mess.

  38. WiseGuy Says:

    Huck will likely finish above Rudy, count on it!

  39. econ grad stud Says:

    Deroy, you’re wasting credibility by being a deceptive Rudy shill instead of an honest Rudy-supporting commentator.

    I think this type of writing is likely to decrease your earning potential, especially if it becomes a habit.

  40. grandma T Says:

    I would love a health care mandate, especially if the cost of insurance went down and was more affordable.

  41. bethtopaz Says:

    I don’t even read this guy’s posts. Who is he, anyway? Worthless.

  42. Jared Says:

    Off Topic:

    For those of you who are LDS, I just found out that President Hinckley just passed away about an hour ago. He was a great man, and he will be sorely missed. Just thought you would like to know.

  43. marK Says:

    Good ol’ Deroy. He flies in here, drops his bombs, and then flies off never looking back. I can’t recall a single time he has posted any sort of response to any feedback whatsoever.

  44. Caroline Says:

    Is the Romney family attending his funeral?

  45. vb Says:

    What a good man, Pres. Hinckley. We will miss him.

  46. Caroline Says:

    Some guy on here earlier asked about TN polls.
    I found a good site but my comment sometimes goes through
    and other times it does not.
    Anyway, I tried to put the url up.
    It could have been another post on here, but anyway I will
    post it here in case anyone wants it.

    http://www.usaelectionpolls.com/2008/articles/republican-polls-fl-ca-az-il-mo-tn-012608005.html

  47. John Galt Says:

    uh, there is no ‘three way race’ in florida. thre is a two way race.

  48. Tier Says:

    Patrick, Patrick, Patrick,
    Romney did an good job in Mass. The mess is created by those far lefties that control the state.

  49. Caroline Says:

    Those lefties are all in a tailspin now as every Kennedy is
    endorsing someone different !
    Now Bobby Jr and Kathleen K. Townsend are endorsing Hillary.

  50. John Galt Says:

    where has william reston and his, shall we say, interesting posts been?

  51. Dan Says:

    Well the Romney people sure seem to be enjoying themselves. I hope they enjoy it because it will be a different story when Obama destroys Romney by 15% come November.

  52. Sean Says:

    The problem with Murdock’s articles is, that if you do some actual research and look at numbers and trends, the only conclusion you can come to is that he is a total moron or a total hack. Or both. God give us actual journalists who know what the hell they are writing about and do it with some measure of objectivity and honesty.

  53. Brown Says:

    After tomorrow’s Florida vote Deroy Murdock will have to find a new career since his hero-worship of Rudy will no longer pay the bills.

GOP Nominee



Former Candidates

































Recent Posts

Biographies

Categories

Archives

Featured Archives


Race 4 2008 Interviews

Search

Blogroll

Newswire

Get this widget!

Facebook


Join Race 4 2008 on Facebook

Site Syndication

RightRoots

Main

Meta Data

Design and Hosting By