Rep. Terri Sewell On Mitt Romney’s Tax Release: ‘Something Is Fundamentally Wrong’
On Tuesday, Rep. Terri Sewell (D-AL) and Rep. Allen West (R-FL) joined Soledad O’Brien on Starting Point to have a spot of breakfast and discuss the release of Mitt Romney’s tax returns.
“I believe that […] it should be about shared responsibility,” said Sewell. “I think that something is fundamentally wrong if a person of his great wealth is only paying 13.9 percent effective tax rate and most of Americans are paying 28, 30 percent and they make far less.” She’s looking forward, she added, to hearing what President Obama, has to say, if anything, about “shared responsibility” during tonight’s State of the Union address.
West, meanwhile, advocated for a flat tax:
We need to have a wholehearted reform of our tax code system, because the United States of America, since the 16th Amendment came about, we have a progressive tax code, which means based upon the amount that you are making on the income tax side the more that you are paying. But also, we have capital gains tax and dividends taxes which have less, tax codes, 13 percent, 15 percent. And that’s why I believe that immediately we go to a flat tax system across the board, somewhere between 13 to 16 percent. You can reduce the number of deductions that you have. And we can zero out capital gains and dividends tax. And I think we need to have reform for our corporate tax rate as well.
Watch the segment, via CNN:
Have a tip we should know? email@example.com