The Massachusetts Taxpayers Foundation estimated that new fees and loophole closures raised $750 million per year between 2003 and 2007. Romney did not approve any formal tax increases, contrary to Obama’s suggestion, though his critics argue there is little difference between fee hikes and taxes.
Romney “put on the table in his inaugural address, and then in his budget, a series of proposed reforms like civil service reform, pension reform — going right to the heart of the lion’s den,” Michael Widmer, president of the nonpartisan Massachusetts Taxpayers Foundation, told The New York Times last week. But with the exception of health care, “he never followed up.
But Michael Widmer, president of the Massachusetts Taxpayers Foundation and a critic of the film tax credits, said the state wasn’t exactly swimming in extra cash. He noted that Romney made $425 million in emergency budget cuts in November 2006, a year after enacting the film tax credit program.
“The point that Romney is making is that public television needs to be cut in order to help balance the budget is similar to the dynamic at the state level,” Widmer said. “Their own actions show that we didn’t have the resources to do this without cutting spending elsewhere.”