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GOP2012: Republican debate, October 11th, 2011
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Fact Check: Romney Rejects Balanced Approach He Previously Supported

August 11, 2011 at 10:45 P.M.

At tonight's debate, Romney talked about the S&P credit rating upgrade that he obtained after meeting with S&P. In this meeting, Romney touted the revenue raisers that helped close the budget gap—a position he no longer holds. And tonight, Romney went even further and doubled down on pleasing the Tea Party base, rejecting a 10-1 spending compromise proposal, 10 spending cuts to 1 revenue raiser, making clear he wouldn’t ask special interests or the wealthiest for a dime in additional revenue and would instead force middle class families and seniors to bear the burden of deficit reduction.

 

ROMNEY SAID HE MET PERSONALLY WITH CREDIT RATINGS AGENCIES

Romney: "The President Really Ought To Personally Sit Down And Meet With S&P… I Did That When I was Governor; I Met With The Ratings Agencies And Talked About Our Future And Tried To Instill Confidence In Our Future." [TPM, 8/11/11]

 

REALITY: ROMNEY’S PRESENTATION TO S&P INCLUDED REVENUE RAISERS

Headline: "Romney’s Pitch to S&P Boasted of Revenue Raisers" [Wall Street Journal, 8/10/11]

Romney's Pitch To S&P To Improve Massachusetts's Credit Rating Was A Presentation Including Tax Increases, Fee Increases And Loophole Closures. [Wall Street Journal, 8/10/11]

Romney's Presentation To S&P To Raise The Massachusetts Credit Rating Prominently Cited A Controversial Set Of Tax Increases In The Summer Of 2002 Which Then Candidate Romney Had Opposed. [Politico, 8/10/11]

 

REALITY: MASS. STATE TREASURER CREDITED REVENUE INCREASES FOR CREDIT UPGRADE

Massachusetts State Treasurer On S&P Credit Upgrade: "We Have All Made Tough Choices On Revenue And Spending That Have Served The Citizens Of The Commonwealth Well." [Romney Press Release, 3/15/05]

 

REALITY: ROMNEY RAISED HUNDREDS OF MILLIONS IN TAXES

Romney Raised Fees As Governor; Romney Increased Fees By $400 Million And Raised Corporate Tax Revenue By $300 Million. [Boston Globe, 10/11/07]

Business Leaders Call Romney’s Corporate Tax Policy A Tax Increase. [Boston Globe, 10/24/05] 

 

REALITY: IN ROMNEY'S FIRST YEAR HE INCREASED FEES MORE THAN ANY GOVERNOR

National Conference of State Legislatures: Massachusetts Imposed More Fee Hikes Than Any Other State in the Nation In 2003. [Congress Daily, 8/28/03]

Massachusetts “Increased Hundreds of Fees” During Romney’s First Year In Office. [Boston Globe, 10/24/05]

Romney Proposed 90 New Fees Or Fee Hikes In His First Year As Governor Which Led The Nation At The Time [AP, 12/30/09]

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