Romney Defends Raising Retirement Age To Protect Corporate Tax Breaks: ‘Corporations Are People, My Friend’

By Ian Millhiser/Think Progress


Former Massachusetts Gov. Mitt Romney (R) just completed a damaging campaign stop in Iowa where audience members responded angrily to his plans, and Romney frequently responded belligerently to their anger. In one of the most contentious exchanges, Romney defended his belief that we “should consider a higher retirement age” for Social Security and Medicare to preserve tax breaks for corporations:

ROMNEY: There’s various ways of [preserving Social Security and Medicare’s solvency]. One is we could raise taxes on people. That’s not the way . . .

AUDIENCE: Corporations! Corporations!

ROMNEY: Corporations are people, my friend.

AUDIENCE: No they’re not.

ROMNEY: Of course they are. Everything corporations earn ultimately goes to people. Where do you think it goes?

AUDIENCE: It goes into your pocket!

ROMNEY: Whose pockets? Whose pockets? People’s pockets. Human beings, my friend.

Watch it:

Romney’s antagonists are right that corporate money flows right into Romney’s pockets. Indeed, Romney has taken more money from corporate and other lobbyists than all the other GOP candidates put together, and this will likely only be the beginning for Romney if he becomes the GOP nominee.

Ever since the Supreme Court revealed that it shares Romney’s inability to distinguish between corporations and actual human beings, corporations have lined up to buy GOP victories in elections across the country. After Citizens United, conservative secret donors outspent progressives 8 to 1 in the 2010 election cycle.

So Romney has good reason to favor tax breaks for corporations over maintaining the current Medicare and Social Security retirement age — corporate America is doing a whole lot more to line his pockets than America’s seniors ever will.