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Romney Sounds Off on 'Buffett Tax'

Wednesday, 25 Jan 2012 | 7:06 PM ET

Mitt Romney, GOP presidential candidate, discusses the "Buffett" tax , saying, "the idea of a Buffett tax, that we are going to raise taxes on capital gains, would only make it harder for middle-income Americans to find good jobs and get higher incomes. We want saving and investment to be given a break, because it is taxed already at the corporate level, as you (Kudlow) point out, already at a 45% combined rate, you want to raise that higher? You'll just choke off the growth of America's economy."