Romney Urges Tax Hikes on Rich to Save Social Security
Update: 2025-12-22
Description
Mitt Romney, the former Utah senator and Republican presidential nominee, has shifted his stance on taxes, advocating for higher levies on the wealthy to address the national debt and save Social Security. He warns of an economic cliff if the debt isnt tackled, with Social Securitys trust fund potentially insolvent by 2034. Romney proposes a bipartisan solution, including tax hikes and spending cuts, and targets loopholes for the ultra-wealthy. Despite criticism, his call underscores the urgency of the debt crisis.
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