ROMNEY’S PLAN: Candidate Talks Tax Plan

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“I believe it makes all the sense in the world to help industries get on their feet with subsidies and support while they're getting started,” said Mitt Romney in an interview with Channel 13’s Dave Price.

But the presidential hopeful says it's time for wind to survive on its own, much like the ethanol industry now has to do.

The country is $16 trillion in debt and there's not money for everything.

President Obama wants to keep the billion dollars-a-year credit for wind.  But he would end $40 billion in subsidies for oil companies over the next decade.

Oil has received taxpayer help for generations.

Romney said, “Ultimately, I think all these energy sources have to be on a level playing field and be able to make it on their own.”

Dave asked, “So to be clear then, does the oil have to wean its way off that too, is that what you're saying or is that different?”

Romney replied, “I'm saying everything is going to be on the table. And I believe everybody is going to get the same tax deal or there'll be no tax deal whatsoever for various energy sources. But they're all going to be treated the same.”

President Obama uses former President Clinton in a new ad in the battle for the middle class.

Four years ago, Obama campaigned against extending tax cuts for wealthier people then later extended them.  He opposes them again now.

Romney supports them.

Dave asked Romney to make an argument why wealthier Americans need a tax cut.

He responded, “They don't.”

Dave asked, “But won't they get bigger tax cuts under your ideas?”

“Of course not,” said Romney, “I've indicated very clearly that the key elements of my tax plan are high income Americans will continue to pay the same share of the taxes collected by the government they pay today."

Obama's campaign claims Romney’s plan to lower tax rates, especially for the rich, will force him to raise middle class taxes at least $2,000-a-year to make up for the government's lost revenue.”

Romney says, “I'm not going to raise taxes on his high income folks or middle income folks, certainly not on poor people. We're not going to raise taxes on American people."

Romney adds if he figured his plan wrong and does raise taxes on someone, he'll fix it.

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