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Romney is correct that getting the economy going again is critical. More income, both at the corporate level and the personal level, increases tax receipts even without an increase in rates. Plus, fewer people on unemployment reduces the burden on social services (a little, but every bit helps).

Moving money from relatively unproductive but tax-sheltered investments (such as loans to California and Illinois) to relatively productive non-sheltered investments (such as building factories), tends to increase tax receipts AND create jobs AND improve the overall economy.
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