Speaking to a town hall-style gathering at a Miami airport hotel, the former Massachusetts governor repeated the line he first said last month at the Iowa State Fair.
“I’ll communicate to the private sector, by the way, that we like you,” Romney said in response to a question about how to encourage banks to lend more money. “We like enterprise. I was in Iowa the other day, and people suggested that we just raise taxes on corporations.”
He went on: “I told them, corporations are people. … Raising taxes on corporations is raising taxes on people.”
While it’s true that corporations are owned by people, Romney intentionally ignores the basic purpose of corporations: to be a legal entities separate from human beings that own them, with different rights and responsibilities under the law. He also ignores the fact that many large corporations pay much less in taxes than actual human beings – GE, for instance, paid no federal income taxes in 2010.
Even if corporations were people, they’d be doing fairly well in today’s economy. Corporate profits have soared in the past year, even as more and more human beings are out of jobs and facing poverty.