Former Gov. Mitt Romney boasted this week that when he led Massachusetts, he presided over an increase in the state’s bond rating, a contrast to President Barack Obama, who saw Standard & Poor’s downgrade U.S. debt.
But Mr. Romney had an advantage that Mr. Obama sorely wanted but could not get from Congress: tax increases and the closing of tax “loopholes.”
Documents obtained by The Wall Street Journal Wednesday through the Freedom of Information Act show the Romney administration’s pitch to S&P in late 2004 included the boast that “The Commonwealth acted decisively to address the fiscal crisis” that ensued after the terrorist attacks of 2001.
Full story: Romney’s pitch to S&P boasted of revenue raisers