Romney’s appearance at the fair’s soapbox grew unusually testy when a few angry people heckled the Republican presidential candidate over his declaration not to raise taxes. They urged the campaign front-runner to increase taxes on the wealthy to help fund such entitlement programs as Social Security and Medicare.
Romney explained that one way to fulfill promises on entitlement programs is to “raise taxes on people,” but before he could articulate his position on not raising taxes, someone interrupted.
“Corporations!” a protester shouted, apparently urging Romney to raise taxes on corporations that have benefited from loopholes in the tax code. “Corporations!”
“Corporations are people, my friend,” Romney said...
Mitt Romney says ‘corporations are people’ at Iowa State Fair
August 11, 2011