One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families. Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans. Romney flatly rejected the claim by calling it false, then explained what he actually has in mind. But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger. FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....
In response to:
You are so sad. OK, so RMoney is getting rid of those taxes. Where is the revenue going to come from, to replace the revenue those taxes create? I thought his tax plan was "revenue neutral"? My children understand more about taxes than you people. All you hear are lower taxes. The "footnote" about fewer deductions and closed loopholes doesn't seem to register, and maybe that's because your doublewide is already paid for, and you don't have any mortgage interest to deduct, reducing your effective tax rate substantially. RMoney's latest tax plan, as he announced it during the debate, is not possible mathematically, and it hits different people differently, for the reasons I have explained about seventeen times now, to no avail.
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