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:
RMoney is lying about the impact of his tax plan. That's already been proven. I don't doubt that he wants to lower the tax rates and maintain equal revenue by eliminating deductions and loopholes. I don't see what Obama has to gain by lying about keeping the Bush tax cuts for everyone earning under $250,000/year. Why would he lie? RMoney is lying in order to get elected (duh!). He wants taxpayers to think they're going to pay less taxes under him, even though they'll pay the same taxes or even more, depending on whether they own a home or not.
- Quotes of the day Allahpundit 2 hours ago
- Media Matters not super-keen on SEIU unionizing its employees Mary Katharine Ham 3 hours ago
- Video: How removing one regulation created hundreds of jobs in Mississippi Mary Katharine Ham 4 hours ago
- The EPA confirms: GHG emissions are down, largely thanks to… Erika Johnsen 4 hours ago
- CBO: Uhm, about Obama’s FY2015 budget proposal… it’s way more expensive than the White House claimed Erika Johnsen 5 hours ago
- Jay Carney: The toughest interview Obama had in 2012 was with … Jon Stewart Allahpundit 6 hours ago