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Cutter: Okay Fine, We've Been Lying About Romney's Tax Plan

John in Gwinnett,Ga Wrote: Oct 07, 2012 3:23 PM
It is speculating. I doubt it has ever seen a W-2 form from an employer. It claims a person making 100k a year writes off 25K a year from mortgage interest, but also pays 25% in taxes. Taxable income would be less than the 100K figure, so actually someone would be getting money back from the federal government in her scenario. This is what it is like in fantasyland

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....