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:
So Willard plans to offset the $5 trillion dollars in tax cuts by eliminating "loopholes" and "deductions." In other words the tax cuts cost $5 trillion dollars as Obama says. Thanks for clearing that up Guy. I also appreciate Romney informing me that he will address the specific "loopholes" and "deductions" he will eliminate next January. Shows real "leadership."
- Quotes of the day Allahpundit 7 hours ago
- On notice: Mitch McConnell is ready to “crush” the Tea Party Jazz Shaw 9 hours ago
- Noonan on latest ObamaCare delay: Is there even an ObamaCare law anymore? Erika Johnsen 10 hours ago
- Video: Gates sees defense cuts as showing a lack of seriousness by US Jazz Shaw 12 hours ago
- CPAC: Fred Thompson and Persecuted Ed Morrissey 13 hours ago
- WH: Hey, Obama golfing in Key Largo during this crisis is the same as if he were in DC, only warmer Jazz Shaw 15 hours ago