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....
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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."
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