In response to:

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

Summers Wrote: Oct 06, 2012 10:46 PM
I understand the question, though. Deductions will be eliminated, but what deductions is Romney currently thinking of to present to Congress? My deductions for state taxes paid? Deductions make a difference. Our Tax Code needs replacing. I have as little trust in big business as I have in a communist. I have no trust whatsoever in the Democrats or the GOP. They are both corrupt now.

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. and CNN reviewed Obama's accusation, and found it wanting....