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Bill Clinton Explains What’s Missing in Mitt Romney’s Tax Math
President Clinton explains Mitt Romney’s $5 trillion tax cut and how middle class families with children will get an average tax increase of $2,000 to pay for $250,000 in tax cuts for multi-millionaires.
President Clinton tells the American people, “In the first debate, Governor Romney said that he wasn’t really going to cut taxes on upper income people—he only wanted to cut taxes for middle class people. That’s not true.”
Chicago is coming on strong, saying, “As Americans learned in the first presidential debate, Mitt Romney will say anything to close the deal, even if it’s not true, just like he did in the corporate boardroom. So in advance of tonight’s debate, President Clinton is taking a couple of minutes to explain how Romney’s $5 trillion tax cut – which Romney claimed didn’t exist in the last debate — gives multimillionaires like him a new $250,000 tax cut, even with closing upper-end loopholes and deductions. He also details how it is mathematically impossible to pay for the $5 trillion tax cut without cutting deductions for the middle class, like the home mortgage, charitable, and state and local taxes deductions. In this new video, President Clinton notes that Romney is now cynically hiding the existence of the tax cut because he knows the only way to pay for it is to raise taxes on the middle class. While Romney continues to deceive Americans about his tax plan, President Clinton reminds them to rely on “arithmetic over illusion.” In other words, facts matter.”
Obama for America has a plan in store for Romney’s debate myths: “To fight back against Romney’s dishonest practices during the debate, OFA will continue to fact check and respond to Mitt Romney’s statements in real time using the @OFAdebates Twitter handle. Followers of the campaign’s existing @TruthTeam2012 account will automatically receive tweets from @OFAdebates. Go to www.barackobama.com/OFAde… to follow.”
Mitt Romney better be on his A-game tonight. Big Dog and the guy who got Osama are after his tax lies.
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3 Responses to Bill Clinton Explains What’s Missing in Mitt Romney’s Tax Math
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Tim
Oct. 16th, 2012 at 12:34 pm
Nothing is missing in Mitts tax plan. It is a sales pitch and Mitt is a BS artist.
The man is a moral void and has nothing to offer anyone.
Sandra
Oct. 16th, 2012 at 1:15 pm
You’re correct, nothing is missing in his tax plan because there’s nothing in it. R & R, two of the biggest swindlers of all time, neither one has the intellectual heft to even comprehend their faux tax plan yet they are trying to sell it to the public as viable. The scary part is that people actually are buying into the bs. Snake oil.
Mark
Oct. 16th, 2012 at 4:05 pm
I’m reminded of something else Bill Clinton once said; he said people are more willing to follow someone who is ‘strong and wrong’ than someone who is weak but right. I agree with that statement, and Obama has to be ready to do some down-and-dirty battling for his position- calling Romney a liar when he lets loose with a whopper (e.g., I’ve never heard of tax breaks for offshoring jobs) for instance. Obama’s capable of fighting, but he has to know it’s time. Hope he’s figured that out by now.