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Wed Aug 1, 2012, 01:08 PM

Obama blasts Romney's proposed tax cuts

Source: USAtoday


President Obama blasted Mitt Romney's proposed new tax cuts on Wednesday, saying they will wind up costing the middle class more money.

"He's asking you to pay more so that people like him can get a tax cut." Obama told supporters in Mansfield, Ohio, the first of two campaign speeches today in a crucial swing state.

In addition to backing an extension of the George W. Bush tax cuts, Romney has also proposed new tax cuts of $5 trillion that will benefit mainly the wealthy, Obama told a friendly crowd.

"The bulk of this cut would go to the very top ... the wealthiest 1% of all households," Obama said. "Folks making more than $3 million a year -- the top one-tenth of one percent -- would get a quarter of a million dollars tax cut.''

Read more: http://content.usatoday.com/communities/theoval/post/2012/08/obama-blasts-romneys-proposed-tax-cuts/1#.UBljU6N5mSM

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Reply Obama blasts Romney's proposed tax cuts (Original post)
maddezmom Aug 2012 OP
Chemisse Aug 2012 #1
ProgressiveEconomist Aug 2012 #2

Response to maddezmom (Original post)

Wed Aug 1, 2012, 01:53 PM

1. He needs to keep talking about this.

If the fact that people will be taxed more so the Romneys of the world can be even richer, even the most thick-headed Republican could have a hard time pulling the Romney lever come November.

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Response to maddezmom (Original post)

Wed Aug 1, 2012, 06:34 PM

2. This is GREAT political strategy ahead of Friday's looming jobs report--

Don't let Romney get away with generalized criticicism of the economy under President Obama (and obstructionist Republicans). Instead, put a spotlight on what Romney has said he would DO about the economy, and show how it simply repeats irresponsible failed Bush policies that took us to the brink of depression.

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