Monday, April 16, 2012

Obama takes swipe at Romney's Taxes

The class warfare continues....
"Mitt Romney opposes the Buffett Rule because he wants to protect tax loopholes and give millionaires like himself trillions of dollars in tax breaks paid for by either increasing the deficit or by cutting programs critical to the middle class and economic growth," the site charges.

Of course Obama blatantly lies about Romney's tax plan which will eliminate a lot of the deductions and credits that overwhelmingly benefit higher income Americans.
I'm going to probably eliminate for high income people the second home mortgage deduction," Romney said, adding that he would also likely eliminate deductions for state income and property taxes as well. "By virtue of doing that, we'll get the same tax revenue, but we'll have lower rates," Romney explained. "The nice thing about lower rates is that small businesses not get to keep a larger share of what they're earning and plow it back in to hire more people and expand their business."

But hey, since when has Obama let the truth stop him from doing anything?

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