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?

Obama Campaign Manager Endorses Mitt Romney

Looks like the Mitt Romney campaign is having a little fun with something David Axelrod said this morning on Fox News Sunday

The choice in this election is between an economy that produces a growing middle class and gives people the chance to get ahead.... and an economy that continues down the road we're on

Clearly, Axelrod just screwed up his talking points but gaffe aside he is absolutely right. There is a stark choice this election, on the one side you have President Obama who has presided over yearly trillion dollar deficits, ignored actual solutions to rising energy costs while giving billions of tax dollars to failed green energy companies, destroyed the used car market for lower income Americans by instituting the Cash for Clunkers program that required vehicles traded in to be destroyed, and who has no real economic plan other than to soak the rich with more taxes, even though the top 1% already pay close to 30% of all federal taxes in this country.

On the other side of the aisle stands Mitt Romney. A man who understands the economy because he's actually worked as an executive. A man who has created jobs. A man who has had to build, and maintain, a balanced budget.

Axelrod is absolutely correct we can't afford to continue down President Obama's path of high unemployment, outrageous deficits, and budget busting energy prices but the only way we can get off that path is to send Obama packing. I know a lot of conservatives aren't enthused about Romney but we have to get Obama out of Washington.

Buffett Rule: Political Gimmick or Genuine Deficit Reducer?

Verdict, political gimmick. Just check out this great graph from Politicalmath that shows just how little the Buffett rule actually raises.