“It’s like Robin Hood in reverse…. it’s Romney Hood!” Obama said, arguing that the middle class would bear the brunt of his opponent’s plans which he said would mostly benefit the wealthy. Obama hit hard Republican’s tax reform plans in Connecticut
“If this sounds like an idea that’s difficult to explain or sell to the American people, you would be right,” Obama said.
“They have tried to sell us this trickle down, tax cut fairy dust before.”
Obama said at a fundraiser in Connecticut, Romney would hike taxes on families with children by $2,000 to pay for his $5 trillion tax plan that would mostly benefit the wealthy. ROMNEY HOOD!
The Brookings Institution said that Romney’s plan to lower rates and maintain tax breaks would spell “large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers.” ROMNEY HOOD!
Romney has proposed cutting income tax rates by 20 percent, eliminating tax on investment income, eliminating the estate tax, and cutting the corporate tax rate. ROMNEY HOOD!
To offset the $360 billion in lost revenues, the study said the government would be forced to end some tax benefits, a move that would proportionally hurt those with lower incomes. ROMNEY-HOOD!
President Obama coins the Progressive battle cry against Republican tax plans … where the rich take from the poor and middle class and give it to the rich. ROMNEY HOOD!
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