Illegitimate president neglects to mention that he (Obama) has hiked taxes on middle class.
STAMFORD, Connecticut (PNN) - August 6, 2012 - Illegitimate President Barack Obama joked Monday that his election foe Mitt Romney’s tax plans would rob from the middle class to help the rich - “like Robin Hood in reverse.”
Obama intensified his attacks on the Republican’s tax reform plans at a fundraising event in Connecticut, on a day when it was revealed his rival outraised him by $25 million last month in campaign fundraising.
“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.
In an attack ad running in battleground states, Obama says Romney would hike taxes on families with children by $2,000 to pay for his $5 trillion tax plan that the Democrat incumbent says would mostly benefit the wealthy.
An independent panel affiliated with the Brookings Institution said last week 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 has proposed cutting income tax rates by 20%, eliminating tax on investment income, eliminating the estate tax, and cutting the corporate tax rate.
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’s campaign dismissed the study, describing its authors as partisan and saying it considered only half of Romney’s tax platform.