Obama: Romney Is "Asking You To Pay More So That People Like Him Can Get A Big Tax Cut"
"Now, despite the evidence, the entire centerpiece of my opponent's economic plan is a new, $5 trillion tax cut on top of the Bush tax cuts. Now, the bulk of this tax cut would go to the very top. A lot of it would go to the wealthiest 1 percent of all households. Folks making more than $3 million a year -- the top one-tenth of one percent -- would get a tax cut worth almost a quarter of a million dollars. Now, think about that. Folks making $3 million a year or more would get a quarter-of-a-million-dollar tax cut," President Obama said at a campaign event in Mansfield, Ohio on Wednesday.
"But it gets worse. Under my opponent's plan, guess who gets the bill for these $250,000 tax cuts? You do. And you don't have to take my word for it. Just today, an independent, non-partisan organization ran all the numbers. And they found that if Governor Romney wants to keep his word and pay for his plan, he'd have to cut tax breaks that middle-class families depend on to pay for your home, or your health care, or send your kids to college. That means the average middle-class family with children would be hit with a tax increase of more than $2,000," he said.
"And here's the thing, he's not asking you to contribute more to pay down the deficit. He's not asking you to pay more to invest in our children's education or rebuild our roads or put more folks back to work. He's asking you to pay more so that people like him can get a big tax cut," Obama told the crowd.