Debate 1: Domestic Policy / Debate Coverage

Topic one: taxes

Obama: “My tax plan has also lowered taxes for 98 percent of families.”

“Under my plan, 97% of small businesses would not see tax go up,” Obama said.

Obama said Romney has a different definition of small businesses – that they’re made up of millionaires.

“Donald Trump is a small business – but Donald Trump doesn’t like to think of himself as small anything,” Obama said.

Romney countered. His $5 trillion tax cut is false, he said.

Romney said he definitely would not raise taxes for the middle class, but would lower them. And high-income Americans would not see increases, either.

“My priority is jobs. I bring down the tax rates, lower deductions and exceptions to create more jobs.”

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