Debate 4: Foreign Policy / Debate Coverage / Uncategorized

Question 3: Let’s talk about taxes

Romney was asked about tax reductions. He said that he cared about the middle class because it had been crushed in the current administration. However, he would not reduce rates for the wealthiest Americans. and have small businesses keep capital.

Obama argued that this philosophy did not work. He cut taxes by $3,600 and created millions of new jobs. He said that cutting for the middle class will ensure a stronger economy.

This outlined a fundamental difference between the two ideologies: Romney’s philosophy believes that tax cuts will give smaller businesses ability to buy more capital. Obama’s plan wants to rely on the middle class and argued that Romney keeping his five-point plan, using $8 trillion and ensuring middle class success doesn’t make sense. Romney can’t do it all, Obama said.

“The math doesn’t add up,” Obama said.

Romney countered that he has balanced countless budgets and understands exactly how it adds up, and that perhaps the president should take a look at his own deficit for an example of a budget that does not add up.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s