Obama: Ryan Plan Means Lower Taxes for Romney
President Obama today ratcheted up attacks on Mitt Romney over his personal tax rate, accusing the presumptive GOP nominee of choosing a running mate whose budget plan would reduce his tax burden to less than 1 percent each year.
“His new running mate, Congressman [Paul] Ryan, put forward a plan that would let Governor Romney pay less than 1 percent in taxes each year,” Obama said on the stump in Windham, N.H.
“Here’s the kicker: he expects you to pick up the tab. Governor Romney’s tax plan would actually raise taxes on middle-class families with children by an average of $2,000. Not to reduce the deficit, or grow jobs, or invest in education but to give another tax cut to people like him,” Obama said.
The charge is based on an analysis by Roll Call earlier this month of Ryan’s “Roadmap for America’s Future” 2010 budget, which would eliminate taxes on capital gains, dividends and interest - the primary sources of Romney’s income. A separate study by the nonpartisan Tax Policy Center, disputed by the Romney campaign, found the Republican’s plan would raise rates on lower-income earners.
“Ask Governor Romney and his running mate when they’re here in New Hampshire on Monday - they’re going to be coming here on Monday - ask them if they think that’s fair. Ask them how it’ll grow the economy, or strengthen the middle-class. They have tried to sell us this trickle-down snake oil before. It didn’t work then and it won’t work now,” he said.
If you don’t believe it, let’s cut to Romney talking about said plan during a primary debate: