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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama campaign slams Romney for not paying "fair share" of taxes
http://www.reuters.com/article/2012/04/10/us-usa-campaign-obama-buffett-idUSBRE8390CZ20120410?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28News+%2F+US+%2F+Politics+News%29President Barack Obama's campaign blasted Mitt Romney on Tuesday for not paying his "fair share" of taxes, escalating rhetoric against the leading Republican presidential contender to try to paint him as an elitist who is out of touch with ordinary Americans.
Obama has made tax fairness a key part of his re-election message and he piled on the pressure by urging support for the "Buffett Rule" during a speech in Florida, which is likely to be a key battleground state in the November 6 general election.
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"Lot of the folks who are peddling these same trickle-down theories, including members of Congress and some people who are running for a certain office right now, who shall not be named, they're doubling down on these old, broken down theories," Obama said in a clear swipe at Romney.
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"Mitt Romney opposes the Buffett Rule. He thinks millionaires and billionaires should keep paying lower tax rates than middle-class families. In fact, Romney himself isn't paying his fair share," the Obama campaign said in a statement.
polichick
(37,152 posts)This will get very interesting!
amazingtxlib
(1 post)the only 2 problems with this is.....Obama has not paid his fair share of taxes either, and raising capital gains taxes across the board will hit middle class americans as well.....about have invest in the market just like the 1%. the argument will be Oboma is a playing both side of the fence and is actually trying to pull one over on the middle class. the middle class aren't stupid and see that an increase of capital gains will kill any chances of them getting ahead in this society. He will have to do better than screaming like a cheerleader at a pep rally. the devil is always in details. just saying!
TBF
(32,086 posts)and CNN/Money agrees: http://money.cnn.com/2012/01/03/news/economy/income_inequality/index.htm
The cut from roughly 30% capital gains (they used to be equal to earned income) down to 15% now has resulted only in stockpiling of money for the very rich. This has happened over the past 30 years and both parties have been complicit.