CNN and Factcheck.org says Obama lying about Romneys tax policies. (campaign, thought)

[pghquest]

While Biden says: "I thought the president did well. He was presidential,"

Biden defends Obama’s debate, casts Romney as flip-flopper – CNN Political Ticker - CNN.com Blogs

Independent fact checkers have sided against President Obama's claim.
Performing a fact check, CNN anchor John Berman ruled the claim as false because of Romney's intention to offset the tax cuts by eliminating as yet unspecified loopholes and lowering deductions.
Berman rated Romney's claim that his plan would not add to the deficit as incomplete.
Meanwhile, Factcheck.org also ruled the president's claim as false.

[Miborn]

Originally Posted by pghquest

While Biden says: "I thought the president did well. He was presidential,"

Biden defends Obama’s debate, casts Romney as flip-flopper – CNN Political Ticker - CNN.com Blogs

Independent fact checkers have sided against President Obama's claim.
Performing a fact check, CNN anchor John Berman ruled the claim as false because of Romney's intention to offset the tax cuts by eliminating as yet unspecified loopholes and lowering deductions.
Berman rated Romney's claim that his plan would not add to the deficit as incomplete.
Meanwhile, Factcheck.org also ruled the president's claim as false.

WOW CNN I am proud of them!

[steampunkzombie]

So does this mean you guys believe the "liberal media" ???

[mb1547]

Originally Posted by pghquest

While Biden says: "I thought the president did well. He was presidential,"

Biden defends Obama’s debate, casts Romney as flip-flopper – CNN Political Ticker - CNN.com Blogs

Independent fact checkers have sided against President Obama's claim.
Performing a fact check, CNN anchor John Berman ruled the claim as false because of Romney's intention to offset the tax cuts by eliminating as yet unspecified loopholes and lowering deductions.
Berman rated Romney's claim that his plan would not add to the deficit as incomplete.
Meanwhile, Factcheck.org also ruled the president's claim as false.

This is where things get silly. The biggest claim made is that Romney would cut taxes for the wealthy, pay for them by eliminating as yet unspecified loopholes and lowering deductions--AND THAT CUTTING THOSE LOOPHOLES AND DEDUCTIONS WOULD RAISE THE TAXES OF THE MIDDLE CLASS. That's the biggest issue that people are concerned about, but the fact checker only checked half the question. The elimination of deductions for the middle class is backed up by Romney's statements over the last month--he's come out and said that he's going to eliminate deductions for everyone. Things like the home mortgage deduction are the only things big enough that would make up the difference. Who the heck knows what Romney plans on doing, because last night he flipflopped again and said that he's not going to cut taxes on the wealthy, while in the same breath saying that he's cutting the estate tax, which only impacts estates over $5 million. I feel like I'm going to get whiplash from watching him change his story every time he opens his mouth.

Mitt Romney's Middle-Class Tax Cut Promise Contradicts Recent Claim

[Max Sterling]

Originally Posted by pghquest

While Biden says: "I thought the president did well. He was presidential,"

Biden defends Obama’s debate, casts Romney as flip-flopper – CNN Political Ticker - CNN.com Blogs

Independent fact checkers have sided against President Obama's claim.
Performing a fact check, CNN anchor John Berman ruled the claim as false because of Romney's intention to offset the tax cuts by eliminating as yet unspecified loopholes and lowering deductions.
Berman rated Romney's claim that his plan would not add to the deficit as incomplete.
Meanwhile, Factcheck.org also ruled the president's claim as false.

From the links you provided:

The president said Romney was proposing a $5 trillion tax cut and Romney said he wasn’t. The president is off base here — Romney says his rate cuts and tax eliminations would be offset and the deficit wouldn’t increase.

Obama: Governor Romney’s central economic plan calls for a $5 trillion tax cut — on top of the extension of the Bush tax cuts.
Romney: First of all, I don’t have a $5 trillion tax cut. I don’t have a tax cut of a scale that you’re talking about.

To be clear, Romney has proposed cutting personal federal income tax rates across the board by 20 percent, in addition to extending the tax cuts enacted early in the Bush administration. He also proposes to eliminate the estate tax permanently, repeal the Alternative Minimum Tax, and eliminate taxes on interest, capital gains and dividends for taxpayers making under $200,000 a year in adjusted gross income.
By themselves, those cuts would, according to the nonpartisan Tax Policy Center, lower federal tax liability by “about $480 billion in calendar year 2015” compared with current tax policy, with Bush cuts left in place. The Obama campaign has extrapolated that figure out over 10 years, coming up with a $5 trillion figure over a decade.
However, Romney always has said he planned to offset that massive cut with equally massive reductions in tax preferences to broaden the tax base, thus losing no revenue and not increasing the deficit. So to that extent, the president is incorrect: Romney is not proposing a $5 trillion reduction in taxes.

The Impossible Plan

However, Romney continued to struggle to explain how he could possibly offset such a large loss of revenue without shifting the burden away from upper-income taxpayers, who benefit disproportionately from across-the-board rate cuts and especially from elimination of the estate tax (which falls only on estates exceeding $5.1 million left by any who die this year). The Tax Policy Center concluded earlier this year that it wasn’t mathematically possible for a plan such as Romney’s to cut rates as he promised without either favoring the wealthy or increasing the federal deficit.
Except for saying that his plan would bring in the same amount of money “when you account for growth,” Romney offered no new explanation for how he might accomplish all he’s promised. He just repeated those promises in some of the strongest terms yet.

Its all fine and well to say that as the ecomony grows so will the taxbase so that these tax cuts will be paid for, but as pointed out by Factcheck, these cuts benefit the rich greatly and the average American will probably end up footing the bill.

To all the Rupublican supporters out there, can you explain and justify this?

[turbo700]

The only thing Obama does well is lie and read a telepromter. When confronted with the facts he can only hang his head in shame. If this had been a knife fight instead of a debate Obama would be dead.