Mitt Romney is telling so many lies at the first presidential debate with Barack Obama that we had to take a half time break. Here are Romney’s 5 biggest lies of the first half of the debate.
1). Mitt Romney claims he is not cutting taxes for the wealthy
Romney actually began the debate completely reinventing his tax plan. Romney claimed that his tax plan isn’t a $5 trillion tax cut. However, yesterday his own running mate Paul Ryan touted Romney’s 20% tax cut across the board.
Ryan said, “And so what we’re saying is, we’re going to lower tax rates for everybody across the board by 20%, and we can pay for that without losing revenue by closing loopholes for people at the top end of the income scale. Everybody gets lower tax rates as a result. And you can keep these preferences for middle class taxpayers and have 20% lower tax rates.”
2). Romney claimed his tax plan doesn’t raise taxes on the middle class
Mitt Romney used some funny math to claim that his plan doesn’t raise taxes on middle class. However, the Tax Policy Center found that Romney’s plan, “The report by the centrist Tax Policy Center found that Romney’s tax cuts would boost after-tax income by an average of 4.1 percent for those earning more than $1 million a year, while reducing by an average of 1.2 percent the after-tax income of individuals earning less than $200,000.”
keyboard shortcuts: V vote up article J next comment K previous comment