Romney responds to Obama's tax cut pledge
July 9th, 2012
11:51 AM ET
2 years ago

Romney responds to Obama's tax cut pledge

(CNN) – Responding to the president's expected call to extend the Bush-era tax cuts for those earning less than $250,000, Mitt Romney's campaign pointed to the implied tax hike for those making more than the stated threshold.

"President Obama's announcement this morning will mean a tax increase for millions of families, job creators, and small businesses," Romney spokeswoman Andrea Saul said in a statement.

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Obama will urge Congress to pass a one-year extension on the tax breaks Monday at the White House, a call his re-election campaign said "will amplify the president's message on middle-class tax cuts."

The president, however, has long said he will oppose extending the tax cuts for the wealthy.

On Sunday, a top campaign adviser said Obama was entirely dedicated to ending the so-called Bush tax cuts for the wealthy at the end of this year.

"He is 100% committed to it," Robert Gibbs said on CNN's "State of the Union."

Obama signed a bill in 2010 to extend the Bush-era tax cuts, citing the need for economic stimulus at the time, but has since vowed he would not permit another extension.

In her statement Monday, Saul added: "Governor Romney knows that job-killing tax increases will hurt our troubled economy even further, and he has a plan to lower the rates and broaden the base without increasing the deficit to encourage investment and job creation."

– CNN's Jessica Yellin and Ashley Killough contributed to this report.


Filed under: 2012 • Mitt Romney • President Obama • Taxes
soundoff (90 Responses)
  1. SOUTHERN HOTTIE

    Who are these so-called job creators the GOP is always referencing?

    July 9, 2012 11:56 am at 11:56 am |
  2. Sniffit

    Yawn. Can we just skip the Deputy Doublethink articles? He never says anything specific or talks in anything other than gross generalities and ideological platitudes. We've heard them all a million times now. Save yourself the time and effort and report on something meaningful until DD actually has something to say of substance.

    July 9, 2012 11:57 am at 11:57 am |
  3. Kenneth the VI of Minneapolis

    According Romney's spokeswoman Andrea Saul, Mitt Romney will "...lower the rates and broaden the base without increasing the deficit ..." How will he do this? What is the plan?

    July 9, 2012 11:57 am at 11:57 am |
  4. mamacho

    I was thinking the same thing Southern Hottie. They've had years of cuts to create jobs...but funny all the jobs they create seem to go overseas. And they get additional tax cuts for doing that. Sorry but that "trickle down" idea is bogus.

    July 9, 2012 12:00 pm at 12:00 pm |
  5. solrac503

    Where is Romney's trickle-down? He holds his money in oversea bank accounts. It's funny when Obama invests into America he's he's called a Socialist, but when Romney invests his money into Switzerland, China, etc – social-democracy and communist countries' – he's praised as a entrepreneur. The rich have the luxury of being sophisticated and know how to avoid taxes; we need someone to have us workers best interest in mind. I wouldn't count on any money trickling down anytime soon within a conservative political ideology.

    July 9, 2012 12:02 pm at 12:02 pm |
  6. Terry

    The Koch brothers. Why?

    July 9, 2012 12:02 pm at 12:02 pm |
  7. TomInRochNY

    "Broaden the base." Translation: Make the middle and lower classes pay more taxes so the wealthy can invest their tax savings overseas to make themselves rich at everyone else's expense.

    July 9, 2012 12:03 pm at 12:03 pm |
  8. Sniffit

    Can we please refrain from reporting every time Deputy Doublethink speaks until he actually says something?

    July 9, 2012 12:04 pm at 12:04 pm |
  9. Steve- Illinois

    Why do you libs believe raising taxes on anyone, will suddenly turn this stagnant economy into euphoria?

    July 9, 2012 12:04 pm at 12:04 pm |
  10. Obama 2012 - MOVE Forward America, NOT another round of DUBYA's FAILURES

    YAWN... more Grand Obstructionist Party candidate rhetoric. The so-called job creators are busy offshoring to India and China – wherever the labor is cheapest. The effective tax increase on those making above $250k is something they should have been paying all along. We've seen how well those tax cuts have worked for the job creators, right ?

    July 9, 2012 12:04 pm at 12:04 pm |
  11. Phil

    Hey Mitt, how much cash you hiding in overseas bank accounts that could be invested here for US job creation?

    July 9, 2012 12:05 pm at 12:05 pm |
  12. s

    Oh Willard you will change you mind tomrrow and 5 more times before November.

    July 9, 2012 12:06 pm at 12:06 pm |
  13. rs

    Growing very tired of the lies about those mythological "job creators" Mr. Romney. For a President whom you (lie) and says hates business, please explain the highest profits ever, and more than $2 trillion in their accounts noyt being used (to create jobs?).

    July 9, 2012 12:06 pm at 12:06 pm |
  14. Curt

    How many jobs has Mitt created with his hundreds of millions of dollars? Oh I know, he hired people to build an elevator for his garage in California.

    July 9, 2012 12:07 pm at 12:07 pm |
  15. nrc

    A job creator is anyone who signs the front of a paycheck. It is simple economics, if you keep increasing taxes on the wealthy and limiting the taxes on everyone else, it places pressure on higher incomes to go up and stagnates lower wages. If you are going to raise taxes it has to impact all wages and have a corresponding increase in minimum wage or it is destined to only increase our wage gap.

    July 9, 2012 12:07 pm at 12:07 pm |
  16. Obama 2012 - BEND Forward America, take another 4 long years of OBAMA FAILURE

    SOUTHERN HOTTIE - Who are these so-called job creators the GOP is always referencing?
    =========================================================================
    Don't get out of the house much Hottie??? They are in all those stores you drive by on the way to the welfare office! They are the electricians and plumbers you call when you have a problem. They are the guys who fix your car, they are the MILLIONS of self employed people that also hire others. Do you think jobs only come from Obama handouts to fund companies like Solyndra?

    July 9, 2012 12:08 pm at 12:08 pm |
  17. anagram_kid

    I think the title of Job Creator can now officially changed to Election Purchaser.

    July 9, 2012 12:08 pm at 12:08 pm |
  18. Namryan

    I thought that the rich were doing "just fine" is it another flip flop?

    July 9, 2012 12:10 pm at 12:10 pm |
  19. Rudy NYC

    In case you haven't noticed, Mitt "Kaleidoscope" Romney wants to introduce legislation that reduces his taxes to near zero.

    July 9, 2012 12:11 pm at 12:11 pm |
  20. Larry L

    @nrc

    A job creator is anyone who signs the front of a paycheck. It is simple economics, if you keep increasing taxes on the wealthy and limiting the taxes on everyone else, it places pressure on higher incomes to go up and stagnates lower wages.
    ---------------------------------------------------–
    You call it simple economics but it's simply untrue. When has this been shown to work? The health of the middle class has always done more to stimulate the economy and boost production. It's always the Republican mantra but the facts of our economic history do not show trickle-down economics to work. Those "job creators" had their tax breaks and an opportunity to invest when prices were down. Why did the send their money offshore? Where did they invest? So where are the jobs?

    July 9, 2012 12:14 pm at 12:14 pm |
  21. vic , nashville ,tn

    Middle class is back born of our economy they need a break
    Go Obama

    July 9, 2012 12:15 pm at 12:15 pm |
  22. ObamaCares

    America is tired of the so-called "job creator" mambo-jumbo. rMoney is the shame and disgrace of all that good people behold. Folf, don't fall for his dirty tricks.

    July 9, 2012 12:15 pm at 12:15 pm |
  23. Fair is Fair

    Let the Bush tax cuts expire for EVERYONE.

    Let the payroll tax cut expire for EVERYONE.

    Or don't you have the guts, Obama?

    July 9, 2012 12:15 pm at 12:15 pm |
  24. anagram_kid

    They are not job creators Gov. Romney, they are election purchasers.

    July 9, 2012 12:15 pm at 12:15 pm |
  25. cj1

    Its sad to see how lazy Americans are becoming. Get up and do more than sit around and wait for handouts to come your way people!!! Stop focusing so much on Romney's wealth and do your part.

    July 9, 2012 12:18 pm at 12:18 pm |
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