(CNN) – President Barack Obama heads to the crucial battleground state of Ohio Monday to tell voters that Republican challenger Mitt Romney's tax proposals would send American jobs to countries overseas, including China.
The Romney campaign responds that the new allegation from the Obama campaign is "another dishonest attack."
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The president holds a town hall in Cincinnati Monday, where his campaign says he'll highlight his push to extend the middle class tax cut and where he'll tout his administration's 2009 bailout of the U.S. auto industry, which Democrats say saved thousands of jobs in the Buckeye State. Romney has repeatedly stated his opposition to the president's loaning of taxpayer dollars to Chrysler and General Motors while they reorganized during bankruptcy protection.
The Obama campaign also says the president will discuss a new report that estimates that Romney's "support for eliminating U.S. Taxes on American companies' foreign incomes would create 800,000 jobs in other countries, including 73,000 jobs in China. These jobs are likely to come at the expense of American workers, in cities like Cincinnati."
The report the Obama campaign is touting, published in Tax Notes, concludes that the reforms Romney supports "would significantly increase incentives for U.S. firms to move economic activity abroad."
The Romney campaign quickly fired back.
"President Obama is at it again today with another dishonest attack meant to distract from his own record of failure. After spending three years pushing policies that drive jobs overseas and sending taxpayer money to foreign-owned companies, it's clear President Obama doesn't have a clue when it comes to job creation in America," Romney campaign spokeswoman Amanda Henneberg told CNN.
"Our corporate tax rate is the highest in the industrial world and impairs the ability of American businesses to both compete globally and create jobs here at home. Mitt Romney has a comprehensive plan to reform the corporate tax code that will lower rates, get rid of incentives for firms to create jobs in other countries, and encourage the kind of economic growth President Obama has been unable to deliver," added Henneberg.
The new back and forth comes as both campaigns have repeatedly accused the opposing candidate of outsourcing U.S. jobs overseas. A non-partisan fact checker -Factcheck.org– has poked some holes in Obama campaign commercials that accuse Romney of outsourcing.
The stop in the Buckeye state will be the president's eighth trip there this year. Obama held his first official campaign rally of his re-election bid in Columbus in early May and a week and a half ago he spent two days on a campaign bus tour through the northern part of the state.
Ohio's a battleground or swing state, which will be heavily contested by both major parties in the presidential election. The most recent poll in the state, conducted late last month by Quinnipiac University, indicated the president with a 47%-38% lead over Republican challenger Mitt Romney. In the 2008 election, Obama won the state by five points over Sen. John McCain, the GOP presidential nominee.
Romney was last in Ohio on June 21, and heads back on Wednesday, holding an event in Bowling Green, in the northwestern part of the state. The trip will be Romney's 11th to Ohio this year, though many of the stops were for the state's GOP primary, which was held in early March.
In advance of the president's town hall in Cincinnati, top Romney surrogate Sen. Rob Portman of Ohio held an event in nearby Lebanon. Portman is considered to be one of the candidates Romney is seriously considering as his running mate.
Since April 10, the Obama campaign has spent nearly $10 million to run ads on broadcast TV in Ohio. And the Romney campaign has shelled out more than $3.7 million. When you add in money spent by independent organizations, including advocacy groups and so-called super PACs, there has been more than $22 million in ad buys in Ohio.
The figures come from data provided to their clients by Kantar Media/Campaign Media Analysis Group, which tracks political ad spending on broadcast TV and national cable. The data covers the period from April 10 through May 24. April 10 is the day former Sen. Rick Santorum of Pennsylvania suspended his presidential campaign. Santorum was Romney's main rival for the Republican presidential nomination, and when he left the race, the former Massachusetts governor became the presumptive GOP nominee.
Both Democrats and Republicans need to stop playing the blame game. They have been lying to the American people for years.The country is in an economic depression. They need to unite and put together an economic plan similar to a Manhattan Project to pull this country out of this mess. The place to start is with trade and tax policies. The current trade and tax policies are putting the US at a distinct disadvantage over China, India, etc.Start providing incentives for businesses to build plants in the US and place a VAT tax on all products coming into the US. Our neighbor to the north, Canada has done this and they are not suffering from economic malaise and unemployment fiasco that we are currently experiencing.
@BTLProd – Let me get this straight, according to the President, lowering taxes, which makes overhead for running businesses in this country lower, is going to make businesses outsource jobs, but raising taxes is going to force jobs to happen in the US?
Typical GOBP mis-direction. The taxes that POTUS is talking about raising are NOT Corporate taxes, but individual tax rates. At least get your FACTS right before spouting..
Obama said, "If you've got a business, you didn't build that. Somebody else made that happen."
Teleprompter No Spin Zone
First, Obama blamed the lack of jobs because of Bush and Cheney policies (although Obama fails to mention that he as a Senator and the rest of the democrats controlled both the House and the Senate during George Bush's last two years in office;
You fail to accept the fact that the Repyblicans had run the House for 12 years prior to Democrats taking over in 2007, which included the White House during the last 6 years. You fail to accept the fact the Recession began in FY2007, which was a budget passed by Republicans in a lame duck session. You fail to accept the fact that The Great Recession drove unemployment up to over 10% during FY2009, and is now two percentage points lower. You fail to realize that right wing media has been misleading its' audience for the sole benefit of the 1%.
What good have the right wing fiscal policies ever done for you?
"@Sniffit Yup, it is the big greedy corporations, that aren't people so can't technically be greedy, that are causing people to not want to work and sit on multi-generational welfare and because of their limited income can't be good customers for the corporations.
Your logic astounds me."
And your illogic astounds me. Context is everything. In the context of campaign contributions and electioneering, corporations can't vote, they have the votes of their directors, officers and employees to vote in their best interests and they absolutely aren't living things.
In the context of speaking about a corporation acting a manner that is "greedy," that's just shorthand for talking about the directors, shareholders, CEOs and other officers making decisions to the detriment of their employees in order to benefit themselves financially.
As for mutli-generational welfare, that's exa tly what's been going on AND we're seeing exactly the problem it creates and that you highlighted. The economy is in the crapper and struggling to move because we're in a demand vacuum created by several decades of stagnant middle-class salaries that didn't keep up with inflation, health care costs that inflated at mutliple times the rate of inflation and tax and economic policies that have redistributed the nation's wealth upwards for said several decades, causing massive income and wealth disparity and a huge decrease in economic mobility. I'm not wrong simply because you think it was "illogical" for me to say the wealthy and those in control or ownership of large corporations try to keep the wealth from trickling down. Oh no. IN FACT, I'M RIGHT BECAUSE THAT'S EXACTLY WHAT WE'RE SEEING PLAY OUT IN FRONT OF US.
Really, what have Obama's policies, fines, and regulations done to keep jobs in the U.S.A. What Obama has been doing is enacting punitive regulations and policies against those who refuse to capitulate to his will. And rewarded those who play ball with him.
Obama points the finger of scorn at those whom he punishes for competing against his cronies. Thus forcing them out of business or to outsource jobs to survive. But isn't that Obama's goal to spread the U.S.A. Wealth, Technology, and Jobs globally?