(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.
Romney accusing Obama of being dishonest? Seriously? Has Romney been honest about anything? And how is it that a man who hides his money to avoid paying American taxes and outsources our jobs to other countries is a viable candidate to lead us? I'm just stunned with the GOP hate of Democrats and Obama specifically; that it is so strong Mitt turns out to be their choice even though his actions for profit could be considered anti-American. What is happening to us?
My mother worked in a Union cannery ... the factory worked abotu 3 months out of the year ... she was paid $18 per hour. The reason they worked so little was they could not compete with international canneries. They de-unionized took a $2 per hour pay cut (which was what they paid in union dues) and now they work all year long. Get rid of the unions, it will save jobs.
If Romney has a comprehensive plan for the economy, for the taxes, for the healthcare, for energy, and for educaiton, then why does he not share it with people? All we keep on hearing is what Obama is not doing or doing it wrong. Where is Romney's plan? What does he intends to do to cover 40 + million uninsured people in to healthcare? What does he intend to do to provide education to masses? What does he intend to do to create jobs in USA other than to give tax breaks to rich and the richests? Also, why does he not share the truth about Bain Capital and his time there? Why won't he release his tax returns? What is he hiding there? It is clear from the filings that he was CEO, owner, and sole shareholder of Bain Capital, received at least $100,000 a year for 1999-2001. Is that not involvement? How can you resign retroactively and if so, should he have not filed the amended reports with the Government? So, these questions require answers and when you ask Romney and his representatives, they just change the subject as if the questions don't exist and don't matter. Well, come Novmeber, we will all remember these questions and make sure that he does not get to WH and his republican friends do not control the House or the Senate.
"Unemployment, disability, food stamps and welfare were designed to give people a hand up not a way of life that spans generations."
Tell that to the rich and giant coroprations who want to keep everyone else in that position so that they are powerless and and willing to accept lower wages and less benefits just to have a job and not be competely without income.
Outsourcing, if there is such a thing, has been goig on for a few decades. Let me spell it out for you. When the Government Screws Big Business, Big Business Screws Little Business. guess who Little Business Screws. You people elected all the Con's, Liars, that promised you big things. The Cold Hard facts of life came to life. Business that was overtaxed by the government, elected by you, decided to go where they could remain in business. It was either that or fold the business. Now the people that elected all these people with big ideas got left holding the bag. There is no such thing as a free lunch. The Conservatives know this and try to keep a leash on the budget even tho they have been outvoted most of the time. You might want to re-examine your station in life. If the botom is falling out, you voted for it.
At least Romney has business experience amd actually knows what it is like to pay te bills and balance the checkbook. President Obama never even ran a snowball stand. And we wonder why we are in the financial shape we are in.
Paul Ryan's budget plan which is endorsed by Romney and rest of the GOP will sell Americans on Wall Street to the highest bidder in the World just like a cattle auction. You aint' seen nothing yet until Romney puts that into action if he becomes President and you better ask Grover Norquist about that one because Romney has no choice in the matter but to sign on the dotted line.
Keep telling it like it is Mr. President. Willard is the worst candidate the republicans could ever run against you and I am proud of the fact they are using HIM of all people to try and attack you. The more people get to hear of Willard's "love of America" the more they'll find out he is nothing more than a user who lost his soul a long time ago for money and this country would be better off without his "love".
When Romney retired "retrospectively" did he remember to return the 6 figure salary he made as CEO during 2000, 2001, and 2002? How about the profits he made on all the outsourcing during those 3 years? Did he return that too?
Let's see his taxes.
Many companies move jobs overseas to avoid the wages that they have to pay to people. They are looking to get away with anything and everything that they can. If there are people that they can over work and not pay overtime to, then they will do it.
@Jon, did the loss of the union also mean the loss of health benefits? How were the rules for the working conditions change? That might be a factor as well. There are more details that you failed to make this a complete picture.
The corporate tax rate is too high from a competitive standpoint. It needs to be lowered to make the country more competitive in the global economy. On the other hand, returning to the individual tax rates of the 90s doesn't sound like an egregious confiscation of personal wealth.
"My mother worked in a Union cannery ... the factory worked abotu 3 months out of the year ... she was paid $18 per hour. The reason they worked so little was they could not compete with international canneries. They de-unionized took a $2 per hour pay cut (which was what they paid in union dues) and now they work all year long. Get rid of the unions, it will save jobs."
Before: $18/hour x 3 months x 30days/month x 8 hours/day = $12,960
After: $16/hour x 50 weeks x 40 hours/week = $32,000
De-unionization didn't save your mothers job or make it better on the theory that $18/hour was breaking the company's bank. The employer outsourced ther jobs and gave them crappy hours in order to break their labor union, period, but solely to break the union, not beacuse of any fiscal issues it was creating in running the business. That $32,000 per year after de-unionization would STILL buy like 5 chinese workers, maybe even their children too. Having to pay reasonable salaries and give appropriate benefits to your employees shoudl be a given, but it's not, and being forced to do it because a union is in place and labor shows solidarity really cheeses CEOs and owners who want to pay as little as possible and provide no benefits so they can run to the bank with 7 figure paychecks. FACT: they view the money in your paychecks as still being theirs, and watch you deposit them in your bank accounts with nothing but contempt and resentment in their hearts for the money you had to be paid that they didn't get to keep for themselves.
I think we should make sure this administration is re-elected. Its kind of like following an ambulance. Lets wait and watch the blood and guts.
@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.
It's sad how fast the President became a true politican.
It's not about what you do...it's about what the other guy did.
Makes me sad this is teh best America has to offer.
And GM got bailed out and sent everything to China...so pot...meet kettle.
Hope on the LIE TRAIN. Next stop OHIO
Amazing, LETS TALK ABOUT THE ECONOMY v/s making up stories....
Now Opie is telling all businesses that they did not build their businesses, it was his government freebies that did it? The man is INSANE. Every business that makes a profit and pays their taxes should NEVER vote for this man.
>pati hatch - One of the reasons it is less expensive for corporations to create jobs
>overseas is that companies don't have to pay health care benefits for their employees.
>The government provides healthcare expenses.
btw, do you know where any government gets all the money to pay for "free" healthcare? it's called taxes. maybe the usa needs a 20% national healthcare sales tax to give everybody "free" healthcare?
Mitt Romney is such a blatant HYPOCRITE!
Just a few weeks ago Mitt stood next to Donald Trump while Trump ranted on about Obama's birth certificate.
Mitt just stood there with a stupid smirk on his face and gave soft denials later on when asked about it. Romney set the bar for the campaign then and there.
Now he is outraged that this is such a dastardly campaign against him when this is the very issue that sunk him in his Senate bid against Teddy Kennedy, and in the 2008 Primaries and why McCain wouldn't pick him for VP.
Romney supporters have nothing to say in fact that Romney's signature appears on SEC documents and the counter is lame rhetoric about how badly off the country is under Obama. BS Flag on that one! The Republicans have done nothing to work for the good of the country in our country's worst economic condition since the Depression. They are more interested in going down the F&F rabbit hole and holding meaningless votes on the ACA. They have done NOTHING positive for this country, root for our country's economic failure. The debt ceiling vote was a classic example. No compromise ultimately meant we have sequestering next year, and our credit rating was downgraded. All the doing of the Republicans and especially the Tea Party. but they have no answer only blame.
ROMNEY = HYPOCRITE
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?
How does that make any sense?
@T C – At least Romney has business experience amd actually knows what it is like to pay te bills and balance the checkbook. President Obama never even ran a snowball stand. And we wonder why we are in the financial shape we are in.
Those of us who don't get spoon fed by Faux Noise channel, know exactly why we are in the financial shape we are in. It mostly due to the failed fiscal and economic (read.. trickle-down, supply-side) policies of the GOP. The $1.47T deficit, the $850B TARP bailout, the TWO unfunded wars and the Tax Cuts that are Dubya's LEGACY !! The $5.6T that the GOP is whining about Obama adding to the National Debt contained MORE THAN $3 TRILLION to pay for the TWO wars. Take out the stimulus and the amount of deficit's is STILL way less than Dubya's spending.
So why are we in the financial shape we're in again ??
Get rid of the rules that allow outsourcing without punishment. It will save jobs.
If you want me to feel sympathy for a CEO who makes $25M/year by outsourcing jobs, it's not going to be because his salary got cut to $15M/year in order to afford Amurikan labor, wages and benefits. Try cutting his feet off insetad and I'll let you know if that elicits any sympathy....if not, we can always move on to his knees.
Bain isnt "over" people. Not by a longshot. Just because he doesnt want it out doesnt mean its over. Most Americans are intelligent and not goldfish with memory spans of 10 seconds and we want answers.
He says he left in 1999. SEC documents show him as 100% shareholder, CEO, and director of the company until 2002. Why did you recieve a salary during that time, if you werent really there?
How come the very day after you took over the Winter Olympics the Boston Herald reported directly from your mouth that “Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions?”
Why in a 2000 intervew with the local newspaper did his wife state that he would be lessening, but not ending his involvement in Bains operations? Despite his claim that he had NOTHING to do with Bain after 1999?
You even admitted that you went to board meetings, but that you were there as "the individual Mitt Romney" and not the "Representative of Bain Mitt Romney."
Sorry Mitt, you might need to drop out and hope they find someone else before the convention. Either that you screw the GOP come November. People are starting to get a good look at you and it is no coincidence they are cringing.
@Jon – Union jobs have been declining for the past 30 years. As union worker salaries have declined, non-union and middle management salaries have also declined. When salaries decline, people have fewer discretionary funds to spend. When they need products but have less money, people buy the lower priced items and most of those are made in countries that don't have unions, clean air, clean water, worker safety rules, health benefits..... When there is no demand for products made in this country, our industries either move overseas or simply shut down. Wealthy people do NOT create jobs. Demand creates jobs. Think about that the next time you take a product off the shelf at the store. Fewer products are made in America but it isn't the government, the business executive, the board of directors that make that happen. It's the consumer and the Americans who fail to defend what is fair, just, right.
I like When Obama begging for-$3 dollar. The same like homeless on street. Now my business I did not create, but government. A little more government in my business and I will out of business. Obama made presidency so low like I never see before.