Obama, Romney camps spar over tax study
August 1st, 2012
08:26 PM ET
2 years ago

Obama, Romney camps spar over tax study

Akron, Ohio (CNN) – Making his 12th visit to the Buckeye State since announcing his campaign for reelection, President Barack Obama on Wednesday continued to hammer home the differences between his tax policies and those of his opponent.

At a morning event in Mansfield, Obama used his speech to highlight a new study by the Urban Institute-Brookings Institution Tax Policy Center that concluded Mitt Romney's tax proposals would provide large tax cuts to the very wealthy while increasing the tax burden on the lower and middle classes.

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The Romney campaign quickly pushed back, pointing out that one of the study’s three authors used to work for the White House. Adam Looney, now a senior fellow of The Hamilton Project at the Brookings Institution, served as senior economist for public finance and tax policy with the President’s Council of Economic Advisers from 2009 to 2010.

Speaking to 3,000 people at the John S. Knight Center here in the afternoon, Obama continued the back-and-forth between the two campaigns.

“Just today, an independent, non-partisan organization, they crunched all the numbers. They looked at his plan. This wasn’t me, it wasn’t my team,” Obama said. “This was an independent group. One of the guys who did the analysis used to work for Bush.”

Another author of the study, William G. Gale, was a senior staff economist for the President’s Council of Economic Advisers from 1991 to 1992 under President George H.W. Bush.


Filed under: Ohio • President Obama
soundoff (22 Responses)
  1. Thomas

    It's good to see people from all walks of life in that photo.

    When you see photos of Romney and supports , it looks like a undertaker convention. I don't want to insult the undertakers of America, thats just Myview .

    August 1, 2012 08:33 pm at 8:33 pm |
  2. Darryl

    Does anybody really think the Republicans are going to do anything for anybody but themselfs ? The middle Class & the Poor will have to pay for the 2 wars and the Part D medical if the republicans have things their way.

    August 1, 2012 08:43 pm at 8:43 pm |
  3. philphat

    Thank heavens we don't need a study to see what Obama's harmful fiscal policies have done to the country. Come November, its time for a change.

    August 1, 2012 08:51 pm at 8:51 pm |
  4. Myviewis

    Unfortunately, this institute is a leftist organization and its president is Democrat Strobe Talbott which means they are not impartial and cannot produce an independent study. Their conclusions cannot be trusted as they are persuaded to do all possible to show favoritism to President Obama in an election year. There are numerous ways in accounting to reach a conclusion by omitting certain columns and I have a feeling some columns were ignored to reach an unfavorable total of Romney's tax proposal.

    August 1, 2012 08:56 pm at 8:56 pm |
  5. ron

    Wow. Say it ain't so. The same agency whose report willard used to beat rick perry over the head is now a "liberal" oganization!! And, one of those three authors "worked for the White House". Yeah, and one of them worked for the first BUSH White House. So, which one is the romney camp refering to??? LOL Nice try mitt.

    August 1, 2012 09:11 pm at 9:11 pm |
  6. Randy, San Francisco

    It's bad enough Romney hasn't paid income taxes for 10 years...now he wants lower taxes for his millionaire friends and the middle class to pay for deficit reduction.

    August 1, 2012 09:35 pm at 9:35 pm |
  7. RB

    All the poor Republican citizens are going to be crying if the Republicans get their tax plan passed. They will lose their Earned Income Credits and Child Care Credits. These credits were designed to make it worth going to work versus living off welfare. If the Republican tax plan is passed and they lose these credits, it's going to cost them more to work than stay home. These are the credits they want to cut in order to give bigger tax breaks to the rich. And, I'm going to laugh at all of them broke and living off food stamps again all to get Obama out of the white house, they will sell their souls to the millionaires. And they will deserve what they get. I'm a small business owner and make no where near enough for a tax increase under the Dems plan. The Democrat plan will actually cut my taxes as opposed to the Republican plan that will raise my taxes. My small business has about 1/2 million a year in sales, of that, I clear about $140k a year. I would have to double my business to be worried about the Democrats plan.

    August 1, 2012 09:46 pm at 9:46 pm |
  8. Wire Palladin, S. F.

    I would like to have Mittens explain how he managed to get $100 million in his IRA since the limitation is $5000 a year. It would take 2000 years for the average American. KMA Mittens.

    August 1, 2012 10:11 pm at 10:11 pm |
  9. Frank

    Romney can deny independent studies all he wants, but everyone knows he wants to cut taxes for the rich. It is the GOP "trickle down" theory, debunked many times over. If the very rich are the "job creators," where are all the jobs since 2002, when their taxes were cut by Bush?

    August 1, 2012 10:12 pm at 10:12 pm |
  10. 2020

    Ohio for Obama! Proud of the President. Bin Laden is dead, GM and American alive.

    August 1, 2012 10:33 pm at 10:33 pm |
  11. chuck weidemann

    Everyone knew already this was the case....only Romney robots have been saying otherwise.... Nobody is buying it ,the middle class and poor have always done the right thing and paid their share. Romney won't release his taxes because he pays less than the hard working average American and he would be put to shame!!!!

    August 1, 2012 10:55 pm at 10:55 pm |
  12. Harry From Pa

    See, it's evident, Romney wants the Rich to get richer and the poor to pay their way.

    August 1, 2012 11:20 pm at 11:20 pm |
  13. vic , nashville ,tn

    Romney Campaign need do more research before they push back

    Romney Campaign used similar report from same organization attack Rick Perry last November

    August 1, 2012 11:29 pm at 11:29 pm |
  14. jake

    Lets see..an in sourcing jobs all american inclusive fair minded president Obama or a secret bank account in cayman islands money hiding outsourcing jobs wealthy advocate for increased taxes on the middle class while giving tax breaks to the wealthy romney..hmmm sure seems like a no brainer to me, unless of course your a republican. This romney dude is pathetic and the polls show he's losing ground in every battleground state. Looks like Obama is on the right track to bringing back some fairness to the working class. Obama/Biden 2012...Hillary 2016.

    August 1, 2012 11:46 pm at 11:46 pm |
  15. Phil Thomas

    Obama took old Mitt to the Wood Shed, this guy is horrible. Why mess with the mortgage tax deductions. Romney has some people that are looking to pay a pretty penny to put him in office and his policies reflect this. Its also crazy to call an outfit he quoted when attacking Rick Perry and said was credible. That same outfit is now Liberal, please America can see though you like a two dollar hooker on Broadway

    August 2, 2012 12:23 am at 12:23 am |
  16. lies from obama (and mabye his father)

    This is compared to the obama plan, which drops tax rates for certian middle class familes while increasing taxes on rich people enormously. Romney's plan incorperates across-the-board tax cuts for everyone at a decreased rate, freeing the big spenders to invest in the economy and grow their buisnesses. Obama wants to close the deficit by taxing rich people, romney wants to let people spend more money and have the government spend less.

    August 2, 2012 12:58 am at 12:58 am |
  17. J.V.Hodgson

    The Romney attacks or rather his campaign staff attacks are hot air and wind.
    Whether the report is biased because one member is ex Obama admin and also one ex Bush is totally irrelevant as such.
    What matters is what they conclude economically and financially correct based on proposals/ policies out there from both sides.
    No body disputes the rich tax levels under Obama increase, and that under Romney they reduce again and he (Romney) has no plan to finance that budget defict and debt.
    Now thats worth ablog and a similar assessment fro a " republican ???' biased team"
    = who is right or capable of Passing fact checks !?
    Regards,
    Hodgson.

    August 2, 2012 12:59 am at 12:59 am |
  18. Marry

    Romney and the GOP are crafting the facts and numbers again the way they like them.
    But, they forget, there are voters that can do a little math as well!
    Romney, show some respect and transparency… show your tax returns!!

    August 2, 2012 01:20 am at 1:20 am |
  19. King

    these repubs have been peddling this notion that tax cuts will bring on an economic boom. ain't this the same words bush was saying after cutting taxes twice and we saw the slowest growth in American history. yes Reagan cut taxes, but the country didnt take off until he raised them 11 times. look at Clinton when he raised taxes, the repubs came out with all sort of fake studies and Armageddon conspiracy theories of the country's demise, yet the country grew more jobs in American history, I think it was 23 million. lesson the rich controls this country, and the rich doesn't want their taxes raised, so of course they will use the repubs to spread nonsense to the masses. Obama has given the rich ample chances to create jobs for the people who bailed them out and make them more powerful financially in any other time in history but they refused, Obama just have to do what he has to do.

    August 2, 2012 04:29 am at 4:29 am |
  20. FedUp

    Does anyone really believe if taxes are increased on the rich, that the funds will actually go towards paying down the debt? They will spend it, along with a few trillion more to increase the debt. Debt is good....as long as it is the unending money from the US taxpayer. There should be a law – if the budget isn't balanced, then the House, Senate and President don't get paid. No bennies, either. That would get them moving.

    August 2, 2012 06:26 am at 6:26 am |
  21. Marie MD

    It's simple. The twit bully bishop's solutions (not that he has said what he is going to do yet) are all for the rich.
    If you are a part of the vanishing middle class or the poor you might as well go roll yourself up in a corner and die!

    August 2, 2012 06:27 am at 6:27 am |
  22. Scott

    Well Obama continues his campaign of lies and unlawful actions , now he is telling defense contractors not to send out layoff notices 60 days in advance as required by law. Have we ever had a bigger crook then Obama in office. All signs of a campaign that is in trouble and knowing come November they are going to lose.

    Romney/Rubio 2012 for a better America.

    August 2, 2012 07:28 am at 7:28 am |