CNN Fact Check: The $2,000 question
September 6th, 2012
07:11 AM ET
2 years ago

CNN Fact Check: The $2,000 question

(CNN) - Elizabeth Warren, the White House consumer-protection adviser now running for a U.S. Senate seat from Massachusetts, ripped into the tax plan put out by Mitt Romney, the state's former governor, at the Democratic National Convention on Wednesday night.

"He wants to give tax cuts to millionaires and billionaires," said Warren, a former Harvard law professor who served as the Senate watchdog over the 2008 bank bailout. "But for middle-class families who are hanging on by their fingernails? His plans will hammer them with a new tax hike of up to $2,000."

That's a lot of money to average folks, so let's take a closer look.

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soundoff (14 Responses)
  1. tommariner

    Yeah, let's kill those job creating companies by taxing them to death. So we can create jobs - No really!

    September 6, 2012 07:30 am at 7:30 am |
  2. Joseph Devine

    Mitt is not fit to be dogcatcher ! He is an illegal alien from Orions belt ! Lol

    September 6, 2012 08:07 am at 8:07 am |
  3. c. j.

    Of course hes willing to force us to pay that money! So long as he can hide his. He is a outstanding example of what hypocrisy looks like. What does hypocrisy look like?? Romneys what hypocrisy looks like!!

    September 6, 2012 08:21 am at 8:21 am |
  4. Sarah Carruth

    Dems promise us the moon, say we deserve this & that, but No One says how we are going to pay for it w/ 16 T debt.
    No One mentioned Michelle & Obama burning the flag as protesters. Her speech sounded just like Mitt Romney's.
    On One mentioned the girl Ted Kennedy killed. Have we forgotten?
    No One mentioned Monica when Bill Clintion, an embarrassment to the Presidency gave his speech, have we forgotten?
    Or does the press give these people a pass?
    What about Obama's college papers being sealed? What has he got to hide?? His plan to take over America, first thru
    health care, then with gov't so big it control us instead of us controlling gov't??
    Health care Is NOT the role of gov't. Securing our borders is the role of gov't. Why should I have to pay for everyone
    else's contraceptives??? Who pays?? The middle class Who raised the debt by 16 T.

    September 6, 2012 08:29 am at 8:29 am |
  5. Bill

    It's really a shame we have to have fact checks on our politicians.... from both sides. We the people take the busy time out of our day to listen to the candidates, and I don't think it is too much to ask for a little candor and honesty. Unfortunately, they twist the facts to mislead us.... Clinton mentioned how low healthcare sending has been for the last two years and attributed it to the Affordable Healthcare Act, but analysts have said healthcare spending is down because the economy has been so lousy the last couple years, that out of work people can't afford to go to the doctor. So they spread cynicism and confusion instead of confidence and hope.

    September 6, 2012 08:29 am at 8:29 am |
  6. GI Joe

    The woman knows her arithmetic – you can count on that. No funny math, voodoo, or trickle about it.

    September 6, 2012 08:41 am at 8:41 am |
  7. Embarassed to be a Democrat

    This lying by my own party has got to stop! If we bash the republicans for lies, can't we at least stop ourselves from these gross exaggerations? What's the point of trying to point out differences if we only lie our way through it?

    September 6, 2012 08:54 am at 8:54 am |
  8. jesse james. take them to street and shoot them like the dogs they are

    Rommney hood. Release the tax returns.

    September 6, 2012 09:04 am at 9:04 am |
  9. enuff

    If anyone knows her arithmetic, it's Elizabeth Warren.

    September 6, 2012 10:13 am at 10:13 am |
  10. Four and The Door

    Elizabeth Warren came off as one of the most partisan political hacks I have ever heard last night. I was expecting to hear more of an ideological argument and instead it was the same old debunked political attacks based on misinformation and fallacy that we might get from the President's Press Secretary. I thought this woman was supposed to be intelligent. She showed nothing to support that last night.

    September 6, 2012 10:15 am at 10:15 am |
  11. Rudy NYC

    "Romney wants to cut today's income-tax rates, which date back to the Bush administration's tax cuts of 2001 and 2003, by 20% and eliminate the alternative minimum tax on high earners."
    ---------------–
    That is absolutely appalling. Talk about class warfare. Romney wants the plutocrats to reap the benefits of taxpayer investments in roads, bridges, public utilities, police and fire protection, etc, but not require them to pay their fair share. Or in Mitt Romney's case, not pay anything if he gets his way and eliminates the captial gains tax.

    September 6, 2012 10:21 am at 10:21 am |
  12. Taylor

    She needs to take some classes on public speaking. For all her academic success she was terrible last night.

    September 6, 2012 10:30 am at 10:30 am |
  13. S.B. Stein E.B. NJ

    I think part of the issue is that Romney's tax plans are unsustainable because they are nothing but a tax cut for the upper incomes. I haven't heard a way for these tax cuts to be paid for; closing the loopholes which haven't been identified aren't going to be enough.

    September 6, 2012 10:40 am at 10:40 am |
  14. Rudy NYC

    I recall when this study first released its' conclusions Paul Ryan said that his budget would not raise taxes on the middle class, but that he also had not "run the numbers" on his budget yet. That's so Republican.

    September 6, 2012 10:41 am at 10:41 am |