Obama campaign pushes Romney, Ryan on loopholes
September 10th, 2012
12:38 PM ET
2 years ago

Obama campaign pushes Romney, Ryan on loopholes

(CNN) – President Barack Obama's re-election campaign on Monday released a new web video attacking the GOP presidential ticket for being "evasive."

The Obama web video opens up with text on the screen: "Mitt Romney and Paul Ryan won't answer the most basic questions on their tax plan."

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It then shows footage from Sunday morning news shows, when Romney and Ryan were pressed about which specific loopholes they would cut in their tax plan.

On CBS's "Face the Nation," however, Ryan did not name any specifics.

"It's not what loopholes are out there, but who gets them," he said. "And we're saying by not having higher-income earners utilize these tax shelters, we can lower tax rates on everybody, because they pay more of their income to taxation."

Ryan said he and Romney would decide on the loopholes by having "a debate out in front" and "work with Congress, work with the public, to find out what are the priorities."

Romney's tax plan calls for 20% cuts to current Bush-era income tax rates. He would also eliminate the Alternative Minimum Tax. Democrats, however, point to a Tax Policy Center report released in August that determined Romney's plan would provide large tax cuts to the wealthiest Americans while increasing the tax burden on the lower and middle classes.

Meanwhile, Romney was also asked to name specific loopholes and deductions in his interview with NBC's "Meet the Press."

"Well, I can tell you that people at the high end, high income taxpayers, are going to have fewer deductions and exemptions. Those– those numbers are going to come down," Romney said.

Responding to the video, Romney's campaign argued President Barack Obama's proposal to raise taxes on households making at least $250,000 per year would hurt some small business owners.

"This is the last thing we should do if we want to get our economy moving in the right direction," Romney spokeswoman Amanda Henneberg said in a statement. "Mitt Romney and Paul Ryan have a five point plan for a stronger middle class, with detailed policies on tax reform, trade, energy, regulatory reform, and spending that will grow our economy and create 12 million jobs."


Filed under: 2012 • Mitt Romney • Paul Ryan • President Obama • Taxes
soundoff (40 Responses)
  1. HOLY TIGHTY WHITIES WILLARD

    On Meet the Press yesterday, David Gregory asked Willard specifically what loopholes and deductions will he close and he couldn't give him one. This guy jumps all around the question and his been doing so ever since the republican primary.

    September 10, 2012 12:50 pm at 12:50 pm |
  2. Dean

    It's not Obama's tax plan...that's good enough for me.

    September 10, 2012 12:56 pm at 12:56 pm |
  3. Common Cents

    "Mitt Romney and Paul Ryan have a five point plan for a stronger middle class, with detailed policies on tax reform, trade, energy, regulatory reform, and spending that will grow our economy and create 12 million jobs."

    Umm, you're not allowed to say that without providing the details. What do you think you're being asked for? More rhetoric? That's all this campaign has: lies and rhetoric...not an ounce of policy.

    September 10, 2012 12:58 pm at 12:58 pm |
  4. anonoymous

    What do you except when he wont release his own taxes? Maybe if we saw Romney's taxes we could see what loopholes he uses where he hasnt paid less than 13% Whatever this secret plan is I have a feeling Im not gonna like it one bit! OBAMA 2012 the ony sane choice!

    September 10, 2012 12:59 pm at 12:59 pm |
  5. incredulous

    So where are the details? The only job these two men have right now is campaigning full time, doesn't that give them enough time to start explaining things? Romney has been running for years and we still don't know what he would do. I'm not sure he does either.

    September 10, 2012 01:04 pm at 1:04 pm |
  6. Woman In California

    This morning on Chris Jansen [sp] she had Tara Wall, (a so-called republican strategist), on the show and Chris asked her repeatedly what loopholes they were going to close. Tara became increasingly frustrated and even angry because she couldn't answer the question, which none of them, including Willard and his sidekick will do (intentionally) and out of ignorance, because they know, IF they do, his campaign is over. Specifics is something they never want us to know but I am still demanding those answers and well as his disclosure of his tax returns. Neither of these issues is going away and they might as well get used to it.

    September 10, 2012 01:07 pm at 1:07 pm |
  7. Khaleeshi

    Keep pushing Mr. President. Willard gets all twitchy, talks really fast, and seems breathless when he's scared.

    Obama/Biden 2012

    September 10, 2012 01:14 pm at 1:14 pm |
  8. S.B. Stein E.B. NJ

    If there were specifics, that would be reasonable. To me, that would show that he looked at the reports and budgets. I just don't think that he has. I would hope that the captial gains be counted as income again so that it can be taxed like it. There are the wealthy that are making more money because of investments that are paying less than other people because it is all capital gains. Income should be income no matter the source.

    September 10, 2012 01:16 pm at 1:16 pm |
  9. Dan5404

    The R & R plan is much like the R & R plan the congressional gop Reps have taken for the last 4 years, do nothing. They won't answer the tax loopholes questions because they plan to do very little that might cost their rich friends some of their huge profits.

    September 10, 2012 01:21 pm at 1:21 pm |
  10. ghostriter

    Republicans have already said that they are avoiding specifics. Because giving specifics would give the media something to pounce on.

    Now what kinda sense does that make? That has to be the silliest reason I have heard to date. Sorry guys, we need details. Mostly because you are asking for our vote and all. But also to determine if what you say can work. Specifically, what loopholes will you get rid of?

    My guess is that they will choose some loopholes eventually. Then, they will be pressed when those loopholes are found to be used by the middle class. Then he will make it progressive. And we will be in the exact same boat we are in now.

    In the land of the blind leading the blind, the one eyed man is king.

    September 10, 2012 01:21 pm at 1:21 pm |
  11. somebody

    We the People also need to press the Ryan/Romney team on specifically what items they plan to cut. They talk a lot about cutting spending but NEVER identify exactly what they will cut. Saying they will make cuts to discretionary non-defense spending isn't specific and doesn't even come close to balancing the budget. Big tax cuts for high earners makes the problem even worse. Do the math!

    Release your tax returns Mitt.

    September 10, 2012 01:25 pm at 1:25 pm |
  12. truth hurts

    does obama have any plans and specifics? i mean besides the guaranteed record unemployment, guaranteed record deficits and guaranteed record debt? i mean we were sold hope and change in 2008 and here was are with no hope and change for the worse. all obama says now is forward. to where? over the cliff and into the fiscal abyss? forward to greece and spain?? seriously america, wake up before it is too late.

    September 10, 2012 01:26 pm at 1:26 pm |
  13. John

    The CBO puts the Ryan price tag on reducing the max federal income tax rate from 35 to 25% at 5 trillion $ per year without eliminating current deductions, and so far Ryan is unwilling (or unable) to detail which deductions will be cut.....In his debate with Biden, he had better be ready to define where these 5 trillion in cuts will come from or he will be toast....the people will not stand for this huge increase in the deficit.

    September 10, 2012 01:29 pm at 1:29 pm |
  14. FedUp

    Haven't heard anything from Obama either.

    September 10, 2012 01:29 pm at 1:29 pm |
  15. Boo

    Robme/Ryan have not given ONE DETAIL on how they will "create" jobs. And as far as Ryan being a "fiscal conservative," this is the same guy that VOTED FOR TWO UNFUNDED WARS, the UNFUNDED MEDICARE DRUG PLAN and the BUSH TAX CUTS. "Fiscal conservative???????" Really?

    September 10, 2012 01:31 pm at 1:31 pm |
  16. Al-NY,NY

    all the GOP can do is say "we'll do this. We'll do that" with NO specifics whatsoever. Actually forget specifics..even the most minor details are kept hidden. And he thinks people who think for themselves will vote for these two frauds?? BTW Flip, you still owe 2010 returns(?).....you know the one you filed for an extension? Have your creative accountants gotten thru them yet to hide all the embarrassing details?

    September 10, 2012 01:34 pm at 1:34 pm |
  17. simp

    Tara Walls is just about as dumb as the romney bunch. she is always running her mouth but a lot of times she gets flustered when she cannot answer a geninue question.

    September 10, 2012 01:34 pm at 1:34 pm |
  18. Kr55

    Closing loopholes sounds like one of those things that sounds nice now, but they will hope everyone just forgets about it after the election. That will work too. Closing loopholes is too abstract an idea for the majority of American's to understand what it would actually mean or look like.

    September 10, 2012 01:35 pm at 1:35 pm |
  19. Anonymous

    @S.B. Stein E.B. NJ

    If there were specifics, that would be reasonable. To me, that would show that he looked at the reports and budgets. I just don't think that he has. I would hope that the captial gains be counted as income again so that it can be taxed like it. There are the wealthy that are making more money because of investments that are paying less than other people because it is all capital gains. Income should be income no matter the source.
    -----------–
    I agree.

    September 10, 2012 01:35 pm at 1:35 pm |
  20. California Gary

    Even if you take Romney at his word that the rich will have their tax rate reduced but their loopholes and deductions reduced to offset it (meaning they will continue to pay the same rate according to Mitt), and the middle class will actually see a reduction in their tax bill........he will then have less revenue coming in........so how is he going to spend trillions more on defense and still reduce the deficit? Voodoo economics doesn't even begin to describe his plan. How can anyone take this guy seriously?

    September 10, 2012 01:36 pm at 1:36 pm |
  21. Nice pivot - now can you answer the question?

    Dean

    It's not Obama's tax plan...that's good enough for me.

    ************************************

    There's the problem in a nutshell – low info voters who will just vote against anything, rahter than looking at what they're voting FOR.

    September 10, 2012 01:37 pm at 1:37 pm |
  22. Jack

    Alexithymic Mitt and radical Ryan's favorite TV show? I'VE GOT A SECRET (re-runs).

    September 10, 2012 01:38 pm at 1:38 pm |
  23. myviewis

    I read president Obama and Michelle used a tax loophole themselves. I read they gave each of their daughters a $12,000 gift and under a federal tax code he and Michelle didn't have to pay taxes on this money because it was considered a donation to their daughters, they used a tax shelter. I also read he and Michelle took a series of deductions and lowered their tax payment by 10%.

    If the article I read is correct and President Obama and Michelle used a loophole in the law then I would say Obama is a hypocrite.

    September 10, 2012 01:44 pm at 1:44 pm |
  24. They ought to change from the elephant to the hippo...

    These Republicans need to get a CLUE before they can have a PLAN. I wouldn't hold my breath regarding either...

    September 10, 2012 01:45 pm at 1:45 pm |
  25. normajean @ verizon ,com

    We've heard for months that Romney and Ryan have great plans but as everyone is saying ....NO SPECIFICS.....the problem is they spend so much time criticizing the president and what he is or isn't doing that they haven't had time to figure out what they want to do......They just talk and talk and say basically nothing...You can tell by the looks on their faces that they aren't even listening to themselves...they're too busy grinning stupidly at the people around them .This is a pair from whom I wouldn't buy any thing they were selling!!!!

    September 10, 2012 01:50 pm at 1:50 pm |
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