(CNN) - David Axelrod, Obama campaign senior adviser, continued to argue Mitt Romney's tax plan would cost $5 trillion, a claim that has been debunked by several fact-checking organizations, including CNN.
"What nobody disputes is that Governor Romney's proposed $5 trillion in tax cuts that would be skewed to the wealthy. What he says is, 'I'm going to offset it with $5 trillion in tax increases in the form of closed loopholes and deductions.' But he won't tell anybody what they are," Axelrod said on CNN's "Starting Point with Soledad O'Brien." "So what we know is he's got a tax cut that's going to favor the wealthy and he'll give us the details on how he's going to offset that later. And if I'm the middle class, I'm saying, 'Watch out' because we know how this ends."
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