Presidential Debate Round 2: Taxes

During the second Presidential Town Hall debate, specifically at 21:25 minutes into the session, a question was asked by Mary Polano towards governor Mitt Romney. The question asked was "You have stated that if your elected president you would plan to reduce the tax rates for all the tax brackets and that you would work with the congress to eliminate some deductions in order to make up the lost in revenue, concerning these various deductions, the mortgage deduction, the charitable deduction, the child's hacks credit, and education credits, what would be your position on those things which are important to the middle class?" Mitt Romney replied that he wishes to bring rates down, simplify the tax code, and have middle income tax payers to have lower taxes. Barack Obama respond to the question by stating that he wishes to giver lower and middle income tax payers relief and he has done that by 3,600, and 18 tax cuts towards small businesses. He says he is going to continue doing so and make upper class citizens pay more in taxes. The reason why he this hasn't gone through yet is because republicans wish to have tax breaks for upper class citizens and basically not cooperating with him.


Click Links Below To View Summarized Views On Each Candidates Tax Reform
Mitt Romney on Tax Reform
Barack Obama on Tax Reform         

On October 3, President Obama and Governor Romney had their first presidential debate. During the debate both parties told our nation what their plans and ideas were on taxes. President Obama had pointed out that Romney’s plan has been to cut taxes for the rich. Romney’s response to this was that he does not want to cut taxes for the rich, he however had made the comment that "We're going to cut taxes on everyone across the country by 20 percent, including, the top 1 percent" in a debate earlier this year. In the article below you can read a bit more about what Romney has been stating about taxes.

What Romney has to say about Taxes

In the link below you can see the entire video of the first presidential debate that took place this Wednesday, October 03, 2012. You may also see what Obama had to say about his ideas on taxes if you scroll down to the twelfth minute in the debate. 

Obama believes the economy is doing best when the middle class is doing well financially which is the reason why he has been cutting back taxes on the middle class for the past few years.

What President Obama said during the debate on Wednesday about Taxes