In the first debate in Denver, Mitt Romney protested that his tax plan would be both revenue-neutral and will also not reduce the “share” of taxes the rich pay without raising taxes on the middle class. No economic study has shown that is possible.
In this new video from the Obama campaign, former President Clinton—the “Secretary of Explaining S[tuff]”—explains how Mitt Romney will most certainly cut the amount of taxes the rich pay by using his own tax situation as an example.
The fact is, Mitt Romney is proposing a tax cut of $250,000 for people earning over $3 million a year. This is on top of the Bush tax cuts. It’s more of the exact same trickle-down economics that Clinton says “hasn’t worked.” Romney knows that, which is why he’s hiding what his plan actually does with deceptive language and by acting offended when President Obama tries to explain what it actually does.
Again, the former president is proving to be huge asset against a Republican candidate whose greatest fear is having his “stuff” explained.
Copyright 2012 The National Memo