Romney: Obama tax proposal would kill jobs
Chandler, Arizona (CNN) – Mitt Romney charged Wednesday that President Obama’s new corporate tax proposal would kill jobs, and instead offered some details of his own plan to address the nation’s tax code. “The president would take us in one direction, I’ll take us in a different one,” Romney told an audience of several hundred in Chandler, Arizona, as the GOP candidate attempted to regain his momentum by emphasizing his economic credentials. CNN LIVE: Tune in Wednesday at 8 p.m. ET for the last presidential debate before Super Tuesday, the CNN/Arizona Republican Party Debate hosted by John King. Follow it on Twitter at #CNNDebate and on Facebook at CNN Politics. For real-time coverage of the Arizona and Michigan primaries, go to CNNPolitics.com or to the CNN apps or CNN mobile web site . – Follow the Ticker on Twitter: @PoliticalTicker “He’s proposing today a corporate tax plan which I understand sounds like he’s lowering taxes but he’s raising taxes – raising taxes on businesses by hundreds of billions of dollars,” Romney said. “Raising taxes will kill jobs. My plan will create jobs. That’s the difference between the two of us.” Romney said he would lower individual tax rates on all Americans by 20% but would limit the deductions and exemptions people could claim on their taxes. The GOP candidate said those limitations would apply particularly to taxpayers earning high incomes “so that we make sure the top 1% keeps paying the current share they’re paying or more.” “We want middle-income Americans to be the place we focus our help, because it’s middle-income Americans that have been hurt by this Obama economy,” Romney said. The former Massachusetts governor will release the full scope of his economic plan Friday, in a speech to the Detroit Economic Club. The speech, which Romney has mentioned in public appearances since Tuesday, comes days before Michigan’s crucial primary Feb. 28. Romney has signaled his plan will include cuts to federal spending and an approach to overhauling entitlement programs such as Medicare and Social Security. He did not offer specifics on Wednesday. The four GOP presidential hopefuls will meet on stage Wednesday evening for a CNN debate. Also see: Graham clarifies remarks on Obama’s faith New Poll: All knotted up in Michigan Support from men and evangelicals boosts Santorum nationally The Detroit News endorses Romney
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Romney: Obama tax proposal would kill jobs