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Romney: Don't Expect Big Tax Cuts

He targets deficit as Obama pushes 'economic patriotism'

By Rob Quinn,  Newser Staff

Posted Sep 27, 2012 3:25 AM CDT

(Newser) – With the first presidential debate just days away, Mitt Romney is taking aim at the deficit, an issue even more important than job creation to independent voters, according to a Wall Street Journal poll. He told voters at a rally in Ohio yesterday that despite his tax-cutting plans, they shouldn't "be expecting a huge cut in taxes because I'm also going to lower deductions and exemptions." Romney plans to cut all income tax rates by 20% and lower the corporate tax rate to to 25% from 35%, but his staffers describe the plan as a tax reform, not a tax cut, and argue that it will not significantly increase the deficit.

  • President Obama, meanwhile, is pushing "economic patriotism" ahead of the debate, the AP reports. In a new ad airing in seven battleground states, the president outlines an economic plan he says will create a million new manufacturing jobs.
  • Some conservative Mormons are doing their own debate preparation, according to an email obtained by BuzzFeed. The email—not officially sanctioned by the church—is circulating in at least four states and urges Mormons to fast and pray for Romney for 24 hours to ensure he will be blessed in the debates, which start Wednesday.
  • In the debates, Romney needs to be assertive and "draw a sharp contrast between a Romney recovery and Obama stagnation," Newt Gingrich tells Politico. "If he is as assertive and direct with Obama as he was with me in the two Florida debates, he’ll be fine," Gingrich says. "He's got to go in there, not be hostile but be assertive, clear, and direct, and not back off."

Mitt Romney speaks to supporters at The Seagate Center in Toledo, Ohio, yesterday.
Mitt Romney speaks to supporters at The Seagate Center in Toledo, Ohio, yesterday.   (AP Photo/Rick Osentoski)
Mitt Romney speaks to supporters at The Seagate Center in Toledo, Ohio, yesterday.
Mitt Romney speaks to supporters at The Seagate Center in Toledo, Ohio, yesterday.   (AP Photo/Rick Osentoski)
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COMMENTS
Showing 3 of 130 comments
Caps
Sep 27, 2012 5:36 PM CDT
Old Mitt has the same shitty smirk on his face that "Old Smirk Bush" has.  He is one corrupt POS.
OuttaHere
Sep 27, 2012 5:13 PM CDT
Tomorrow he will have flipped to raising taxes but he'll call it harvesting.
FLGator
Sep 27, 2012 4:47 PM CDT
You ladies are more hysterical than usual.  There isn't enough Prozac to calm you down.  Try suking on a 45 and put yourselves out of your miserable lives.  Thank you.  Thank you very much.
 

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