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Obama Misrepresenting Romney’s Tax Plan

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  • Description

    FBN’s Stuart Varney sounds off on the president’s concept of money and wealth.

  • Duration 2:16
  • Date

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-- -- -- with a direct quote from the president Mitt Romney would quotes.

Ask the middle class to pay more in taxes so the rich could be given.

-- money.

His my take on -- one crucial sentence it speaks volumes about mr.

Obama's concept of money point -- Mitt Romney's plan does not increase taxes on the middle class it is the exact opposite he would caught everyone's tax rate 20% so.

Why did the president so mislead.

Turns out he took us study from a leftist group that of course twisted the Romney plan.

The left thinks that you must raise taxes to cut the deficit so -- wrongly must be fought taxing the middle class nonsense that is misleading.

And it's dangerous.

Point two.

The president said a tax cut gives.

Money to the rich.

In his world view it's all our money and we in government will decide what you are allowed to keep.

He is a collective -- you didn't build that.

So pay up.

I have used the word dangerous and I made it the United States is big greatest capitalist private enterprise economy in the world -- -- there is great -- yeah.

In putting it into the hands of a collective -- the danger is recession did vision and the end of that wonderful American dream.

Any comment still a Democrat and.

I'm still a Democrat but to me the bottom line is neither side is getting real about the debt the deficit economic growth.

And the like and -- I disagree.

All I disagree -- I don't think you get real about the deficit by cutting tax rates and eliminating deductions and loopholes that is a serious plan and if governor Romney had signed on to.

Bowles Simpson.

And there was a willingness among the Republicans to 86 Grover Norquist have have some revenue increases as part of that plan I'd be fine.

You're a clinical -- -- all of a sudden you know I said get rid of well what he's doing is is a cancer on the system in the same with the Democrats are cancer on the system with not reforming.

In entitlements it's gotta be bipartisan have -- -- -- last woods I was -- -- is only half right.

Yeah zeppelin it's the right right.

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