October 4th, 2012
08:25 PM ET

Romney promises not to raise taxes on the middle class; does it add up?

During the last night's presidential debate, Republican challenger Mitt Romney scored political points with CNN's undecided voters debate when he defended his tax plan.

"I will not under any circumstances raise taxes on middle-income families. I will lower taxes on middle-income families. Now, you cite a study. There are six other studies that looked at the study you describe and say it's completely wrong," Romney said, rebutting Obama.

Could this be a winning issue for Romney?

OutFront tonight: Doug Holtz-Eakin former McCain economic adviser for 2008 Campaign and Ethan Pollack former staff member for President Obama’s National Commission on Fiscal Responsibility and Reform.

Romney's pledge: No tax cut for the rich

The first debate between President Obama and Mitt Romney was a fire hose of fiscal issues that nonetheless left many questions unresolved.

Romney did try to answer one unequivocally: He said he will not cut taxes for the rich.

"I will not reduce the share paid by high-income individuals," Romney said. A few breaths later: "All right? I will not reduce the taxes paid by high-income Americans."

But how he'll keep that promise is still not clear.

The issue of how much the rich pay in taxes is a touchy one for Romney. He is one of the richest people ever to seek the job of president, and his own taxes have been fodder for Obama and his proxies for months now.


soundoff (One Response)
  1. John Miller

    Erin Burnett,

    Your recent interview with Stephaney Cutter was excellent. You stated that CNN studies showed the “5 trillion dollar tax increase” that Stephaney and other Dems say Romney would have to make was not anywhere near 5 trillion. You really shook her up. One of her responses was that “well, it will be at least 1 trillion.” To have Stephanie to go from 5 trillion to 1 after her original statement completely destroyed any credibility in that statement as well as in her.

    With all the conflicting statements from politicians it is truly a public service to have people like you do objective fact checking so the public can know the truth. This is a non-partisan comment. Dishonest and misleading statements like Ms Cutter’s are absolutely unacceptable regardless of party affiliation. Keep up the good work objectively reporting the new, you are an exceptional journalist.

    John Miller

    October 5, 2012 at 5:08 pm | Reply

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