Obama Criticizes Romney's Tax Plan

Obama says Romney and Ryan are practicing bad math instead of bold leadership

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    NEWSLETTERS

    President Barack Obama campaigns in West Palm Beach and criticizes GOP nominee Mitt Romney's tax plan.

    President Barack Obama was in West Palm Beach Sunday afternoon and spoke about the different visions of the Republican and Democratic parties.

    He told a packed house at the Palm Beach County Convention Center that voters have a choice between "two fundamentally different visions of our future."

    Obama Criticizes Romney's Tax Plan: AP

    [MI] Obama Criticizes Romney's Tax Plan: AP
    President Barack Obama spoke in West Palm Beach Sunday about the difference in the visions of the Republican and Democratic parties.

    "We want to restore the basic bargain that built the largest middle class and the strongest economy the world has ever known," he said.

    That same bargain, he told supporters, enabled his family to have extraordinary opportunities.

    The Commander in Chief also spoke about the economy over the past ten years, a decade he said culminated in the "worst financial crisis since the great depression."

    "We spent the last three and a half years trying to recover from all the damage that was done," he said. "And we've made progress but not enough. We've got more to do."

    He continued to say that same damage wouldn't be fixed by Republican candidate Mitt Romney.

    "Whatever is wrong with you, they think that tax cuts, especially for folks at the top, will cure all ills," he said.

    Obama also wasted no time drawing a line in the sand between both parties.

    "It's the clearest choice we've seen in a generation, not just between two candidates or two parties, but a choice between two fundamentally different visions of America's future," Obama said.

    Obama was also in Melbourne on Sunday, where he continued criticizing Romney and running mate Paul Ryan for their tax plan.

    He said the duo get a failing grade on explaining how they'd pay for trillions of dollars in tax cuts.

    The two Republicans were asked separately on different Sunday morning talk shows what loopholes they'd close to pay for their tax proposal but neither was willing to give specifics.

    Obama says that's like saying two plus one equals five. Obama says Romney and Ryan are practicing bad math instead of bold leadership.

    Obama Talks Jobs in St. Petersburg: AP

    Romney says he won't raise taxes on the middle class but will close unspecified loopholes enjoyed mostly by the wealthy to pay for lower tax rates for everyone.

    Romney also brought up the dismal jobs numbers reported last week in an interview with NBC's David Gregory on "Meet the Press."

    "And this last month, what was surprising was not only the anemic job growth, but that 3 or 4 times as many people dropped out of the labor force. This is really a sign that people are having a hard time looking for work," Romney said.

    He also told Gregory that Obama and his own party were in the wrong when they agreed to make cuts to defense spending in exchange for an agreement to raise the debt ceiling.

    "Big mistake. I thought it was a mistake on the part of the White House and for Republicans to go along with it," Romney said.

    Campaigning along Florida's space coast, Obama also highlighted NASA's recent Mars landing. He praised what he called "a new era of American exploration."

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