tax policy
TRANSCRIPT
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BARACK OBAMA
Barack Obama
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Mitt Romney
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President Obama doesn’t want to raise taxes on the
middle class, but would raise taxes on the wealthy.
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He would seek to extend the Bush-era tax cuts for those earning less than $200,000 individually and $250,000 if married.
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Mitt Romney disagreed with Obama
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Romney wants to extend the cuts for all income levels, including those above $250,000.
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Obama wants to reform the corporate tax code. This reform
would slash the corporate tax rate to
28%.
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Payroll tax extension
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Mitt Romney wants to cut taxes, with a move that would reduce the current top rate paid on income from 35% to 28%, with similar reductions across all tax brackets.
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Romney says the tax cuts will spur economic growth, and that will fill in some of the revenue
gap.
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Both candidates agree in the creation of more employments, and in helping the new businessmen in the creation of small companies, since they are the engine of the economy.
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KEVIN HORNERO
SERGI MOREIRA