Ahead of the second presidential debate, former President Bill Clinton hit out at Mitt Romney’s proposed tax overhaul in the latest Obama campaign video which was released on Tuesday.
Clinton says that the GOP candidate’s tax cut proposal only adds up to $5 trillion, which will only add to the national debt unless accompanied by massive budget cuts or the elimination of tax deductions.
"In the first debate," Clinton says in the video, "Governor Romney said that he wasn't really going to cut taxes on upper-income people -- he only wanted to cut taxes for middle-class people. That's not true."
In a statement accompanying the video, the Obama campaign says: "President Clinton explains Mitt Romney's $5 trillion tax cut and how middle-class families with children will get an average tax increase of $2,000 to pay for $250,000 in tax cuts for multimillionaires."
During the Democratic National Convention, the former president delivered a similar message, where he criticized the former Massachusetts governor's tax reform agenda.
Read More: Hillary Clinton is the big winner after powerful Bill Clinton speech
Responding to the Clinton video, Romney spokeswoman Amanda Henneberg said:
"They are trying to hide the fact that President Obama is the only candidate running on a plan to increase taxes. In tonight's debate, the choice on taxes will be clear. President Obama wants to raise taxes on small businesses and job creators, which will make our recovery even more difficult. Mitt Romney will lower tax rates across the board, make our businesses more competitive, and bring a real recovery to the American people."
Obama and Romney went head to head last night at Hofstra University in New York in the penultimate presidential debate.
President Clinton Explains Mitt Romney's $5 Trillion Tax Cut
12 Comments
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Switch to the desktop site to post a comment.EphraimKibbey | Oct 19, 2012, 09:48 PM EDT
And I thought that the right had adopted Bill. Weren't Mitt and the boys just referring to him as a font of Presidential wisdom a few news cycles ago. Aren't they always trying to put distance between him and Obama? You give one little speech and see how quickly they turn on you!
seanomelb | Oct 19, 2012, 06:47 PM EDT
I find it amusing that the rancor from the right castigating the most popular ex politician in the USA. A recent poll proved if he could stand for the presidency he would win in a landslide. Weep you small minded little teabaggers.
Searlit | Oct 18, 2012, 01:08 PM EDT
Now matter what you think of him, Bill Clinton knows economics. He's a Rhodes Scholar who majored in Economics.
ceceann | Oct 18, 2012, 12:15 AM EDT
Slick Willlie is at it again. Talking about taxes to take the heat off his wife's and the White House failure to keep our Embassy employees safe. Don't let anyone discuss that because they are still looking into it. Any bets about when anything comes out of that investigation? When my income goes up, my taxes go up. End of story.
paddyo | Oct 17, 2012, 09:14 PM EDT
Would you let your daughter or wife near this man? He is a Liar and a cheat, as is the current occupent of the White house. I can't wait to see Monica Lewinski publish her promised book about him loving threesomes and saying that Hillary is a cold fish. As an impeached president, why would anybody want him as a spokesman unless they are cut from the same cloth
seanomelb | Oct 17, 2012, 06:13 PM EDT
Maths over etch and sketch any day of the week. The teabaggers are running scared.
PiperMac52 | Oct 17, 2012, 06:01 PM EDT
Slick Willie is shilling for Obama because of his wife. He is on record moths ago on a talk show offhandedly praising Romney and his ideas. He is also captured on audio during Hillary's last campaign stating that Obama wouldn't have even been considered to carry his luggage just a few years ago.
miltonedunn | Oct 17, 2012, 04:52 PM EDT
Another guy headed for the sainthood
merefalow | Oct 17, 2012, 03:14 PM EDT
these s.o.b.have all the answers now dont they.where were they when all these swindlers and bankersters were ripping people off and creating debt mountains housing bubbles,etc etc,and why has not one been called to account or held resposible
Eschetic | Oct 17, 2012, 12:45 PM EDT
of course, President Clinton is only saying what anyone who actually ran the numbers already knew, but in the subject of tax cuts (mostly illusory except for the super rich), Romney tossed out a sly hook to try and hold onto his temporary lead in Florida in the second debate last night. With a large percentage of retirees in the state living on interest and dividend retirement income, and threatened by or suffering under most of Romney's ill considered proposals, th tossed out the proposal that no one with an income of under $250,000 should have to be taxed on that income or dividend income! MOST of the rest of the country, I'm sure merely heard that $250,000 figure and wrote it off as "one more gift for the rich guys," but retirees in Florida may have heard something else. It was craven but cagey. I've never heard a political candidate SAY that his opponent had a good idea, but if the President wants to nail down Florida (and consequently the election), I'd love to hear him say IN FLORIDA that on this ONE point, Romney had a good idea and that if Florida helps by giving him a Congress he can work with (seeing how Republicans have savaged Romneycare now that it's called Obamacare) AS PRESIDENT he would get it enacted.
aloistmartin | Oct 17, 2012, 12:22 PM EDT
Too Huntington Beach with Mitt Romney`s Tax Plan; I`m not spending another dime to keep Bill Clinton In The News !
porkheaven | Oct 17, 2012, 11:41 AM EDT
If Clinton is slamming Romney's tax cut proposals they must good.