Mitt Romney has "proposed cutting his own taxes while raising them on 18 million working families."
President Barack Obama says Mitt Romney is the anti-Robin Hood.
In a campaign speech in Columbus, Ohio, on May 5, 2012, Obama said the Romney's economic plan would raise taxes for millions of low-income Americans while cutting them for the wealthy. Obama told the crowd that Romney "doesn’t seem to understand" that helping the rich doesn’t automatically trickle down to benefit the poor.
"Why else would he want to spend trillions more on tax cuts for the wealthiest Americans? Why else would he propose cutting his own taxes while raising them on 18 million working families?" Obama said.
Romney's tax plan, unveiled in February, includes a repeal of the estate tax, a decrease in the corporate tax rate and a 20 percent across-the-board rate cut for all personal income tax brackets. So how is it that some people’s taxes would actually increase under his plan? We decided to check it out.