Will Obama's 'Romney Hood' rap stick?
President ramps up class war re-election campaign
- Duration 6:28
- Date Aug 12, 2012
President ramps up class war re-election campaign
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-- the middle class to pay more taxes that he could give another 250000.
Dollar tax cut to people making more than three million dollars a year.
It's like Robin Hood in reverse.
It's Romney -- Welcome to The Journal Editorial Report I'm -- ago particularly contentious week in the presidential campaign including that line.
From president Barack Obama accusing Republican rival Mitt Romney -- pushing tax cuts for the rich.
Paid for by the middle class it's the latest album on the president's class war reelection -- So will it hit home with voters.
Let's ask Wall Street Journal columnist and editorial board member Mary on -- Stacy O'Grady.
Senior economics writer Steve Moore and Washington columnist -- -- so.
Steve first -- strictly factual question has Mitt Romney is he proposing to raise taxes on the middle class.
-- -- -- Well Apollo give Barack Obama some crowd and I think there -- Rodney -- line with the club -- -- -- -- proposing is he proposing Mitt Romney proposing to raise taxes on the middle class.
He is not okay so why then as a threat why then does President Obama able to claim that -- -- Because it is based on a -- study by a liberal think tank in the study is.
False and misleading and distortion area made up and other than that it's true if the fact of the matter is.
The that the Romney that's plants over the so people now.
Calls for a 20%.
Across the board reduction in income taxes whether -- like Warren Buffett or a poor worker that pays income test every -- is gonna get a cut amendment and thereof in their income taxes so this claim that the middle class will pay more.
Is is -- -- based on no facts.
All right so while why isn't the how is that how well do you think him the Romney campaign is responding to this.
Well and there's an opportunity here if they'll take -- so far there -- response has been much like Steve's saying this is that.
A liberal and -- dishonest a report in their right in that and there are temptation is going to be to say what they've said before our wages were for the middle class to.
What this actually is is -- opening to start chipping away at Obama's class warfare rhetoric by talking about what mr.
Romney is truly proposing.
Which is taxes to reform tax simplification.
He wants to get rid of deductions and loopholes and that's one of the ways in which he can lower taxes for -- what we know that that helps.
With growth we know that polls show that Americans like this idea he ought to be out there needs to be out there making that argument.
It -- what are the implications of this attack is that tax reform is it possible.
Right because you really can't make the numbers -- -- because that's what Obama's really -- that if you.
If you actually reduce rates and you -- you can't get rid of enough loopholes to make this work.
So you end up having to raise taxes on the middle class and that's how they infer that Romney is for middle class tax increase even though he's not proposing one.
Well you know -- -- so many fallacies with this study -- starting with the idea that if you cut taxes on the rich you have the exact same.
Economic outcomes that you have right now and of course we know that if you cut taxes on the rich you create greater incentives for economic activity.
People hi get hired when there's more certainty about the tax code as Tim says when it's simpler.
But you know the thing that I think Obama is.
Is doing here is he's making an emotional.
Argument to -- people.
And this is what I think Romney is missing I mean yes it's great to explain that close this loophole and bring this tax down and you know put on your green eye shades and show how the numbers add up what.
What governor Romney needs to do is he needs to get one of those.
Hundreds of thousands of Americans who have been out of work for more than two years.
And put them on television to explain how.
Bad a job President Obama has done with this economy I mean that ministry of truth is pumping out.
All kinds of figures but Romney house -- tap into the emotions of Americans who are in a lot of economic pain right now.
Steve -- -- -- something else going something else that I think he should do polished dot.
Mitt Romney should demand that Barack Obama take these ads off the -- as we speak.
Barack Obama has ads based on this false and misleading study that has been discredited by the Wall Street Journal and others as as completely misleading and yet he's running these ads over and over -- one point -- that never works -- it looks like you're not complicate this ad off the -- that never works you've got to make your own argument all your own alternative argument because they're not there's gonna say grow up and and and and I joined the big leagues there.
Good that's what -- you know so he's got to do that and make out of -- -- -- is make an amount of moral argument.
To counter Romney's I mean Obama's moral argument rather than just arguing in policy -- terms that you and I are persuaded by but the a lot of -- -- Americans aren't.
Well the other point that he should make -- for you make a fair point -- But you know the thing that history is on Mitt Romney side he should be.
Citing the fact that Jack Kennedy cut tax rates he should be talking about the Reagan tax rate cuts that Americans know worked well and by the well the way not only did they increase the economy and create jobs they also increase the percentage of taxes -- about the -- Kim can you talk to the Romney campaign a lot do they concede that these attacks are working.
No they don't necessarily mean they're they're out there they're trying to make their contrasts.
In and argued that.
That that the president has just done such a bad job and and that's what they're.
Depending on in the selection that's what they're hoping for is it this simply his record will be too much for him to overcome.
But I think one of the arguments going back to what Mary said is that they need to be pointing out.
In addition that that not only are a lot of Americans hurting out there.
But you know that the person -- most likely to raise taxes on the middle class.
There's no way he can continue spending in -- -- he's done.
Without having to take a whack at every one in America and the end of the levels of spending just won't support it great point cam would seem to be politics 101 which may elude them up embossed.