Obama: Ryan Medicare plan is designed to help Romney pay lower taxes

Obama: Ryan Medicare plan is designed to help Romney pay lower taxes

Windham : NH : USA | Aug 19, 2012 at 12:54 AM PDT
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President Barack Obama slammed Paul Ryan’s Medicare plans saying that it would allow Mitt Romney to pay less than 1 percent in taxes each year. He accused the GOP presumptive nominee to have chosen a running mate whose budget plan would benefit no one but Romney, himself.

While campaigning in Windham, New Hampshire, on Saturday, the president said that the new Medicare plans put forward by the House Budget Committee Chairman and the vice presidential nominee, Paul Ryan are designed to benefit Mitt Romney. Continuing his claims, as he took his campaign to Rochester, the President said, "That's a pretty good deal, just paying one percent in taxes; you're making millions of dollars."

"Here's the kicker: he expects you to pick up the tab. Governor Romney's tax plan would actually raise taxes on middle class families with children by an average of $2,000. Not to reduce the deficit, or grow jobs, or invest in education ­but to give another tax cut to people like him," Obama said according to a report by ABC News.

Obama has based his charge over a roll call earlier this month over Ryan’s budget that would eliminate taxes on capital gains, dividends and interest, which are considered to be the biggest source of Romney’s income, while raising the effective tax rate on people with lower incomes.

"Ask Governor Romney and his running mate, when they're here in New Hampshire on Monday - they're going to be coming here on Monday - ask them if they think that's fair. Ask them how it'll grow the economy, or strengthen the middle-class. They have tried to sell us this trickle-down snake oil before. It didn't work then and it won't work now," he said.

On the other hand, Romney and Ryan say that Obama’s claims are not showing the true picture. He’s distorting the facts and presenting them in an unfavorable manner. Romney said he is against eliminating capital tax gains for upper income earners and Ryan’s revised budget for 2012 does include taxes on capital gains.

Romney’s campaign spokesman, Ryan Williams said that the latest claims are a part of Obama’s new false attacks when actually, “The Romney-Ryan Plan eliminates taxes for the middle class on interest, dividends and capital gains and implements pro-growth policies to deliver more jobs and more take-home pay for middle-class families."

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Paul Ryan
Paul Ryan and his mother Betty Douglas in Florida - Reuters
Wendy Zachary is based in Texas, Texas, United States of America, and is a Reporter on Allvoices.
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  • Paul Ryan and his mother Betty Douglas in Florida - Reuters 

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