From JFK To Bush, Treasury Swelled After Tax Cuts

[Geee]

Investors Business Daily:

President Obama warned that GOP hopeful Mitt Romney's proposed income-tax cuts will "cost" the government revenue and repeat Bush policies that he says blew up the deficit.

 

 

"The centerpiece of his economic plan are tax cuts," Obama said at Tuesday's presidential debate in New York. "That's what took us from surplus to deficit."

 

He called Romney's tax plan "sketchy," because it promises to raise revenues while slashing personal tax rates from top to bottom. His debate sparring partner, Democratic Sen. John Kerry, went further, calling it a "fraud."

 

 

The Obama camp has strenuously opposed Romney's pro-growth strategy, arguing that tax breaks, especially for the wealthy, "rob" programs for the middle class and poor because they don't raise revenues and don't "pay for themselves."