GOP tops Obama with another huge fundraising haul
‘It’s like Robin Hood in reverse,’ Obama told a crowd of 500 supporters as Romney and the GOP raised $101.3 million far surpassing the $75 million raised by the President and Democrats.
Obama, outraised in July by Mitt Romney and the Republicans for the third month in a row, blasted the GOP challenger’s tax policy, which the President said translated into taking resources from the poor to benefit the rich.
Obama’s economic broadside was drawn from a review of Romney’s tax plan performed by the Tax Policy Institute. They found that Romney’s blueprint would most likely add $2,000 to the tax bill for middle-class earners, but spare six-figure sums from being included in those for the country’s most privileged.
A choice between two tax systems
Obama’s speeches have painted this election as a choice between two opposing theories of tax policy, and on Monday he called Romney’s approach “the uncompromising view that says we should be going back to the old, top-down economics that got us into this mess in the first place.”
The Romney camp has challenged the Tax Policy Institute’s study, saying that it ignores a main part of the candidate’s economic plan — a reduction in the corporate tax rate.
In response to the President’s adoption of the Robin Hood tale for campaign purposes, a Romney spokesman countered in cutting fashion.
“President Obama recently said the biggest regret of his first term was not telling better stories. He’s trying to make up for it now, but his stories just aren’t true,” Ryan Williams said.