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Obama vs. Romney 101: 5 ways they differ on taxes
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Obama vs. Romney 101: 5 ways they differ on taxes
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President Obama and challenger Mitt Romney agree on the need fundamentally to overhaul the federal tax code: that is, to produce a simpler tax system with lower rates. But they disagree on whether tax reform should also raise government revenues, in order to rely less on spending cuts to reduce federal deficits.
Here are five issues where they differ on tax policy: extending the Bush-era tax cuts, raising taxes on the highest incomes, corporate taxes, the estate tax, and how taxes affect the economy.
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President Obama and challenger Mitt Romney agree on the need to overhaul the federal tax code to produce a simpler tax system with lower rates. But they disagree on whether tax reform should also increase government revenues. Here are five tax issues on which they differ.
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By Mark Trumbull , Staff writer
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