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The Presidential Debate Turns to Taxes

February 13, 2013 1 minute Read by Matthew Denhart

The second debate between President Obama and Governor Romney is underway from Hofstra University in New York, and the candidates just finished debating tax policy. Governor Romney spoke first and described his tax plan that would reduce tax-rates on middle-class taxpayers while closing deductions. He also proposed completely eliminating the tax on all capital gains, interest, and dividends for middle-class taxpayers. President Obama countered that the math behind Governor Romney’s tax plan does not add up, and therefore, taxes under a Romney administration would have to go up for middle-class families. One thing that didn’t seem to be expressed by either candidate, or at least not expressed strongly enough, was that by lowering tax rates, economic growth might increase. To learn more about the research we’ve been doing all year on taxes, check out our “tax policies” page.


Author

Matthew Denhart
Matthew Denhart

Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View. 

Full Bio