Obama team slams Romney over tax

2012-04-10 20:24

Washington - President Barack Obama's campaign team attacked his likely Republican opponent, Mitt Romney, on Tuesday for not paying his "fair share" of taxes ahead of a speech by the president on why millionaires should bear a larger tax burden.

Obama, who has made tax fairness a key part of his re-election message, travels to Florida where he will urge support for the Buffett Rule, named after billionaire investor Warren Buffett. It calls for people making over $1m a year to be taxed at a higher rate than middle-class families.

Republicans dismissed the speech as a political stunt and complain that increasing taxes on the wealthy would do nothing to create jobs or lower fuel prices at the pump, which are the issues they say ordinary Americans care most about.

Obama's populist message is a clear swipe at Romney, the wealthy Republican front-runner likely to face him in the November 6 election, as the Democratic president seeks to appeal to blue-collar voters he will need to win a second term.

"Mitt Romney opposes the Buffett Rule - he thinks millionaires and billionaires should keep paying lower tax rates than middle-class families. In fact, Romney himself isn't paying his fair share," the Obama campaign said in a statement.

One of the richest men ever to seek the White House, Romney paid an effective tax rate of 13.9% in 2010 on more than $21m in income. Obama's campaign is anxious to paint him as elitist and out of touch with ordinary Americans.

Read more on:    barack obama  |  mitt romney  |  us  |  us elections 2012

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