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A Closer Look at What the Presidential Candidates Said in the Debate
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Checking the facts, Obama's claim of Romney's $5 trillion in tax cuts and Romney's claim of Obama taking $716 billion out of Medicare.
Checking the numbers in the U.S. presidential campaign- Romney's Medicare $716 billion and Obama's tax cuts $5 trillion
08/20/2012
Romney says Obama would reduce money for Medicare by $716 billion-the material fact here is that Obama health care law by reducing payments to providers by $716 billion is likely to push up premiums for insurance. Premiums are already going up and Romney gives the estimate of $2500 in increased premiums so far. Obama says Romney will cut taxes by $5 trillion and this will lead to harsh spending cuts on education and other improtant areas- the material fact here is that Romney says he will not cut education only programs that do not justify borrowing money from China to pay from them, and he will make his reduction of taxes to induce economic, also make it revenue neutral by removing or reducing deductions and loopholes especially for the rich and higher income groups. One approach he says is to flat stop deductions beyond $17,000 and lower for higher income people.
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