Campaigns Battle Over Tax Cuts
By: CBS News
Updated: September 10, 2012
FORT PIERCE, Fla. -- Over the weekend, President Obama and Mitt Romney battled one another over taxes. Specifically, who would get a tax cut, and how would it be paid for?
And in the "dash for cash", both campaigns are raking it in.
Campaigning in Florida Sunday, President Obama stopped at Big Apple Pizza in Fort Pierce, and ended up getting more than just a pie.
Giving the president a bear hug, Scott Van Duzer, the owner of the pizza shop, says he's a registered Republican who plans to vote for President Obama. "I don't vote party line. I vote who I feel comfortable with and I feel comfortable with him."
Van Duzer is a voter in a key battleground state - Florida.
And President Obama spent the past two days there trying to drive home his point that Mitt Romney's economic plan is short on details, and will hurt the middle class.
"They couldn't answer questions about how they'd pay for five trillion dollars in tax cuts and two trillion dollars in new defense spending without raising taxes on the middle class."
Romney won't say which tax loopholes he'll close to pay for his tax cut. But he insists middle class will not shoulder the burden.
"Contrary to what the Democrats are saying, I'm not going to increase the tax burden on middle income families. It would absolutely be wrong to do that."
In addition to the race for voters, there's the race for cash. And both campaigns moved full speed ahead in August.
The president raised $114-million in August, a cash infusion that will help keep ads in front of voters through the election, whether voters like it or not. "If you're sick of hearing me approve this message, believe me - so am I."
And for the first time in three months, the president outraised the Romney campaign, which raked in $111 million last month .
The Romney campaign now has $168-million in the bank.
And with the conventions behind us, there are no more limitations on how much Romney can spend.
Romney launched 15 new ads targetted to swing state voters.
Mitt Romney will campaign in Ohio today while President Obama is at the White House.
(Susan McGinnis, CBS News)
And in the "dash for cash", both campaigns are raking it in.
Campaigning in Florida Sunday, President Obama stopped at Big Apple Pizza in Fort Pierce, and ended up getting more than just a pie.
Giving the president a bear hug, Scott Van Duzer, the owner of the pizza shop, says he's a registered Republican who plans to vote for President Obama. "I don't vote party line. I vote who I feel comfortable with and I feel comfortable with him."
Van Duzer is a voter in a key battleground state - Florida.
And President Obama spent the past two days there trying to drive home his point that Mitt Romney's economic plan is short on details, and will hurt the middle class.
"They couldn't answer questions about how they'd pay for five trillion dollars in tax cuts and two trillion dollars in new defense spending without raising taxes on the middle class."
Romney won't say which tax loopholes he'll close to pay for his tax cut. But he insists middle class will not shoulder the burden.
"Contrary to what the Democrats are saying, I'm not going to increase the tax burden on middle income families. It would absolutely be wrong to do that."
In addition to the race for voters, there's the race for cash. And both campaigns moved full speed ahead in August.
The president raised $114-million in August, a cash infusion that will help keep ads in front of voters through the election, whether voters like it or not. "If you're sick of hearing me approve this message, believe me - so am I."
And for the first time in three months, the president outraised the Romney campaign, which raked in $111 million last month .
The Romney campaign now has $168-million in the bank.
And with the conventions behind us, there are no more limitations on how much Romney can spend.
Romney launched 15 new ads targetted to swing state voters.
Mitt Romney will campaign in Ohio today while President Obama is at the White House.
(Susan McGinnis, CBS News)


