Five Ways to Spin Obama's Tax Plan

The president's new plan may boost the economy as well as the president's reelection campaign.


[See why inflation is outpacing wages.]

A Way To Counter Romney

Mitt Romney emphasized his own tax plan Wednesday in Arizona. Alongside lowering individual income tax rates for all Americans, the plan would cut the corporate tax rate to 25 percent, an idea he had put forth in his jobs plan last year.

In a memo to reporters Tuesday, the Obama campaign criticized the Romney tax plan, saying it "promotes corporate profits," and that Romney's largest cut "would reduce corporate taxes by $100 billion a year." The Obama campaign's attacks on Romney's plan allow the president to promote his own plan as "business-friendly" while not losing his populist appeal.

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Read how the payroll tax cut will help the economy.

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