Mr. Romney also said he would not reduce the share of taxes paid by high income individuals. Mr. Obama, however, said his opponent’s plan for changing the tax system would not work.
"The fact is, if you are lowering the rates the way you described, Governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class."
The candidates also debated the president's health care program, which some Americans call "Obamacare." Mr. Romney said it would hurt the economy and cost jobs.
The president said that when he took office, problems in the nation's health care system were just as urgent as the jobless rate. He said health costs drove government spending and troubled businesses and families.
"It was not just that small businesses were seeing costs skyrocket and they could not get affordable coverage even if they wanted to provide it to their employees. It was not just that this was the biggest driver of our federal deficit, our overall health care costs. But it was families who worried about going bankrupt if they got sick."
In closing, Mr. Obama said he wants to build on the strengths of his first four years in the White House. Mr. Romney said re-electing the president would hurt the middle class. He promised to replace the country’s new health care program and to create millions of news jobs.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25