Obama derides opponent's tax plan as 'Romney Hood'

[August 07, 2012]  STAMFORD, Conn. (AP) -- President Barack Obama is labeling opponent Mitt Romney's tax plan as "Romney Hood," saying it takes from the middle class and gives to the rich.

Speaking Monday night at a campaign event in Connecticut, Obama said the GOP plan "is like Robin Hood in reverse."

Obama says Romney's tax plan would give tax breaks to the wealthiest Americans while forcing middle-class families to pay up to $2,000 a year in additional taxes.

The president cites a study by the nonpartisan Tax Policy Center that says millionaires would receive a tax cut of approximately $250,000 a year if the former Massachusetts governor gets his way.

A Romney spokesman says only one candidate in the presidential race would raise taxes on the American people -- "and that's Barack Obama."

[Associated Press]

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