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2012 Presidential Candidates: Where They Stand on the Issues

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Slide 2

Taxes


Barack Obama

Democrat
  • Temporarily extend the Bush-era tax cuts for those who earn less than $250,000 a year but let the taxes of the wealthiest Americans go up
  • Pursue enacting the Buffet Rule, which would require millionaires and billionaires to continue paying a higher tax rate and reduce the tax burden on the middle class
  • Reform the tax code and close loopholes for millionaires and billionaires, as well as hedge fund managers, private jet owners, and oil companies
Mitt Romney

Republican
  • Make permanent, across-the-board 20 percent cut in marginal tax rate, which means reducing the increased tax burden on wealthier Americans
  • Reduce the corporate tax rate
  • Eliminate the death tax
All information was taken from official candidate websites or video interviews.

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