Romney ad has some truth on middle class tax hike by Obama - 13abc.com Toledo (OH) News, Weather and Sports

Romney ad has some truth on middle class tax hike by Obama

Posted: Updated:

We're continuing to challenge the president candidates campaign ads by putting them through the Truth Test. 

This time, we look at a Mitt Romney ad that claims President Obama will increase taxes on the middle class.
    
"Who will raise taxes on the middle class?"

The Romney ad looks at a report issued by the American Enterprise Institute that claims:

"Barack Obama and the liberals will raise taxes on the middle class $4000."

The Romney ad uses this study which looks at how much you owe on our $16-trillion dollar debt.

The study claims a family making $100- 200,000 dollars a year would pay more than $4100 a year just to pay interest on the debt accumulated since President Obama took office.

Other income levels would pay more than $2,000 a year.

The ad says Obama is "raising taxes on the middle class"...  but the president is not sending you a bill for an extra $2,000 to $4,000.

So Romney's charge *is not quite accurate*...

What is happening is we are paying an extra $2,000 to $4,000 because the debt has increased under President Obama.  And the president's own budget for the next 10-years outlines another $7-trillion in debt.

So... Higher debts means more of your tax dollars go to pay the debt and under President Obama that's $2- to $4,000 more.

Not exactly a tax hike, but those are extra tax dollars being used to finance the debt.

13abc reporter Bill Hormann talked with the researcher who wrote the report.  He says Romney's use of his study is fair and accurate.

The Obama Administration admits its new 10-year budget has trillions in higher debt but they claim they've made adjustments to keep the debt from growing even higher.

  • Your VoteMore>>

  • Election Results

    YOUR VOTE 2014 -- May 6th Election Results

    Election Results

    Stay with 13abc.com for the latest election results on-air and online!
    Voters headed to the polls Tuesday to decide a number of issues in our area. Stay with 13abc.com for the latest election results on-air and online!
  • Ohio voting rights issue falls short on signatures

    Ohio voting rights issue falls short on signatures

    Tuesday, July 1 2014 1:35 PM EDT2014-07-01 17:35:43 GMT
    Backers of a constitutional amendment guaranteeing certain voting rights in Ohio have failed to collect enough signatures to put it on this fall's ballot. Supporters of the proposed "Ohio Voters Bill of Rights" say their goal now is to place it before voters in 2015. They are vowing to keep the issue on Ohioans' minds.
    Backers of a constitutional amendment guaranteeing certain voting rights in Ohio have failed to collect enough signatures to put it on this fall's ballot. Supporters of the proposed "Ohio Voters Bill of Rights" say their goal now is to place it before voters in 2015. They are vowing to keep the issue on Ohioans' minds.
  • Boehner says he's 'all in' to remain as speaker

    Boehner says he's 'all in' to remain as speaker

    House Speaker John Boehner says he's "all in" to remain as House speaker in the new Congress that will meet next year.
    House Speaker John Boehner says he's "all in" to remain as House speaker in the new Congress that will meet next year.
  • LocalMore>>

  • Fremont community mourns loss of missing man

    Fremont community mourns loss of missing man

    Tuesday, July 22 2014 11:00 PM EDT2014-07-23 03:00:01 GMT
    Those who knew Cory Barron in Fremont called him sweet, kind and a good man from a good family. Most in the tight-knit community were stunned to hear about his death."Deep down you pray that good will come out of it," says Timberly Kidwell, who coached Cory's sister. "You hate to hear that something like this is the outcome. I can't reiterate how great of a family this is, my heart is broken for them."Friends and family first reported the 22-year-old missing after they couldn't find him follo...
    Those who knew Cory Barron in Fremont called him sweet, kind and a good man from a good family. Most in the tight-knit community were stunned to hear about his death."Deep down you pray that good will come out of it," says Timberly Kidwell, who coached Cory's sister. "You hate to hear that something like this is the outcome. I can't reiterate how great of a family this is, my heart is broken for them."Friends and family first reported the 22-year-old missing after they couldn't find him follo...
  • Body of missing BGSU grad found in landfill

    Body of missing BGSU grad found in landfill

    Tuesday, July 22 2014 10:07 PM EDT2014-07-23 02:07:26 GMT
    A young man's body was found in a landfill in Lorain County Tuesday. Sheriff's investigators say the body is that of 22-year-old Cory Barron of Fremont. The BGSU graduate was last seen Friday at a concert at Progressive Field. Investigators say he left one group of friends to meet another and then vanished. An autopsy is set for Wednesday to determine how he died.
    A young man's body was found in a landfill in Lorain County Tuesday. Sheriff's investigators say the body is that of 22-year-old Cory Barron of Fremont. The BGSU graduate was last seen Friday at a concert at Progressive Field. Investigators say he left one group of friends to meet another and then vanished. An autopsy is set for Wednesday to determine how he died.
  • TPD looking for suspects who robbed 2 teenage boys

    TPD looking for suspects who robbed 2 teenage boys

    Tuesday, July 22 2014 6:13 PM EDT2014-07-22 22:13:17 GMT
    Toledo police are looking for the suspects who robbed two teens."As soon as we can get those pictures out for the public to view. We'll have those out. I'm confident we'll be able to catch and i-I the suspects after that's released," said Toledo police Sgt. Joe Heffernan. Toledo police say they were able to pull photo's of several suspects who followed two teenage boys on the University of Toledo trail and robbed them. "They felt that they were being followed by a group of other juveniles so ...
    Toledo police are looking for the suspects who robbed two teens."As soon as we can get those pictures out for the public to view. We'll have those out. I'm confident we'll be able to catch and i-I the suspects after that's released," said Toledo police Sgt. Joe Heffernan. Toledo police say they were able to pull photo's of several suspects who followed two teenage boys on the University of Toledo trail and robbed them. "They felt that they were being followed by a group of other juveniles so ...
  • Top StoriesMore>>

  • Fremont community mourns loss of missing man

    Fremont community mourns loss of missing man

    Tuesday, July 22 2014 11:00 PM EDT2014-07-23 03:00:01 GMT
    Those who knew Cory Barron in Fremont called him sweet, kind and a good man from a good family. Most in the tight-knit community were stunned to hear about his death."Deep down you pray that good will come out of it," says Timberly Kidwell, who coached Cory's sister. "You hate to hear that something like this is the outcome. I can't reiterate how great of a family this is, my heart is broken for them."Friends and family first reported the 22-year-old missing after they couldn't find him follo...
    Those who knew Cory Barron in Fremont called him sweet, kind and a good man from a good family. Most in the tight-knit community were stunned to hear about his death."Deep down you pray that good will come out of it," says Timberly Kidwell, who coached Cory's sister. "You hate to hear that something like this is the outcome. I can't reiterate how great of a family this is, my heart is broken for them."Friends and family first reported the 22-year-old missing after they couldn't find him follo...
  • Company issues nationwide fruit recall

    Company issues nationwide fruit recall

    Tuesday, July 22 2014 9:07 PM EDT2014-07-23 01:07:17 GMT
    A national recall is affecting customers who picked up fruit at Costco, Trader Joe's, Kroger or Walmart. Central California company Wawona Packing is voluntarily recalling peaches, nectarines and plums because of a possible listeria contamination. The affected fruit was packaged and shipped to retailers between June 1 and July 12. The company has since shut down its packing lines and sanitized the facility. They are urging anyone who has the fruit to throw it away. More information, i...
    A national recall is affecting customers who picked up fruit at Costco, Trader Joe's, Kroger or Walmart. Central California company Wawona Packing is voluntarily recalling peaches, nectarines and plums because of a possible listeria contamination. The affected fruit was packaged and shipped to retailers between June 1 and July 12. The company has since shut down its packing lines and sanitized the facility. They are urging anyone who has the fruit to throw it away. More information, i...
  • TPD looking for suspects who robbed 2 teenage boys

    TPD looking for suspects who robbed 2 teenage boys

    Tuesday, July 22 2014 6:13 PM EDT2014-07-22 22:13:17 GMT
    Toledo police are looking for the suspects who robbed two teens."As soon as we can get those pictures out for the public to view. We'll have those out. I'm confident we'll be able to catch and i-I the suspects after that's released," said Toledo police Sgt. Joe Heffernan. Toledo police say they were able to pull photo's of several suspects who followed two teenage boys on the University of Toledo trail and robbed them. "They felt that they were being followed by a group of other juveniles so ...
    Toledo police are looking for the suspects who robbed two teens."As soon as we can get those pictures out for the public to view. We'll have those out. I'm confident we'll be able to catch and i-I the suspects after that's released," said Toledo police Sgt. Joe Heffernan. Toledo police say they were able to pull photo's of several suspects who followed two teenage boys on the University of Toledo trail and robbed them. "They felt that they were being followed by a group of other juveniles so ...

Area Events Calendar

See It, Shoot It, Send It!