President Barack Obama, left, hugs Mary Ann French, right, after being introduced at a campaign event at Charles and Ruth Clemente Center at the Florida Institute of Technology, Sunday, Sept. 9, 2012, in Melbourne, Fla.
Pablo Martinez Monsivais, Associated Press
MELBOURNE, Fla. (AP) — President Barack Obama says Mitt Romney and running mate Paul Ryan get a failing grade on explaining how they'd pay for trillions of dollars in tax cuts.
The two Republicans were asked separately on different Sunday morning talk shows what loopholes they'd close to pay for their tax proposal but neither was willing to give specifics.
Obama says that's like saying two plus one equals five. Obama says Romney and Ryan are practicing bad math instead of bold leadership.
Romney says he won't raise taxes on the middle class but will close unspecified loopholes enjoyed mostly by the wealthy to pay for lower tax rates for everyone.
Campaigning along Florida's space coast, Obama also highlighted NASA's recent Mars landing. He praised what he called "a new era of American exploration."
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clueless calling Mitt has bad math? mr audacious can't add or subtract. only four more months until the empty seat goes back to what he knows best, community organizing.
I am open to hearing his plan, but without and specifics, it is worthless.
Here is two easy pieces of information to disclose.
1) Tax rates and associated brackets
2) deductions which will be eliminated.
Only More..
Romney's plan is NOT a deficit reduction plan. It is a pipe dream. He thinks you can cut taxes on the wealthy, increase defense department spending, and balance the budget. He's not willing to tell us where he'll make up the More..