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Obama slams Romney's 'fairy dust' tax cut

Published on Aug 3, 2012 9:58 AM
 
US President Barack Obama speaks at a campaign event at Loudoun County High School in Leesburg, Virginia, August 2, 2012. President Barack Obama slammed Mitt Romney's "fairy dust" tax cuts on Thursday, claiming his millionaire Republican foe would swell his own wealth while sticking the middle class with the bill. -- PHOTO: REUTERS

LEESBURG, Virginia (AFP) - President Barack Obama slammed Mitt Romney's "fairy dust" tax cuts on Thursday, claiming his millionaire Republican foe would swell his own wealth while sticking the middle class with the bill.

Mr Romney hit back as he roared onto the campaign trail after a rocky overseas tour, as his camp decried the "sclerotic" Obama economy, hours before the release of crucial new data on job creation in the stalled recovery.

In a punchy new personal attack ad running in battleground states, Mr Obama said Mr Romney would hike taxes on families with children by US$2,000 (S$2,490) to pay for his US$5 trillion tax plan that would mostly benefit the wealthy.

"You work hard, stretch every penny," the ad said, showing a picture of a man working at a desk and a woman comparing cans of tuna at a supermarket.

 
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