Barack Obama has unleashed a coordinated assault on Mitt Romney, calling for an end to Bush-era tax-cuts for the rich, while Democrat spokespeople and allies flood the airwaves criticising Mr Romney for his offshore bank account and low tax rate.
“We don’t need more top-down economics. We’ve tried that theory. That’s why I believe it’s time to let tax cuts for the wealthiest Americans, folks like myself, to expire,” the US President said, while surrounded by middle-class taxpayers at a White House event earlier today.
“I’m not proposing anything radical here,” he said. “I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton – back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot.”
Mr Romney, the presumptive Republican nominee, hit back in a radio interview, saying: “What the president is proposing is therefore a massive tax increase on job creators and on small business.
“We just saw a terrible jobs report just last week and now to add a higher tax on job creators and on small business is about the worst thing I could imagine to do if you want to create jobs.”
But good political timing and even luck seemed to favour the Democrat message that Mr Romney, whose wealth is estimated at about $US250 million, is out of touch with Middle America.
After a week-long vacation at his lakeside estate in New England – during which time he was photographed jet skiing with his wife – Mr Romney attended three fundraisers in the Hamptons on Sunday, one at the home of the Revlon chairman, Ronald Perelman.
There one of the guests queuing for entry in her Range Rover told an LA Times reporter: “I don’t think the common person is getting it. Nobody understands why Obama is hurting them.
“We’ve got the message, but my college kid, the baby sitters, the nails ladies – everybody who’s got the right to vote – they don’t understand what’s going on.
“I just think if you’re lower income – one, you’re not as educated, two, they don’t understand how it works, they don’t understand how the systems work, they don’t understand the impact.”
Another was heard by the New York Times to yell to staff: “Is there a VIP entrance? We are VIP.”
It is understood Mr Romney secured $US3 million in donations on that day alone, after raising $US106 million in June, $US35 million more than the Obama campaign.
This comes after Vanity Fair’s revelation that Mr Romney – who pays only 15 per cent tax on the bulk of his income, drawn as it is from capital gains and dividends – has a Swiss bank account and holdings in Caribbean tax havens.
Earlier today the chairwoman of the Democratic National Committee, Debbie Wasserman-Schultz, joined the Massachusetts Democratic Party Chair John Walsh to again call on Mr Romney to release his tax returns.
Though Ms Wasserman-Schultz’s attack was partially blunted by the revelations she has not released her own tax returns, with the issue still being discussed endlessly on American media, the Democrats appear to have successfully linked Mr Romney’s income to the broader tax issue.
This story Administrator ready to work first appeared on Nanjing Night Net.