(ORLANDO, Fla.) — President Obama is on a tear over taxes, blasting rival Mitt Romney’s proposals Thursday as nothing more than “fairy dust” to try to fix the economy.
“They have tried to sell us this trickle down, tax cut ‘fairy dust’ before. And guess what? It didn’t work then, it will not work now,” Obama said of Romney’s plan to slash rates for corporations and upper-income earners.
“It’s not a plan to create jobs, it’s not a plan to reduce the deficit. It is not a plan to build the middle class. It is not a plan to move the economy forward,” he said.
Romney has argued that extending the current Bush-era tax rates and cutting rates further for the wealthy will spur hiring by small businesses, which would be taxed at higher rates if the cuts expire.
“Under President Obama, middle-class Americans have experienced higher unemployment, lower incomes, and greater uncertainty about the future,” said Romney spokesman Ryan Williams.
“Now he is promising to raise taxes on millions of families and small businesses — which is the last thing we should do in a struggling economy,” he said.
The crowd of 2,500 Obama supporters booed at the mere mention of Romney’s name. They were equally as vocal in praising the president, affectionately heckling him during his speech and singing him a boisterous rendition of “Happy Birthday.”
Obama turns 51 on Saturday.
“If I had known you guys were going to sing, we would have had a cake. And then I would have blown out the candle, I would have made a wish that probably would have had to do with electoral votes,” he said with a grin. “A win in Florida wouldn’t be a bad birthday present.”
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Z. Byron Wolf, CNN
David Wright, CNN
Dylan Byers Sara Murray and Kevin Liptak, CNN
Melissa Davlin and Seth Ogilvie, Idaho Reports