Presidential Campaign- Economy

A tax system overhaul along the lines that Mitt Romney has proposed would give big tax cuts to high-income households and increase the tax burden on middle- and lower-income households, according to an analysis from economists at the Tax Policy Center.

Growth.

That's the word, and the concept, that Mitt Romney's campaign is emphasizing in response to the Obama campaign's new attacks on Romney's tax plan.

President Obama is seizing on a new think-tank study that says Romney's plan to cut tax rates for all brackets, lower the corporate rate, close loopholes and keep taxes low on investments, would require him to eliminate deductions and credits that benefit the lower- and middle-class, such as child credits and mortgage deductions.

The Romney campaign is not engaging on the same playing field. When...

A day before the Labor Department releases jobs figures for July, the dueling presidential campaigns turned their attention back to the nation's fragile economy, each blasting the other as bad for middle class Americans.

President Barack Obama's campaign used a 30-second television ad to hit Mitt Romney for his tax plan, saying in the spot that his Republican challenger's proposals would increase taxes on middle class Americans while lowering tax rates for the wealthy. The campaign said the ad would run in New Hampshire, Virginia, North Carolina, Florida,