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Fact Check: Obama says
Romney opposed ending tax
break – only he didn’t

Fox News, by Staff

Original Article

Posted By:JoniTx, 10/5/2012 1:07:50 PM

A day after the Obama campaign countered Mitt Romney's strong debate performance by accusing him of playing fast and loose with the facts, President Obama threw out a doozy of his own. At a rally Friday in Fairfax, Va., Obama claimed Romney had outright rejected his proposal to end tax breaks for oil and gas companies. "He said there's no way that he'd close the loophole that gives big oil companies billions each year in corporate warfare," Obama said, in the middle of a litany of complaints on Romney's tax positions from Wednesday's debate. Just one problem. Romney didn't

      


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Reply 1 - Posted by: msctex1, 10/5/2012 1:14:01 PM     (No. 8912233)

It is easier and safer to assume every word out of Obama's mouth until Election Day is a lie, than to try and parse every statement looking for a kernel of truth.

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Reply 2 - Posted by: Stlouislaxbros dad, 10/5/2012 1:16:42 PM     (No. 8912243)

Obama is at his toughest when his debate is over and his opponent is not around.

Then Obama is really on his game because no is there to tell him he is a liar.



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Reply 3 - Posted by: Distorted, 10/5/2012 1:20:21 PM     (No. 8912252)

The "corporate welfare" zer'O and his comrades are talking about are business expense deductions, which all businesses get. In other words Obama is demanding the tax code be radically changed to tax gross rather than net revenues. Under that thinking a business could not subtract money paid for salaries and benes to employees or drilling expenses in the case of oil companies. It would also allow government to tax companies which were losing money quickening their demise. What does the nitwit think that would do to hiring rates?

That Romney would even contemplate such stupidity is inexcusable.

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Reply 4 - Posted by: Optimist123, 10/5/2012 1:53:36 PM     (No. 8912329)

Romney's words need to be repeated, Obama gave Green Energy ~100 Billion, and oil and gas get ~2 Billion a year. Obama handed out 50 years of oil and gas credits/deductions in 4 years, and we got no where near the return of energy.

As has also been pointed out the Oil and Gas benefits are very much like depreciation.



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Reply 5 - Posted by: Dandeedon, 10/5/2012 2:07:23 PM     (No. 8912364)



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Reply 6 - Posted by: Dandeedon, 10/5/2012 2:11:48 PM     (No. 8912380)

Of course,Ozero forgot to mention the fact that oil companies profit margin is the lowest of almopst all industries.

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Reply 7 - Posted by: stablemoney, 10/5/2012 2:29:30 PM     (No. 8912416)

I am more in favor of the oil companies quitting subsidizing Obama and government. Federal and state income taxes, franchise taxes, property taxes, sales taxes, excise taxes, highway use taxes, EPA fees and regulations, Dept of Interior and EPA refusing to sign off on drilling permits after charging the oil companies for leasing the property.

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