• Romney is in favor of the Bush support cuts as he says
that these cuts really helped to bring the economy back on track
when the country was going through a bad phase. He stated that "I
have never opposed the Bush 2002 tax cuts. I supported them."
during the 2008 Republican Primary Debate.

• He suggests that the best way to avoid an oncoming
recession is to get a cut on the taxes of the middle class
groups. This means that there will not be any taxes on interest,
dividends or capital gains and will result in more money in the
hands of the middle class. They will in turn put in more capital
into the market which will be available for new ventures and
homes.
 
• He is in favor of reducing the tax burden on middle
income families. The Des Moines Register reported that he said
that ?I don?t stay awake at night about the taxes that rich
people are paying. I am concerned about the taxes that the middle
class families are paying.? during a Republican Debate.
 
• Romney strongly votes for the removal of death tax as he
feels that it makes absolutely no sense in it.
 
• Romney addressing it as ?my pledge? has promised not to
support or reverse the plan to roll income taxes back to 5% by
the next year even if a situation of a budget deficit of $3
billion. 

• Mitt Romney said at a debate in Boca Raton on 24th
January 2008, "I support the Bush tax cuts. The Bush tax cuts
helped get our economy going again when we faced the last tough
times." 

• When asked what his first step would be on the fears of
a recession, he replied that he would try to get a reduction of
taxes on the middle income people of America. He intended that
people earning less that $200,000 per annum would be able to save
money without the burden of taxes.
 
• "Lowering taxes helps build jobs & helps working
families, and so I strongly have been of the view that one of the
great lessons for Ronald Reagan was that lowering taxes helped
built our economy." Fox News NH Republican primary debate on 6th
January 2008.

• On the Death Tax: "It doesn't make sense to me that
people get taxed when they can earn their money, get taxed when
they save their money, and get taxed when they die. We should get
rid of the death tax." Quoted from Romney's book 'The Man, His
Values & His Vision, p115.'

• Romney promised not to stand by a freeze or a turn back
of plans to roll income taxes back to 5% even if there was a
deficit of three million in the budget.
 
• In a debate in South Carolina he said he wanted to make
it very clear that he would not raise taxes.
		

• Obama's plan is to introduce tax cuts for most small
businesses and ninety five percent of the people. During the 2008
Presidential Debate against John Mc Cain, Obama stated that "I
want to provide a tax cut for 95% of the Americans the vast
majority of small businesses would get a tax cut under my plan."

• Obama feels that there is no need of $300 billion on tax
cuts for people who do not need them. In his first Presidential
debate he proclaimed that "If we are spending $300 billion on tax
cuts for people who do not need them and are leaving out health
care, which is crushing on people all across the country, then we
have made a bad decision and I want to make sure that we're not
changing our long term priorities."
 
• He stands for a cut in the taxes for the middle class to
provide some respite for struggling house owners.

• Obama believes in expanding the earned income tax
credit. He once stated that "We have to break the cycle of
poverty and violence that's gripping too many neighborhoods in
this country. That's why I'll expand the Earned Income Tax
Credit- because its one of the most successful anti-poverty
measures we have."

• Obama wants to retain an inheritance tax on the
wealthiest citizens that others have fought to repeal. 

• Obama opposed the suspension of the federal gas tax
during the 2008 summer.

• Obama advocates for the elimination of income taxes for
seniors making less than $50,000 and wants simplify their tax
filing process.