But, first, Governor Romney, do you have a question that you’d like to ask the president directly about something he just said?
ROMNEY: Well, sure. I’d like to clear up the record and go through it piece by piece.
First of all, I don’t have a $5 trillion tax cut. I don’t have a tax cut of a scale that you’re talking about. My view is that we ought to provide tax relief to people in the middle class. But I’m not going to reduce the share of taxes paid by high-income people. High-income people are doing just fine in this economy. They’ll do fine whether you’re president or I am.
The people who are having the hard time right now are middle- income Americans. Under the president’s policies, middle-income Americans have been buried. They’re just being crushed. Middle- income Americans have seen their income come down by $4,300. This is a -- this is a tax in and of itself. I’ll call it the economy tax. It’s been crushing.
At the same time, gasoline prices have doubled under the president. Electric rates are up. Food prices are up. Health care costs have gone up by $2,500 a family. Middle-income families are being crushed.
ROMNEY: And so the question is how to get them going again. And I’ve described it. It’s energy and trade, the right kind of training programs, balancing our budget and helping small business. Those are the -- the cornerstones of my plan.
But the president mentioned a couple of other ideas I’ll just note. First, education. I agree: Education is key, particularly the future of our economy. But our training programs right now, we’ve got 47 of them, housed in the federal government, reporting to eight different agencies. Overhead is overwhelming. We’ve got to get those dollars back to the states and go to the workers so they can create their own pathways to get in the training they need for jobs that will really help them.
The second area, taxation, we agree, we ought to bring the tax rates down. And I do, both for corporations and for individuals. But in order for us not to lose revenue, have the government run out of money, I also lower deductions and credits and exemptions, so that we keep taking in the same money when you also account for growth.
The third area, energy. Energy is critical, and the president pointed out correctly that production of oil and gas in the U.S. is up. But not due to his policies. In spite of his policies.