President Barack Obama and Republican challenger Mitt Romney sparred over differing tax plans at their first presidential debate on Wednesday night, arguing the other's proposals won't work in a continuation of major themes from their campaigns.
Describing the Romney tax plan as a $5 trillion cut, Obama echoed a line from former President Bill Clinton by saying the math doesn't add up without increasing tax revenue, which Romney rejects.
"I think math, common sense and our history shows us that's not a recipe for job growth," Obama said.
Romney disagreed with Obama's characterization of his tax plan, saying it won't add to the deficit, and criticized the president's call for allowing tax rates on income over $250,000 for families and $200,000 for individuals to return to the higher rates of the 1990s.
"The National Federation for Independent Businesses has said that will cost 750,000 jobs. I don't want to co st jobs," Romney said.
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