(CP) New Jersey Governor Chris Christie accused President Barack Obama of lying for claiming the Republican presidential candidate Mitt Romney wants to cut taxes for the wealthy.
In a Sunday interview on ABC’s “This Week,” Christie was asked to respond to an Obama campaign ad in which Obama says, “Governor Romney believes that with even bigger tax cuts for the wealthy and fewer regulations on Wall Street, all of us will prosper.”
“Stop Lying, Mr. President,” Christie responded.
“Governor Romney is not talking about more tax cuts for the wealthy,” Christie continued. “In fact, what he said is, the wealthy will pay just as much under a Romney administration as they pay today.”
Christie then explained that, while all the tax rates would be cut under Romney’s plan, deductions would also be eliminated such that the plan would be revenue neutral.
“The tax rate would go down, but they would lose deductions and other loopholes that would have them paying the same.”