First Presidential Debate Held in Denver - KTVN Channel 2 - Reno Tahoe News Weather, Video -

First Presidential Debate Held in Denver

Posted: Updated:

Republican Mitt Romney and President Barack Obama tangled over taxes in their first presidential debate.

Romney says Obama mischaracterized his tax plan by calling it a $5 trillion tax cut. Obama responded that Romney appears to be backing away from his own plan.

Romney said "everything" Obama said about Romney's tax plan is inaccurate. Most importantly, Romney said his plan will not increase taxes for the middle class, as Obama contended.

Romney says his plan is to provide tax relief by lowering them for all Americans, while eliminating deductions and exemptions in the tax code.

Obama retorted that Romney appears to be saying "never mind" about his own tax plan. Obama says he will lower taxes for middle-class families.

The president also cited former President Bill Clinton, suggesting the nation should return to the Clinton-era tax rates he says would lead to economic growth.

Obama says simple "math" and "common sense" show Romney's approach is not a recipe for job growth.

Romney says virtually everything Obama says about his tax plan is inaccurate. Romney says his plan will cut taxes, reduce spending and grow the economy.

Romney says, quote, "I will lower taxes on middle income families."

As for health care, Republican Mitt Romney vowed to repeal President Barack Obama's health care law, saying it adds costs to the health system and has led to Medicare cuts.

Romney says Obama spent his energy pushing through a massive health care law rather than trying to fix the struggling economy.

Romney said it's expensive and expensive things hurt families.

Obama said his administration worked on the health care law at the same time he was working to create jobs. He said the law has helped people with pre-existing conditions and those who have children under age 26.

The president countered that he based the law on Romney's own plan when he was governor.

Obama said, quote, "We've seen this model work really well -- in Massachusetts."

The moderator is PBS newsman Jim Lehrer.

National polls show the two candidates in a tight race among likely voters. But Obama has the advantage in many of the battlegrounds, including Colorado.More than 50 million people are expected to watch the 90-minute long debate.

  • Today's Top StoriesMore>>

  • State Attorney General Files suit against the Washoe School Trustees

    State Attorney General Files suit against the Washoe School Trustees

    Tuesday, September 2 2014 7:08 PM EDT2014-09-02 23:08:29 GMT
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
  • Paleo Program to Lose Weight

    Paleo Program to Lose Weight

    Tuesday, September 2 2014 7:03 PM EDT2014-09-02 23:03:32 GMT
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.More >>
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.
    More >>
  • Tahoe Business Slows as Summer Tourism Season Ends

    Tahoe Business Slows as Summer Tourism Season Ends

    Tuesday, September 2 2014 7:02 PM EDT2014-09-02 23:02:07 GMT
    Lake Tahoe businesses are coming off one of the busiest weekends of the year. But things are expected to slow down as summer comes to an end and fall begins.More >>
    Lake Tahoe businesses are coming off one of the busiest weekends of the year. But things are expected to slow down as summer comes to an end and fall begins.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.