At a fundraiser in Connecticut, President Obama coined a catchy, very apt new name for Romney’s tax plan:
“It's like Robin Hood in reverse – it's Romney Hood! ”
The president went on to explain:
“The entire centerpiece of Mitt Romney’s economic plan is a new $5 trillion tax cut. Governor Romney’s plan would effectively raise taxes on middle-class families with children by an average of $2,000 to pay for this tax cut, not to reduce the deficit, not to invest in things that grow our economy. … He’d ask the middle class to pay more taxes so that he could give another $250,000 tax cut to people making more than $3 million a year.”
RomneyHood! According to a study (pdf) by the non-partisan Tax Policy Center, Romney’s tax plan raises taxes on the middle class in order to finance yet another tax cut for the very wealthy.
UPDATE: According to ABC News, the term “Romney Hood” was actually coined by Priorities USA, a liberal super pac:
The term, which drew the loudest applause and triggered a flood of buzz online, was coined not by Obama or his speechwriters but by a team of Democratic strategists working for Priorities USA Action, which floated the concept last week.
While Priorities USA Action and the Obama campaign are forbidden by law from formally collaborating, they have been known to take subtle cues from each other on message and tactics….