Romney: Obama Lied on Tax Reform

David Goldman; Eric Gay / AP Photo

In this Oct. 3, 2012, file photo combo, Republican presidential nominee Mitt Romney and President Barack Obama speak during their first presidential debate at the University of Denver, Colo.

What’s $5 trillion between political friends? Apparently, it’s the hottest talking point in the presidential campaign. The Romney campaign has released a new ad that claims that the president “continues to distort Mitt Romney’s economic plan,” specifically the claim of a $5 trillion tax cut. Romney says his cuts will boost growth. In a clip, Obama’s deputy campaign manager is shown saying that “it won’t be near $5 trillion.” The Obama campaign has repeatedly said that Team Romney is being dishonest. So who’s telling the truth? November can’t come soon enough.