It dismissed claims that its policies would favor the rich

US President campaign blasts pro-Romney developer Adelson

2012-09-19
Reading time 49 seg
(US).- The Obama campaign is calling out one of Mitt Romney's wealthiest donors in an effort to paint the Republican presidential nominee as beholden to the rich. The president's campaign sent an email to its donors citing recent reports that billionaire casino owner Sheldon Adelson could see us$ 2 billion in savings under Romney's proposed tax plan.

A report this week from the Democratic-leaning Center for American Progress Action Fund speculated that Adelson could save as much as us$ 2 billion under a Romney plan that could cut income tax rates, maintain the current low tax rate on dividends, repeal the estate tax and eliminate taxes on foreign profits such as Adelson's Asian casinos.

The email, attributed to Obama campaign adviser David Axelrod, argues that Adelson's support for the GOP nominee comes "not out of love for Mitt Romney," but as "highly cynical but straightforward calculation."

"We don't have Sheldon Adelson, and with all due respect, we don't want him,". Axelrod wrote. "We're relying on 3 million grassroots donors, who are giving an average of us$ 58."

The Romney campaign has frequently dismissed claims that its policies would favor the rich, arguing that he would preserve existing tax cuts for upper- and middle-class households.

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