Barack Obama and Mitt Romney Debate (10/3/2012)

Description

In this October 3, 2012 ABC News debate, presidential candidates President Barack Obama and Governor Mitt Romney respond to Jim Lehrer's questions about their positions on reducing the federal deficit, creating jobs, individual and corporate tax rates, financial regulation, changes to Medicare, the Affordable Care Act, and the federal government's role. Romney says raising taxes will kill jobs and advocates raising revenue by lowering deductions, exemptions, and credits; urges cutting government spending; and argues for using the private sector to increase competition and efficiency in healthcare and education. Obama defends his healthcare plan and proposes reviving Clinton-era high income tax rates to reduce the deficit and increase jobs. He also wants to continue investing in education and domestic energy programs and fighting for the middle class.

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1 hr 31 min 17 sec

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