Mr. Romney said he wanted to eliminate
"deductions, credits and exemptions." He rejected charges that his
tax plan would favor the wealthy, or make America's finances worse, saying,
"I won't put in place a tax plan that adds to the deficit."
Mr. Obama said his opponent's plan would
inevitably result in a higher budget deficit or large cuts to federal programs.
"It's math, it's arithmetic," the president said, later adding,
"That's not a recipe for job growth."
The presidential candidates met at the
University of Denver for the first of three televised presidential debates. The
candidates ranged widely over other domestic policies during the first hour of
the debate, discussing energy, Medicare and the deficit among other issues.
 Barack Obama and Mitt Romney clashed over taxes Wednesday night from the start of t...){kind=link}