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Romney: ‘Victory is in sight’ after debate

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Later, before a crowd of tens of thousands in Madison, Wis., he said Romney wants to cut federal funding for Public Television while repealing legislation that regulates the banking industry.

“I just want to make sure I’ve got this straight: He’ll get rid of regulations on Wall Street, but he’s going to crack down on Sesame Street,” Obama said.

Taxes were a particular point of contention between the two men, although they were sharply divided as well on steps the cut the deficit, on government regulation, on education and Medicare.

Both in the debate and on the day after, Obama said repeatedly that his rival favors a $5 trillion tax cut that is tilted to the wealthy and would mean tax increases on the middle class or else result in a spike in federal deficits.

Romney said it wasn’t so, and counterattacked in a new television commercial. It cited a report by the American Enterprise Institute that said Obama and “his liberal allies” want to raise taxes on middle class earners by $4,000 and that the Republican alternative would not raise the amount they owe to the IRS.

Romney has refused so far to disclose many of the details to support his assertion that his proposal would not lead to a tax cut. His ad was an attempt to parry a report by the Tax Policy Center that Obama has frequently used to political advantage, as he did again during the day.

In a new ad by the president’s campaign, Romney is quoted as saying that a $5 trillion tax cut “is not my plan.” The ad then cites a study by the Tax Policy Center as saying it is, and asks why the Republican challenger “won’t level with us about his tax plan which gives the wealthy huge new tax breaks.

“Because if we can’t trust him here” — a photo of the debate stage appears — “How could we ever trust him here,” the narrator says as a photo of the Oval Office fills the screen.

The two men debate twice more this month, Oct. 16 in Hempstead, N.Y. and Oct. 22 in Boca Raton, Fla.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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