Fact-checking taxes in the presidential race

President Barack Obama made this charge at the first presidential debate: “Gov. Romney’s central economic plan calls for a $5 trillion tax cut, on top of the extension of the Bush tax cuts.”

Not so, Mitt Romney said, repeatedly: “First of all, I don’t have a $5 trillion tax cut. … I’m not looking to cut massive taxes and to reduce the revenues going to the government. … I’m not looking for a $5 trillion tax cut.”

So which is it?

PolitiFact dug in. See its look here.
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