•  Campaign Ads « Obama for America

Obama (voiceover): I'm Barack Obama and I approve this message.

[Music] Male Announcer: Mitt Romney.  He won’t reveal what’s in HIS taxes...

And he won’t tell you what he’d do to YOURS.

To pay for huge new tax breaks for millionaires like HIM, Romney would have to RAISE taxes on the middle class...

...two THOUSAND dollars for a family with children, says a non-­partisan report.

You could lose the deduction for your home mortgage...college tuition...health care.

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Notes: From the press release...

Obama for America released a new television advertisement and policy memo that answers the question Mitt Romney and Paul Ryan won’t: how to pay for their $5 trillion tax cuts skewed to millionaires and billionaires. Just like they did in Tampa, Romney and Ryan continue to evade legitimate questions about the specifics of their plan because their campaign believes it would be “suicidal” to release details.

But, as highlighted in OFA’s new television ad, to pay for Romney and Ryan’s tax breaks for the wealthy, their plan would raise taxes on middle-class families. Independent, nonpartisan experts have found that their plan could only be paid for by limiting tax deductions like the mortgage interest deduction, which would raise taxes on middle-class families with kids by an average of $2,000 a year.

And in addition to the new ad, Obama for America also released a new memo from Policy Director James Kvaal today that further exposes Romney and Ryan’s hollow budget proposals. While two candidates have campaigned on a $5 trillion tax plan, they have repeatedly ducked and dodged fundamental questions about how they propose to pay for their plan without raising taxes on middle-class families. And their budget plans fall $6 trillion short of Romney’s promise to balance the budget – leaving a total of 11 trillion questions for voters.

That’s just more of the same bad math that crashed our economy in the first place.

Copyright © 2012 Eric M. Appleman/Democracy in Action.