Romney’s 13% Slides to 1% Tax Under Ryan: Obama-backing PAC

Photograph by Justin Sullivan/Getty Images

Mitt Romney at a campaign rally on August 14, 2012 in Chillicothe, Ohio.

Mitt Romney’s insistence that he hasn’t paid less than a 13 percent tax rate for the last 10 years has done little to quell the debate over whether he should release more of his tax returns.

The latest ad from Priorities USA Action, a super-PAC backing President Barack Obama, seizes on Romney’s remarks by showing Romney and his running mate, Wisconsin Representative Paul Ryan, locked in an embrace with a heart graphic around the pair and the simple subtitle: “Paul Ryan’s Tax Plan Would Slash Mitt Romney’s Tax Rate to 1 Percent.”

The 30-second Web ad shows the pair with a red heart drawn around them, twice, as the Obama campaign seeks to tie Romney to his running mate’s fiscal plan, which would cut the deficit by $4 trillion over a decade and revamp Social Security and Medicare.

“Mitt Romney’s worth $200 million dollars, but under Paul Ryan’s budget, he’d pay only 1 percent in taxes, while middle class families would pay $1000 more,” the voice-over says, with an image of a family of four juxtaposed with Romney sauntering down the steps of an airplane.

The spot will run online in critical battleground states: Colorado, Florida, Ohio, Iowa, Pennsylvania and Virginia.

Earlier today Obama campaign manager Jim Messina told Romney campaign manager Matt Rhoades that if the Republican candidate for president will release five years of tax returns, the Obama campaign won’t criticize him for not releasing any more.

Rhoades’s response: “Thanks for the note.”

“See you in Denver.”

The University of Denver is the location of the first presidential debate on Oct. 3.


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