The Obama campaign let no dust settle from last night’s presidential debate, releasing a new campaign ad that questions Republican Mitt Romney’s trustworthiness.
The ad is airing in the states that could either secure Obama’s re-election or offer Romney a path to the presidency: Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio and Virginia.
The ad features clips from the debate, at which Romney said: “I’m not in favor of a $5 trillion tax cut. That’s not my plan.”
It continues with an excerpt from a newscast, with NBC’s Andrea Mitchell reporting: “The nonpartisan Tax Policy Center concluded that Mitt Romney’s tax plan would cost $4.8 trillion over 10 years.”
This is the cost of the rollback of tax rates that Romney proposes, 20 percent across the board. Romney maintains, as he did last night in debate, that he will offset the cost of these cuts with the elimination of tax exemptions, particularly for high earners. Yet he hasn’t specified what loopholes he’d close or tighten, a point Obama was making in his own debating lines.
The Tax Policy Center has said that Romney can’t keep his tax plan revenue neutral without reaching into exemptions that benefit middle-income taxpayers.
“Why won’t Romney level with us about his tax plan, which gives the wealthy huge new tax breaks?” the ad asks. “Because according to experts, he’d have to raise taxes on the middle class – or increase the deficit to pay for it.”
“f we can’t trust him here,” the narrator asks, cutting to the debate stage in Denver where Obama and Romney met last night, “How could we ever trust him here?” (The Oval Office.)