New OFA Television
Ad and Policy Memo Answer the Question the Romney Campaign
Won’t
CHICAGO – 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.
“Won’t Say” will air in Iowa, Nevada, Virginia, and Ohio
Voiceover:
"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.
How much would you pay? Romney just won't say."