(CNN) - National Democrats went after Mitt Romney's spending plan Friday, which will pare down spending by the federal government to only 'essential' programs.
In a web video, the Democratic National Committee said the plan by the GOP presidential candidate would seriously hurt middle class families, saying the plan was something "only a billionaire could love."
The ad offers details: "Protecting $40 billion in subsidies for big oil, $700 billion in tax breaks for the wealthy, nearly a trillion dollars to corporate America, what will middle class families get in Romney's tax plan? Fifty-four bucks. Barely enough for a tank of gas."
Romney, who's making his second bid for the White House, previewed his plan in an op-ed piece Friday in USA Today and in a speech to voters Thursday in Exeter, New Hampshire. The former Massachusetts governor will offer more details in remarks in Washington Friday afternoon.
In his opinion piece in USA Today, Romney suggested cuts in federal government spending on programs like Amtrak, Planned Parenthood, the Corporation for Public Broadcasting, and the National Endowment for the Arts.
Romney wrote in USA Today that he would "eliminate every government program that is not absolutely essential. There are many things government does that we may like but that we do not need. The test should be this: 'Is this program so critical that it is worth borrowing money to pay for it?' The federal government should stop doing things we don't need or can't afford."
Romney also said he would save money by moving certain programs back to states and increasing efficiency within the federal government.
Earlier Friday, Obama's re-election campaign released a memo taking hits at Romney's plan, saying the 2012 hopeful "operates under the false assumption that we can just cut our way to prosperity" and "his plan requires deep spending cuts across government, everywhere outside of defense spending."
Romney's campaign responded by blaming Obama for failed economic policies.
"The middle class won't see an improvement in their situation until Barack Obama is defeated and gone," Romney spokesperson Andrea Saul told CNN. "President Obama has utterly failed to control the excessive spending in Washington. In fact, he has added to the problem."
In his speech in New Hampshire Thursday, Romney said the cuts wouldn't be easy, but that they needed to be made.
"There are other programs I like, and I don't want to cut them," he said, adding that Republican leaders needed to be willing to make those tough choices. "It is a moral responsibility to believe in fiscal responsibility. We do and I do."
–CNN Chief White House Correspondent Jessica Yellin and CNN Political Producer Rachel Streitfeld contributed to this report.