(CNN) – Less than 24 hours after the first presidential debate, President Barack Obama's re-election campaign released a new television ad Thursday attacking Mitt Romney over his comments about taxes in the Denver showdown.
Obama, citing a study from the nonpartisan Tax Policy Center, argued Romney's tax policies would cost $5 trillion –a claim Romney forcefully shut down during the debate.
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"I'm not in favor of a $5 trillion tax cut. That's not my plan," Romney is seen saying in the ad.
The GOP nominee's campaign has consistently fought back against the study's statistic. Given that Romney has not laid out all the details of his plan, the study was conducted based on generalities from Romney's proposed tax policies.
In the debate, Romney shot back: "There are six other studies that looked at the study you describe and say it's completely wrong. I saw a study that came out today that said you're going to raise taxes by $3,000 to $4,000 on middle-income families."
The former Massachusetts governor also argued his tax cuts for the middle class would not "add to the deficit," saying he would pay for a reduction in the tax rates by limiting deductions and closing loopholes for the wealthy –though he did not specify which deductions he would eliminate.
The 30-second television ad faulted Romney for not elaborating on the details of his plan.
"Why won't Romney level with us about his tax plan, which gives the wealthy huge new tax breaks?" the ad's narrator asks.
Romney again fought back at the claim in the debate, repeatedly saying he would "not reduce the taxes paid by high-income Americans." While their tax rates may be lowered, he said, they'll be offset by the limit on deductions and loopholes.
Obama's ad, however, continued to hammer at the GOP nominee's policies, citing experts who say Romney's math does not add up and middle income earners would end up having to pay more in taxes.
"If we can't trust him here..." the narrator says over an image of the debate stage.
"How could we ever trust him here?" the narrator continues, with a photo of the Oval Office displayed
The ad, "Trust," will air in the battleground states of Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio, and Virginia.
Mitt Romney was a good actor at the debate. He's been practising since June.
Actually, he has been campaigning for the last 6 years.
Why would you give Mitt and the Tea Party the keys to White house when Republicans left this country in an economic mess and two wars. Oh I forgot, Obama did not clean it up fast enough.
The lack of forcefulness on the part of the President against Mr. Romney's new plans would seem to indicate he is relying on the media for ferreting out the truth. People like Mr. Romney fail to grasp that what they say gets recorded and can be played back anytime, over, and over, and over....
How soon people forget the phyo of America. Time have not change only the law. Said enough.
He came off better than Obama on this debate, I'll give them that...
But IMO he's more or less proven what he is; A tyrant out to just rob what's left of America. Get rid of federal programs, let states (if they vote for destructive high tax increases) take up the burden, slash tons of federal budgets down to PBS, derail the medicare/social security train, including if you actually have money when you retire...
I don't want his America. Not just because I'm not grossly rich, but his type of America makes it far harder to become rich, or even prosper.
Once again the antics and the attacks will start on the only guy who has been a success out side of politics. Oduma has failed us as president. All he can do is bad mouth a good man, because he can't stand on what he has done or in his case hasn't. Mr. President, you were not qualified to be president four years ago and your lack of vission and leadership for the problems we face today makes you unqualified to lead us into tomorrow.
Romney has no credability and Obama just let romney continued to stick his neck out and it will be chopped off on Nov 6th ,just let him keep lieing for everybody to see.
Robme needs to remember he is now outside the GOP echo chamber at Fox and his sound bites will be held to a higher standard.
We can think for ourselves and realize life has gray areas and not just black and white as the simpletons inside the echo chamber prefer.
We live in the big, bad world, and even cut up our own food!
This is news? Obama rolling out another attack ad filled with lies and distortions.
But where are all of Obama's ads with specifics about what he's going to do with another 4 years??? What he demands of others, HE HASN'T PROVIDED. All we hear is "Forward"! What the heck does THAT mean? I believe it is Forward into the fiscal abyss. We got sold the con of "Hope & Change" bu Obama in 2008 and that turned out to be Obamacare, which the American people want repealed.
Actually...you need to do a better job of doing your research.
"William G. Gale, co-director of the Tax Policy Center and one of the authors of the study on Romney's tax plan, told me this morning that under these two assumptions Romney's tax plan would maintain revenue neutrality without raising middle class taxes. "Under those assumptions and policies it would be revenue neutral," Gale wrote in an email, "but remember the tax expenditures are eliminated from the top down and that is not administratively feasible. So you also have to assume tax expenditures are eliminated in an infeasible manner to avoid the tax increase on households with income below $200,000."
So what the Tax Policy Center is really saying is not that Romney's tax plan is mathematically impossible, but that it's difficult. Whether or not eliminating tax expenditures from the top down is "administratively feasible" is a matter of opinion–not a matter of math."
you are right. But it is important for you Americans and for the rest of the world to acknowledge and see sufficiently early ahead of the elections that with Romney either the deficit will grow8 as it did with Reagan/Nixon/Bush or the poor and middle class people will pay for it. Certainly with Romney not the wealthy will pay form it since they will continue to have all the loopholes the tax law provides them with.
Romney has more faces than the 3 faces of Eve. He has the tea party vote and threw them under the bus. Now Romney wants to help the poor and middle class. Romney now wants everyone to be tolerant of other religions everything the tea party is against. Which Romney will show up at the next debate. I have no respect for Romney because he stands for nothing and will fall for anything. He wants to outsource our country and let the elderly fend for themselves against insurance companies.
Romoney can't escape his shallow self or his shallow promises. Weak candidate means he's a weak personality.
Arithmetic people. The problem here is the education system is so bad in the US that some of you (bless your hearts) dont even kinow when you are being lied to by a compulsive fli-flopper.
Romney denied the 5 trillion 3 times extremely vocally... But as we know with fact checkers... It was absolutely true. Its amazing to watch Romney pander to the middle class and with a strait face lie. Romney can *say* he supports the middle class but we have seen thousands of examples over the past 12 years how his party is the party of the rich and corporate world. I'm sure anyone with a bean of intellect sees through that. He CLEARLY won the tone of the debate but utterly failed at content with 75% of what he said a bold face lie.
Good to see Pres. Obama hold Romney's lies accountable.
The non-partisan Tax Policy Center gave Mitt very generous allowances in their analysis and still found his plan would grossly give disproportionate tax cuts to the rich off the backs of middle-class Americans.
@A True Centrist
I would add that 1, even the Washington Post has debunked the Tax Policy Center findings that they initially put in a story. And 2, even though the truth about this study is out the Obama camoaign and their friends in the media keep repeating it. This morning CNN qouted them without adding the fact that it was debunked.
Romney has to continue to hammer the President with the truth of the horrible economy because the liberal media just won't tell the truth.
The President should also do an ad on Romney's many flip-flops last night from what Mitt has inconsistently said just over the past few months.
Debate no. 1 – one may call it aggressive, came out slugging and put the president on the defense....bllah..blah..blah... But watching last night's debate I thought Romney behaved like a bully that he was known for in his highschool days and did not behave like a polished politician. Then I remembered that he is a republican.The president on the other hand was more restrained but polished in his words. Pundits called a Romney a clear winner in the debate. It may appear so if one thinks behaving like a bully is winning strategy. To me last night's debate Romeny said horrible lies and any one with a little bit of thinking mind will not vote for him. If we do we wiil be encouraging bullys.
Toronto - Arithmetic people. The problem here is the education system is so bad in the US that some of you (bless your hearts) dont even kinow when you are being lied to by a compulsive fli-flopper.
You're right... Obama said the deficit would be halved, instead he's doubled it. Obama said if we spent nearly a TRILLION dollars unemployemnt would be 5% right now, instead it is 8.1% (really far higher). Obama said if Obamacare was passed healthcare costs would go down, instead they have gone UP.
Obama is not only a compulsive flip flopper, he a compulsive LIAR. Promises one America, devilers class warfare and race baiting.
"There are six other studies that looked at the study you describe and say it's completely wrong. I saw a study that came out today that said you're going to raise taxes by $3,000 to $4,000 on middle-income families.""
CNN isn't factchecking this because it is demonstrable that Mittens isn't referring to actual studies, but rather to op-eds written by his surrogates and campaign.
So, Romney's going to lower rates for everyone but cut out certain deductions, and that's going to be revenue neutral?
Let's say you accept that.
Some people get to keep more of their income than they did last year, and others less.
Romney is basically proposing wealth REDISTRIBUTION.
Mormon Bishop Mittens is NOT a business success like a Steve Jobs or your local small business.
What is Mitten's business experience actually? Here:
Google: Federal Bailout 10 MILLION Saved Bain Capital and Mitt Romney
Bishop Mittens didn't even pay back the tax payers for his bailout gov't loan! Funny how he railed on Obama for bailing out the auto industry, huh?
And what does Bain Capital do again? Right ... OFFSHORING or is it OUTSOURCING ...
Google: Federal Bailout 2.7 BILLION that saved Utah Olympics and Mitt Romney
Bishop Mittens went to beg the GOP congress and George Bush for that 2.7 BILLION loan.
Mormon Bishop Mittens is a CORPORATE WELFARE BUM who used TAX-PAYERS money to pocket his and his friends pockets.
Yeah, Mormon Bishop Mittens sure is model of what a successful person is! LOL
"So what the Tax Policy Center is really saying is not that Romney's tax plan is mathematically impossible, but that it's difficult. Whether or not eliminating tax expenditures from the top down is "administratively feasible" is a matter of opinion–not a matter of math"
Nice spin from the Weekly Standard. Actually, what Gale was saying is that you CANNOT do it top-down administratively. That is NOT a matter of opinion. It is a fact, both from a legal and from a functional standpoint. In other words, the key assumption you have to make in order to find a way to make Mittens statements true is a key assumption that is not realistic nor possible. Moreover, the rest of that article simply continues on to make EVEN MORE unrealistic assumptions to come to its conclusions. It's blatant right wing propaganda, nothing more.
Mittens won't tell it, because he can't sell it.
Mittens lied, plain and simple:
1. When he claimed that "pre-existing conditions are covered under my plan." They're NOT.
2. When he said that President Obama had "cut Medicare by $716 billion to pay for Obamacare." Obama DIDN'T.
3. When he denied proposing a $5 trillion tax cut. He DID.
4. When he said President Obama had "added almost as much to the federal debt as all the prior presidents combined." NOT EVEN CLOSE.
5. When he resurrected "death panels." That was called "one of the biggest whoppers of the night."
6. When he stated that half the green energy companies given stimulus funds had failed. Only if three out of nearly three dozen is half.
Obama/Biden 2012 = The only sane choice
You dems want to make me puke, its now on t.v, what, Mr pansy couldnt answere for himself last night?
Any time there is a challange Obambam just folds. If You believe he is a leader you are just plain wrong. this new ad more accousals no substance. what a freaking wimp.