(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.
This will be the first of many ads that the Obama campaign can use from last night's debate. Romney said many things that can show he flip-flopped or exaggerated. These will saturate the airwaves until the next debates. Actually Pres. Obama gave Romney lots of rope to hang himself. The next debates will get even more viewers than last night because Pres. Obama has set the stage and now he will really be able to stand up to Romney's claims. Can't wait.
Mitt Romney wants to kill Big Bird.
On this site I read alot of things that Romney said, but nothing that Obama said.
Why? Obama could not respond to the truth.
it ain't often you see a young black guy get beat up that bad by an old white guy. i think romney was channeling clint eastwood.
It really is basic math. Start with a $1 trillion annual deficit. If you make the Bush tax rates permanent for everyone and then reduce them further by "20% across the board," as Rmoney has said repeatedly he would do, and then eliminate the estate tax, as Rmoney has said repeatedly he would do, and then cut corporate tax rates, as Rmoney has said repeatedly he would do, then you add $5 trillion to that deficit. Then you add $2 trillion in defense spending increases, as Rmoney has said he would do, and you now have to find a total of $8 trillion in spending cuts/closing tax loopholes and deductions in order to balance the budget, as Rmoney has said repeatedly he would do. So far, Rmoney has said he would create a "bucket" of deductions - a maximum amount that people could deduct - but that number keeps changing (originally $17,000, then "25,000 or $50,000") and it will not be sufficient to offset the lower rates. That will necessitate cutting programs, but the only ones Rmoney has specified are PBS, Planned Parenthood, and Obamacare (not likely to happen) - and they still only amount to a few million. And since Rmoney said last night that he won't cut education, that means other programs will take a hit. But he won't say which ones, at least until after the election. That's because he knows that if he (God forbid) tells the truth and specifies how he would pay for these tax cuts before the election, he would lose in a landslide. Oh, wait, Rmoney said that the 12 million new jobs he will create over four years will be enough to offset his tax cuts. Problem: that works out to 3 million a year, and he hasn't said how these jobs will be created. He has offered no jobs plan (unlike Obama, whose Jobs Bill was filibustered to death in the Senate because it would have created more than 1 million jobs - something the GOP doesn't want to happen until after the election) other than to offer a tax deduction for businesses that create jobs in foreign countries. No wonder Paul Ryan couldn't make it all add up when he was on Fox on Sunday.
Mitts is going to fix Medicare with no extra cost to anyone. He is going to give tax cuts (is that 20% thing still on??) that don't cut revenue. He is going to fix education, but no new teachers (magic vouchers?). He'll grow the military, and of course equip them better than ever, with no addition to the debt. And On and ON.
Bring on the MIttsie Pixie Dust. We're gonna be saved. No sacrifice for anyone.
Just before the 2004 election Bush eeked out positive job numbers from the recession he inherited. That recession paled in comparison to the Great Recession Obama inherited, yet Obama has created more jobs than when he started. He did this with NO help from the do nothing congress. I think he deserves a lot of credit for the job he's done even if Republicans refuse to accept it.
From Romney web site •Make permanent, across-the-board 20 percent cut in marginal rates. That includes tax cuts for the rich like Mitt. Mitt denied that last night. That, again makes Mitt a liar . Lyin Mitt and Lyin Ryan are done.
Obama Supporters One Size Fits All Methodology for Proving a Romney Falsehood
Use any of these lines following a Romney or Ryan statement:
Liar liar pants on fire.
How did Obama lose a debate when such strong rhetoric forms the core of his side's argument?
Some where along the way the people that are taking all these benifits need to start paying for them. Some of you seem to think that should be someone else. With Obama's plan there will be less jobs. With Romney's plan you will start paying.. In case you forgot, ther is no such thing as a free lunch. Everybody pays somewhere. I know growing up is hard to do but try it, you will like it.
@ truth hurts,my views,others,its hard to debate a pathelogical liar,changing his policies as he sees fit.He says one thing like the president says Romney has for 18 months then he changes it,is that a trust worthy debate wise because he'd be that way in the WH and you republican hypocrites know it..President Obama says something about preexisting conditions in the healthcare debate portion,bang so does Romney ,right out of thin air,can't be a liar like that and keep your honesty,but who said Romney was ever honest even you republicans didn't did yah!! He can't keep it up,CNN can't even substanciate his other so called facts because before last nights debates they didn't even exist and you know it..There's no facts to go on,no details to compare just lies,inuendoes that keep rolling out of his Mormon mouth like no buddies business,that's bad when Bushs lies weren't as bad as Romneys.But the president has a trump card and he'll use it at the last debate,it'll be a doosey and it'll stick to Romney like glue all the way to the voting booths across America,karma is great and is patient as well,keep your political friends close and your political enemies closer,remember the best from the president has yet to come!!
There is an old adage about rope and hanging oneself.
Perhaps, just maybe, President O was quiet and let Robme ramble on.
Now.today, the media is fact-checking Robme's gibberish and prove he is lying?
Yes, we know you Fox trolls consider "fact-checking" as "carrying water for Oblamo"!!
@rosco: "Any time there is a challange Obambam just folds."
Tell that to Osama bin Laden ...
Obama didn't say one time where this 5T tax figure came from, he didn't say when or where Romney said he would do so, nothing; and he had about 4 chances to do so in the debate. He just kept saying "my opponent wants to give a 5T tax break to the wealthy." Might wanna back up your words Mr. President, because just saying it doesn't make it true. If you continue this in the next two debates you are toast.
LOL Well done, Mr. President. Mittens gave you a treasure trove of comments to use against him. I did not think it was possible, but Mittens looked even smarmier than ever. That oil smile gives me the creeps.
I was falling asleep. Really surprised that Obama didn't come out swinging.
I also believe Obama wanted Mitt to make his own case rather than call him on the lies.
Anyone who thinks Mitt has the middle class in mind, please send me $12 for my informative and robust brochure chocked full of financial secrets that only the wealthy can get!