New Obama ad draws tax plan contrast
Jul-14-2012

A new television advertisement from President Barack Obama's campaign is an attempt to secure the upper hand over Mitt Romney in a tax policy debate which Obama recently brought back to the forefront.
The ad gives a high-level overview of Obama's position on taxes and an unflattering, similarly simplistic view of Romney's proposals.

"Mitt Romney's plan," the ad says, includes "a 25% tax cut for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, but a tax hike for 18 million working families."
For evidence on the "working families" tax increase, the Obama campaign cites a Politifact analysis which says Romney has not publicly supported extending tax provisions aimed at low-income earners including the American Opportunity Tax Credit (an education benefit), the Earned Income Tax Credit, and the Child Tax Credit (to offset some of the cost of raising a child).

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