Hard hitting Romney ad scores Obama for lying about his tax cuts

The Hill: Mitt Romney on Sunday unveiled a new TV ad pushing back on President Obama's claims the Republican challenger misrepresented the GOP ticket's tax reform plans in Wednesday's debate. "President Obama continues to distort Mitt Romney's economic plan." says a voiceover as the ad begins. "The latest? Not telling the truth about Mitt Romney's tax plan. In the first presidential debate earlier this week, the president charged that Romney's plans called for a $5 trillion tax cut. Romney has said he will cut taxes across-the-board and that his proposal would not harm the deficit, but would rather boost growth and revenues by eliminating loopholes. "I'm not looking for a $5 trillion tax cut. What I've said is I won't put in place a tax cut that adds to the deficit," said Romney during Wednesday's debate.  The Obama campaign, however, says that Romney has failed to specify which loopholes and deductions he would target and that the plan would increase the tax...(Read Full Post)

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