By Geneva Sands - 08/07/12 04:09 PM EDT
In the video, participants on the street type in their tax information, including income, marital status and number of dependents, into the Obama team's calculator, which shows favorable results for the president's tax plans and portrays the presumptive GOP nominee as a threat to the middle class.
"We are still saving a ton of taxes under Obama and we are going to be really screwed under Romney," says a couple in the video.
Viewers are directed to "RomneyPlan.org" at the end of the video, which allows people to type in their own information and find out their tax savings or increases under a Romney or Obama plan, as well as view their taxes over the past four years.
Saving on taxes under an Obama administration is contingent on whether or not Congress "acts on the President’s plan to extend middle-class tax cuts," says a message on the website.
On the campaign trail, Obama has frequently cited a recent report from the Tax Policy Center that claims Romney's tax plan would burden middle-class families.
At a fundraiser in Connecticut Monday, Obama said the Romney plan was "like Robin Hood in reverse," taking money from working Americans to benefit the wealthy.
"It's Romney Hood," the president said, as the audience laughed.
Romney's team disputes the report, saying the author worked in the administration.
The Obama video release coincides with a week of local events in key swing states geared towards touting the president's tax and economic plans.
Former Gov. Ted Strickland (D-Ohio), California Attorney General Kamala Harris and Sen. Tom Harkin (D-Iowa) are all participating in events Tuesday, according to the campaign.