THE HILL
 
comment Print

New Obama TV ad asks whether Romney paid ‘zero percent’ in taxes

By Alicia M. Cohn - 08/09/12 05:05 PM ET

President Obama plans to haunt Mitt Romney on his upcoming bus tour through swing states with questions about his tax rate.

The Obama campaign on Thursday continued hitting Romney over secrecy on taxes, asking, "Isn't it time for Romney to come clean?" in a new TV ad that the campaign says will follow him next week into Virginia, North Carolina, Florida and Ohio.

Romney is touring those swing states by bus starting Saturday.

"Did Romney pay 10 percent in taxes? 5 percent? Zero? We don't know,” the voiceover on the new ad says.

The suggestion that Romney might have paid zero percent of his income in taxes seems to be a reference to accusations made by Senate Majority Leader Harry Reid (D-Nev.) that Romney avoided paying taxes for a decade. Reid has cited an anonymous investor from Romney’s former private-equity firm Bain Capital for the claim.

The ad goes one step further in suggesting Romney also helped corporations he managed in his previous career to dodge taxes. It seeks to tie Romney to a tax shelter scheme known as "Son of BOSS” through Romney’s previous involvement with Marriott Corp., one of the companies implicated in the scheme in the '90s.

The Romney campaign called the ad "another dishonorable and dishonest attack."

"Since President Obama can’t run on record unemployment, falling incomes, and massive debt, he has decided to run a dirty campaign that is an affront to everything he claims to stand for," Romney spokeswoman Amanda Henneberg said.

The Obama campaign is pushing Romney to release more tax returns in order to answer questions they continue to raise about what is in them. Romney has held firm that his decision to voluntarily release two years of tax returns is enough.

He told Bloomberg Businessweek in an interview published Thursday that he has met and gone beyond all financial disclosure requirements for presidential candidates.

"I’m not a business,” he said, when asked if voters deserved a longer look at the history of the “investment” they are making in a future president.

“Apparently, corporations are no longer people in Romney’s mind,” Obama for America Press Secretary Ben LaBolt said in a memo, referring to a comment Romney made last year.

The Democratic National Committee will also be following Romney on the campaign trail, in a “Romney Economics” bus painted with warnings that Romney will throw the middle class under the bus as president.

Updated at 5:43 p.m.


Source:
http://thehill.com/video/campaign/243023-new-obama-tv-ad-asks-whether-romney-paid-zero-percent-in-taxes

In the News

View all »
Boehner: 'The House is going to work its will on immigration'Boehner: 'The House is going to work its will on immigration' Bloomberg-backed group goes after Flake on gun controlBloomberg-backed group goes after Flake on gun control Gates defends Benghazi response, says critics have ‘cartoonish’ view of militaryGates defends Benghazi response, says critics have ‘cartoonish’ view of military Obama campaign hits Romney on what he 'didn't say' in TampaObama campaign hits Romney on what he 'didn't say' in Tampa
OFA launches new video series to promote immigration reformOFA launches new video series to promote immigration reform Biden gives clues in 'Jeopardy!' appearanceBiden gives clues in 'Jeopardy!' appearance The firestorm continues The firestorm continues VIDEO: EU officials say trade deal must be comprehensiveVIDEO: EU officials say trade deal must be comprehensive

More Campaign videos

View all »
Obama campaign hits Romney on what he 'didn't say' in TampaObama campaign hits Romney on what he 'didn't say' in Tampa OFA launches new video series to promote immigration reformOFA launches new video series to promote immigration reform Bloomberg anti-gun group launches $350K ad buy against Sen. Mark PryorBloomberg anti-gun group launches $350K ad buy against Sen. Mark Pryor Axelrod: GOP event was like 'open mic night for 2016 candidates'  Axelrod: GOP event was like 'open mic night for 2016 candidates'
GOP's Gomez: Markey is 'pond scum'GOP's Gomez: Markey is 'pond scum' McAuliffe touts work with McDonnell in new adMcAuliffe touts work with McDonnell in new ad New Obama ad uses Big Bird to hit Romney on deficit, Wall StreetNew Obama ad uses Big Bird to hit Romney on deficit, Wall Street House Majority PAC brands Bachmann as 'running scared' in new videoHouse Majority PAC brands Bachmann as 'running scared' in new video
Hilltube Twitter - Click to follow

More Videos »

More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.