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Obama ad hits Romney on tax plan, tax returns

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The Obama campaign debuted an ad Wednesday that attacks Republican presidential nominee Mitt Romney on his refusal to release past tax returns and accuses the GOP nominee of providing too few details on his tax plan.

The 30-second ad, titled “Won’t Say,” debuted Wednesday in several swing states and brings back the Obama campaign’s long-held charge that Mr. Romney has refused to release his personal tax returns beyond the past two years because he has something to hide.

The ad also questions Mr. Romney’s proposal to cut $5 trillion in taxes, arguing that it favors the wealthy and could cause many middle- and lower-income citizens’ taxes to actually increase. The ad cites an August study by the nonpartisan Tax Policy Center that estimates taxes on families that have children and make less than $200,000 annually could increase by an average of $2,000 a year.

“Mitt Romney: He won’t reveal what’s in his taxes, and he won’t tell you what he’d do to yours,” the ad says. “To pay for huge new tax breaks on millionaires like him, Romney would have to raise taxes on the middle class.”

The Romney campaign has frequently disputed the charges as inaccurate, and Mr. Romney said in an interview Sunday on NBC’s “Meet the Press” that his plan would close certain tax loopholes for the wealthy and would not adversely affect the middle class.

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