President Barack Obama’s re-election campaign stepped up its attacks on Republican rival Mitt Romney’s tax history with a new negative ad highlighting Romney’s tenure as head of the audit committee of Marriott International during a period when the committee used a tax shelter that has since been ruled illegal.
The
The ad begins with ABC News correspondent David Muir asking Romney if he ever paid less than 13.9 percent in taxes, as he did in 2010. “I’m haven’t calculated that,” Romney replies. “I’m happy to go back and look.”
The ad goes on to ask, “Did Romney pay 10 percent in taxes, 5 percent, zero? We don’t know. But we do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious Son of BOSS tax scandal, one of the largest tax avoidance schemes in history. Isn’t it time for Romney to come clean?”
The ad references an opinion piece that appeared on
“In his key role as chairman of the Marriott board's audit committee, Romney approved the firm's reporting of fictional tax losses exceeding $70 million generated by its Son of Boss transaction,” said the article.
The Romney campaign labeled the ad “another dishonorable and dishonest attack,” and pointed out that the authors of the CNN article had both contributed to Democratic candidates in the past.
The ad came amid charges by Obama that Romney’s tax reform plan would benefit wealthy taxpayers while requiring middle-class and lower-income taxpayers to pay more, based on a
The Romney campaign also ran negative ads accusing Obama of trying to weaken work requirements for welfare recipients by allowing states to be exempted from some of the requirements. The Obama administration has denied that the relaxed requirements were intended for this purpose.