You Have To Stretch While Mitt Romney Only Pays 14 Percent Tax Rate

President Obama’s latest campaign ad, “Stretch,” goes after Mitt Romney for paying only 14% on his income taxes while the middle class pays a higher rate. According to the ad, “You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxes—probably less than you.
Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney’s middle class tax increase: he pays less, you pay more.”