Mitt Romney now says he agrees with the Supreme Court's decision that the individual mandate outlined under the President Obama's Affordable Care Act, does in fact amount to a tax.

REUTERS/Benjamin Myers

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he campaign of Mitt Romney went up with a new television advertisement on Tuesday attacking President Obama's attempts to reform the welfare system. The ad accuses the president of gutting Clinton-era legislation designed to encourage welfare recipients to seek work. "Under Obama's plan, you wouldn't have to work and wouldn't have to train for a job," the ad proclaims. "They just send you your welfare check." The Obama administration vigorously denied the claim, while his campaign hammered Romney for his "Romney Hood" tax plan, which would allegedly take from the poor and give to the rich. Romney responded with a neologism of his own, saying Obama was full of "Obamaloney." Analysts say the back-and-forth is indicative of an increasingly negative race.